Market Intelligence · IN / Elkhart

Elkhart, IN 46517 Housing Market

In Elkhart's 46517 ZIP code, the typical home value is $244,258, up 5.9% over the past year as of September 2026. Homes listed for sale have a median list price of $304,725 and spend a median of 36 days on market.

Updated September 2026Median value$244K

The median home value in Elkhart, IN 46517 is $244K as of September 2026, up 5.9% 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 46517 range

$225K to $264K

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

+5.9% over 12 months

Sep 2025$231K

Low $231KHigh $244K

Sep 2026$244K

The numbers

What is the 46517 housing market like?

As of September 2026

Typical home value

$244K

5.9%YoY

Median list price

$305K

3.1%MoM

Days on market

9.1%MoM

Homes for sale

17.9%MoM

Price cuts

26.7%

91.1%MoM

New listings

8.3%MoM

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

The outlook

46517 housing market forecast 2027

+3.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46517 to rise 3.9% by September 2027.

Over the 12 months through September 2026, typical home values in 46517 rose 5.9%, per the Zillow Home Value Index.

Will home prices drop in 46517?

Zillow's forecast does not call for a drop: it expects typical home values in 46517 to rise 3.9% by September 2027, after a 5.9% 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 46517 home prices compare?

46517$244,258
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

The 46517 housing market shows a typical home value of $244,258, which has increased 5.9% over the past year. There are 33 homes for sale, with a median list price of $304,725. Homes are spending a median of 36 days on market, and 22 new listings came on in September 2026. About 26.7% of current listings have taken a price cut. For sellers, the gap between rising values and the higher list prices suggests buyers are pushing back on pricing, so realistic pricing from the start matters.

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Down payment20% · $48,852

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Common questions

What people ask us.

How much is a home in 46517 worth?

The typical home value in 46517 is $244,258 as of September 2026, up 5.9% over the past year.

How long does it take to sell a home in 46517?

Homes in 46517 spend a median of 36 days on market. There were 33 homes for sale as of September 2026.

What are homes listed for in 46517?

The median list price in 46517 is $304,725 as of September 2026.

Discover

Nearby ZIP markets.

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