Frequently Asked Questions

Are house prices dropping in Elkhart?

The house prices in Elkhart are indeed dropping at the moment. There has been a decrease in price of $30,247.30. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

What is the housing market like in Elkhart at this time?

The housing market and house prices in Elkhart are going down. The average house price is $305,000.00 and the average price per square feet is $173.98 per square foot. At the moment, there are 2317 homes listed - 207 active, 110 pending, and 2000 sold in Elkhart.

What is the most popular place to buy a house in Elkhart?

The most popular place to buy a home in Elkhart is 2001 - Elkhart - Cleveland. 2001 - Elkhart - Cleveland has the most properties listed and appears to have the highest demand.

What is the amount of property taxes you have to pay for a house in Elkhart?

The average amount of property taxes you would have to pay for a home in Elkhart is $2,955.51. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.

How fast are houses listed in Elkhart being sold?

Properties in Elkhart stay on the market for an average of 65 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.

How often are houses listed for sale in Elkhart?

The last home listed in Elkhart was 494 minutes ago.

Can you visit houses in Elkhart?

Currently, there are 1 open houses available for viewing in Elkhart.

What is the most expensive house in Elkhart?

The cost of the most expensive home in Elkhart is $2,450,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.

What is the cheapest house in Elkhart?

The cost of the cheapest home in Elkhart is $65,000.00. Buying a cheaper home can keep payments low and leave room for customization.

How old are the homes in Elkhart?

The oldest home in Elkhart was built in 1860, and the newest in 2026.

How big are the homes in Elkhart?

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The average property size in Elkhart is 2306.92 sq.ft., the largest being 11953 sq.ft., and the smallest being 0 sq.ft.

Schools

High School:

Elkhart

Middle School:

North Side

Elementary School:

Beardsley

Tax and Financial Info

Semi-Annual Property Tax:

$235.7

Tax Year:

2024

Quick View

Address:

510 W Lexington Avenue Elkhart IN 46516

Status:

Active

On Site:

62 Days On Site

Price:

$65, 000

Bedrooms:

3 Beds

Bathrooms:

2 Full Baths

Sq. Feet:

1, 558

Year Built:

1928

Lot Size:

0.1

County:

Elkhart County

Township:

Concord

MLS #:

202615784

Property Type:

Site Built Home

Community Information

City:

Elkhart

Subdivision:

None

Zip Code:

46516

Rooms

Type	Dimensions	Level
Master Bedroom	13 x 12	Main
2nd Bedroom	11 x 10	Upper
3rd Bedroom	12 x 10	Upper

Active

$65,000

3 Beds

2 Baths

1,558 Sq. Ft.

510 W Lexington Avenue, Elkhart, IN, 46516

Est. Payments: $0/mo

Residential

Built in 1928

62 days on Site

0.1 Lot Size

None

Forced Air

Additional Details

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

Description

This home has been taken down to the studs and is ready for someone to bring it back to life. If you’ve been looking for a project with upside, this is one worth a look. There’s a solid amount of space to work with. The upper level offers 2 bedrooms connected by a Jack and Jill bathroom. On the main floor, you’ve got the footprint to cre...

Source: IRMLS as distributed by MLS GRID, MLS ID: 202615784

Listing provided courtesy of Jose Ramirez 574-293-1010 with Berkshire Hathaway HomeServices Elkhart

Last Updated: 5/4/2026 | 2:58 PM

Mortgage Calculator

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Price & Interest: 0/mo

Property Tax: 0/mo

Mortgage Insurance: 0/mo

Home Insurance: 0/mo

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HOA Fees

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About the Neighborhood

Sherman offers a pleasant environment with quiet streets and minimal noise, making it an inviting place to settle. The neighborhood features a well-developed bicycling network with gently sloping terrain that encourages convenient cycling. Daily errands are manageable thanks to the neighborhood's compact layout, supported by nearby supermarkets and several local restaurants. Parking availability is generally straightforward, contributing to easy mobility by car. Public transit connects the area through several bus lines with stops conveniently located throughout. Housing options are diverse, including a mix of single detached homes, duplexes, lofts, and larger residences, reflecting a variety of choices for different preferences.

Learn more about

Elkhart Market Report

Avg. Days on Market

Avg. Price Per Sq. Ft.

179.49

Median List Price

$327,450

Homes Listed

252

Frequently Asked Questions

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

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