46514 — Elkhart County, Indiana Market Snapshot
Housing market data for zip code 46514 in Elkhart County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
123 sales in 2026 (year to date)
Median Sale Price
$272,000
Days to Sell
32
Homes Sold
123
Inventory
93
Sale-to-List
98.5%
New Listings
159
Price/SqFt
$145
Pending Sales
134
Conforming Loan Available
Most homebuyers in 46514 can comfortably use conventional financing. The median home price of $272,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
46514's market is balanced with homes taking an average of 32 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 46514 (98.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 46514 can comfortably use conventional financing. The median home price of $272,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 46514 are set at the county level.
2026 Loan Limits — Elkhart County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 46514
To purchase the median home at $272,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,234.
Monthly Payment
$2,234
Income Required
$95,742
Principal & Interest
$1,676/mo
Down Payment (5%)
$13,600
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 46514.
Estimated Monthly Payment
$1,833
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 46514. Tell us what you're looking for.