46517 — Elkhart County, Indiana Market Snapshot
Housing market data for zip code 46517 in Elkhart County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
56 sales in 2026 (year to date)
Median Sale Price
$249,825
Days to Sell
20
Homes Sold
56
Inventory
30
Sale-to-List
99.6%
New Listings
68
Price/SqFt
$136
Pending Sales
63
Conforming Loan Available
Most homebuyers in 46517 can comfortably use conventional financing. The median home price of $249,825 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
Homes in 46517 are moving quickly at 20 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 46517 (99.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 46517 can comfortably use conventional financing. The median home price of $249,825 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 46517 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 46517
To purchase the median home at $249,825 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,064.
Monthly Payment
$2,064
Income Required
$88,460
Principal & Interest
$1,539/mo
Down Payment (5%)
$12,491
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 46517.
Estimated Monthly Payment
$1,696
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 46517. Tell us what you're looking for.