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

Elkhart, IN has a median modeled monthly cash flow of $-450 and a median cap rate of 4.1%, on a median sold price of $227,000. Prices changed +5.3% year over year.

What is the average cap rate in Elkhart, IN?

The median cap rate across recently sold homes in Elkhart, IN is 4.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Elkhart, IN?

The median sold price in Elkhart, IN is $227,000 (about $140 per square foot).

Investing in Elkhart, IN Real Estate

A data-driven snapshot of the Elkhart, IN 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.

$227,000Median sold price

$140Median $/sqft

4.1%Median cap rate

$-450Modeled cash flow / mo

+5.3%Appreciation YoY

8.2Months of supply

662Active listings

973Sold (last 12 mo)

What the Elkhart numbers say

In Elkhart, IN, the median home sold for $227,000 (about $140 per square foot), and the typical deal models out to a 4.1% cap rate with a median $-450 of monthly cash flow. Sold prices moved +5.3% over the past year. Inventory sits at about 8.2 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.

🔨 See 21 fix-and-flip deals in Elkhart — listings where the estimated after-repair value beats list price + rehab.

Other Indiana markets to compare

See Elkhart cash-flowing listings

CashFlowRE ranks every for-sale home in Elkhart, IN 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.