Is Elkhart, IA a good place to invest in rental property?

Elkhart, IA has a median modeled monthly cash flow of $-1,215 and a median cap rate of 1.8%, on a median sold price of $345,000. Prices changed +3.2% year over year.

What is the average cap rate in Elkhart, IA?

The median cap rate across recently sold homes in Elkhart, IA is 1.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elkhart, IA?

The median sold price in Elkhart, IA is $345,000 (about $259 per square foot).

Investing in Elkhart, IA Real Estate

A data-driven snapshot of the Elkhart, IA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$345,000Median sold price

$259Median $/sqft

1.8%Median cap rate

$-1,215Modeled cash flow / mo

+3.2%Appreciation YoY

11.2Months of supply

40Active listings

43Sold (last 12 mo)

What the Elkhart numbers say

In Elkhart, IA, the median home sold for $345,000 (about $259 per square foot), and the typical deal models out to a 1.8% cap rate with a median $-1,215 of monthly cash flow. Sold prices moved +3.2% over the past year. Inventory sits at about 11.2 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Iowa markets to compare

See Elkhart cash-flowing listings

CashFlowRE ranks every for-sale home in Elkhart, IA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Elkhart deals, or browse the national market data.