Market Intelligence · IN / Elkhart

Elkhart, IN 46514 Housing Market

The typical home value in Elkhart, IN 46514 is $250,777, up 5.7% over the past year as of September 2026. Sellers listed homes at a median of $343,750, and homes spent a median of 42 days on the market.

Updated September 2026Median value$251K

The median home value in Elkhart, IN 46514 is $251K as of September 2026, up 5.7% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 46514 range

$231K to $271K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+5.7% over 12 months

Sep 2025$237K

Low $237KHigh $251K

Sep 2026$251K

The numbers

What is the 46514 housing market like?

As of September 2026

Typical home value

$251K

5.7%YoY

Median list price

$344K

0.4%MoM

Days on market

5.0%MoM

Homes for sale

5.4%MoM

Price cuts

25.7%

25.8%MoM

New listings

19.4%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

46514 housing market forecast 2027

+3.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46514 to rise 3.9% by September 2027.

Over the 12 months through September 2026, typical home values in 46514 rose 5.7%, per the Zillow Home Value Index.

Will home prices drop in 46514?

Zillow's forecast does not call for a drop: it expects typical home values in 46514 to rise 3.9% by September 2027, after a 5.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 46514 home prices compare?

46514$250,777
Elkhart$244,258
Indiana$233,780
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Elkhart: 3 ZIPs; Indiana: 697 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, the typical home value in Elkhart, IN 46514 stood at $250,777, a 5.7% increase over the past year. There were 97 homes for sale, with 58 new listings coming onto the market. The median list price was $343,750, and homes took a median of 42 days to sell. About 25.7% of listings had a price cut. For a seller, the numbers point to rising values, but a meaningful share of sellers still had to lower their asking price, so pricing accurately from the start matters.

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Common questions

What people ask us.

How much is a home in 46514 worth?

The typical home value in Elkhart, IN 46514 is $250,777 as of September 2026, up 5.7% over the past year.

How long does it take to sell a home in 46514?

Homes in Elkhart, IN 46514 spent a median of 42 days on the market as of September 2026.

How many homes are for sale in 46514?

There were 97 homes for sale in Elkhart, IN 46514 as of September 2026, including 58 new listings.

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Nearby ZIP markets.

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