Elkhart is a thriving community of 48,000 people located in Northern Indiana, not far from the Michigan border. As a relatively small town, it has much of the charm that small mid-western communities are famous for, but also boasts a cosmopolitan population, with many types of real estate available. Nestled in some of the Midwest's most appealing countryside, and graced by the beautiful St. Joseph river, Elkhart is a vigorous manufacturing, banking and social center. It is a town that has just about everything from recreational and cultural opportunities to quality schools, such as Goshen College, and a low crime rate. Daily news can be found in "The Truth", a newpaper covering Elkhart's local activities. The cost of housing is extremely affordable. Starter homes can be found for well under $100,000. Magnificent single-family homes on large lots with greenbelt access can be found in the mid-$150,000 range. Real estate for custom building is also available.
Elkhart Real Estate Stats and Trends for the week of April 17th, 2020: homes priced around $155,793 compared to $155,793 the previous week, to remain steady with no change in listing price. For Friday, April 17th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.