Metro area index
Home appreciation in the Elkhart-Goshen, IN metro area
FHFA HPI® data shows the Elkhart-Goshen, IN metro area's all-transactions index changed +5.3% over the year to Q2 2026, versus +4.6% for Indiana and +3.0% for the U.S. That ranks 86th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +5.3%
- 5-year change
- +47.2%
- Since Q1 1995
- +222%
- Metro rank (1 year)
- 86th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Elkhart-Goshen, IN vs Indiana and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Elkhart-Goshen, IN: 322.1
- Indiana: 319.8
- United States: 391.6
Appreciation by time window
| Window | Metro | IN | U.S. | Gap vs IN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +5.3% | +4.6% | +3.0% | +0.7 pts | +2.3 pts |
| 3 years | +16.6% | +16.2% | +12.9% | +0.4 pts | +3.7 pts |
| 5 years | +47.2% | +46.7% | +41.3% | +0.6 pts | +5.9 pts |
| 10 years | +105% | +104% | +93.3% | +1.6 pts | +11.9 pts |
| Since Q1 1995 | +222% | +220% | +292% | +2.3 pts | −69.5 pts |
3-digit ZIP regions in the Elkhart-Goshen, IN area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 465 · Elkhart, IN area | IN | +6.4% | +49.4% | +235% | 42% |
Boom, bust, and recovery in Elkhart-Goshen, IN area
Elkhart-Goshen, IN area's index peaked in Q2 2007, fell 13.4% to its low in Q2 2011, and regained its peak in Q2 2016, about 9 years after the top. Today it sits +106% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q2 2007 | Q2 2011 | -13.4% | Q2 2016 (9 yrs) | +106% |
| IN | Q1 2008 | Q2 2011 | -7.3% | Q3 2015 (7.5 yrs) | +110% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Elkhart-Goshen, IN area's index has changed +45.5% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | IN after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +1.4% | +0.7% | -0.8% |
| 3 years | +9.8% | +6.2% | +5.8% | +2.8% |
| 5 years | +24.0% | +18.7% | +18.3% | +13.9% |
| 10 years | +39.1% | +47.6% | +46.4% | +39.0% |
| Since Q1 1995 | +121% | +45.5% | +44.5% | +76.8% |
If you bought in the Elkhart-Goshen, IN area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +218% | $954,058 |
| Q2 2000 | +157% | $770,366 |
| Q2 2005 | +121% | $661,693 |
| Q2 2010 | +129% | $686,857 |
| Q2 2015 | +116% | $647,504 |
| Q2 2020 | +65.8% | $497,436 |
| Q2 2021 | +47.2% | $441,703 |
| Q2 2023 | +16.6% | $349,781 |
| Q2 2025 | +5.3% | $315,826 |
Frequently asked questions
- How much have home prices risen in the Elkhart-Goshen, IN area?
- FHFA HPI® data for the Elkhart-Goshen, IN metro area shows changes of +5.3% over one year, +47.2% over five years, and +105% over ten years to Q2 2026, and +222% since Q1 1995.
- Is the Elkhart-Goshen, IN area beating the national average?
- Over the past year the metro's index moved +2.3 pts versus the U.S.; over five years the gap is +5.9 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.