The typical owner-occupied home in Elkhart is worth about $101,600, 53% below the Kansas median of $217,200 and 69% below the national median of $332,700. Owners pay a median $2,149 a year in property taxes, about 2.12% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $56,771 a year, so the median home costs 1.8 times the median income (2.9 times for Kansas). 87% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Elkhart at a glance
| Elkhart | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $101,600 | $217,200 | $332,700 |
| Median property tax paid per year | $2,149 | $2,798 | $3,119 |
| Property tax as a share of value | 2.12% | 1.29% | 0.94% |
| Median household income | $56,771 | $74,275 | $80,734 |
| Homes lived in by their owners | 87% | 67% | 65% |
| Owner homes with a mortgage | 45% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,259 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 16.0% | 19.4% | 21.0% |
| Median rent | $675 | $1,060 | $1,413 |
| Rent as a share of renters' income | 28.4% | 27.1% | 30.6% |
| Median year homes were built | 1966 | 1976 | 1980 |
| Vacant homes | 25.0% | 9.2% | 10.1% |
| Population | 1,661 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Elkhart
At this week's average 30-year rate of 7.11%, buying the median Elkhart home of $101,600 with 20% down costs about $769 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $938, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $32,940 for the 20%-down payment. That payment is 16% of the median Elkhart household income of $56,771; at that income and 20% down, the 28% guideline points to a home of about $175,000.
The median rent here is $675 a month, so owning the median home costs about $94 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $20,320 |
|---|---|
| Loan amount | $81,280 |
| Principal and interest | $547 |
| Property taxes (2.12% a year) | $179 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| PMI | $0 |
| Total per month | $769 |
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| Down payment | $3,556 |
|---|---|
| Loan amount | $99,760 |
| Principal and interest | $671 |
| Property taxes (2.12% a year) | $179 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| FHA mortgage insurance | $45 |
| Total per month | $938 |
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Questions about home buying in Elkhart
What is the median home value in Elkhart?
About $101,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Elkhart?
Homeowners pay a median $2,149 a year, which is about 2.12% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Elkhart?
For the median home with 20% down at 7.11%, the payment is about $769 a month. Keeping that under 28% of gross income takes about $32,940 a year.
More about Elkhart
- Mortgage Refinance in Elkhart
- Debt Relief in Elkhart
- Home Equity Loans in Elkhart
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data