Rent to own Homes in Elkhart, IN
Annual Festivals and Events! Elkhart, a town of around 50,000 residents, is located near the Michigan/Indiana state line in north-central Indiana. The city is home to a number of annual events, including the three-day Elkhart Jazz Festival each June and the Elkhart Air Show, held every July.
Elkhart, IN is a great place for affordable rent-to-own homes! With a median household income of over $40,101 and a median rent of $787, the Elkhart, IN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Elkhart, IN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Elkhart, IN Property Resources
Rent to own Homes in Cities Near Elkhart, IN
- Baroda
- Benton Harbor
- Benton Heights
- Berrien Center
- Berrien Springs
- Bridgman
- Buchanan
- Coloma
- Covert
- Dowagiac
- Eau Claire
- Fair Plain
- Galien
- Granger
- Hartford
- Hudson Lake
- Indian Village
- Lake Michigan Beach
- Lakeside
- Millburg
- Mill Creek
- Mishawaka
- New Buffalo
- New Carlisle
- New Troy
- Niles
- Notre Dame
- Paw Paw Lake
- Rolling Prairie
- Roseland
- Sawyer
- Shoreham
- Shorewood-Tower Hills-Harbert
- Sodus
- South Bend
- Stevensville
- St. Joseph
- Three Oaks
- Union Pier
- Watervliet
Neighborhoods in Elkhart, IN
Impact rent to own homes Hayden rent to own homes East Lake rent to own homes Middlebury South rent to own homes Indiana rent to own homes Homer rent to own homes Northside rent to own homes Southdale rent to own homes Riverside rent to own homes West Central rent to own homesPopular Zip Codes in Elkhart, IN
46515 rent to own homes 46514 rent to own homes 46516 rent to own homesBuying a Home in Elkhart, IN
Elkhart, IN is seeing rapid growth and Elkhart, IN's' housing market remains optimal with an average home price that is -56% below the 2024 national average. Elkhart, IN is part of Elkhart county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Elkhart is 0.99% which is equal to the national average, which is 0.99%.
Median Home Price in Elkhart, IN
Median Rent in Elkhart, IN
Top 11 Reasons to Love Living in Elkhart, Indiana
Excellent Transportation! Elkhart is located directly on the Indiana Toll Road, which connects the city to Chicago to the west and Toledo, Ohio to the east. The city is also part of the Interurban Trolley regional public bus system, which provides transportation within Elkhart and between Elkhart and nearby Goshen, Osceola, Dunlap and Mishawaka.
Parks Galore! The City of Elkhart owns and manages more than 32 parks and recreation centers, including Riverview Park and Ideal Beach Water Park. A 16.85% vacancy rate means there's room for your to come in and enjoy the greenery!
Housing is Affordable! The median home value in Elkhart for 2013 was $88,300. A few of the most desirable neighborhoods in Elkhart are the Greenleaf Manor and County Road 4 neighborhoods, with a few rent to own houses available in these areas.
The Rivers! The St. Joseph and Elkhart Rivers both run through Elkhart, offering fishing, boating and other recreational opportunities. One of the highlights of the downtown area is the Riverwalk along the St. Joseph River.
Lower than Average Property Taxes! Property taxes in Elkhart are lower than the state average. The average Elkhart homeowner pays $888 in property taxes annually. A few of the Elkhart neighborhoods with single-unit homes include the Jamestown and Simonton Lake communities.
Arts and Theater! You may not think of Elkhart when it comes to arts and culture, but the city has a rich cultural heritage. Today, residents can enjoy small theater productions at the renovated Lerner Theater and browse the fascinating exhibits at the National New York Central Railroad Museum.
Housing Prices Are on the Rise! The median home value in Elkhart for 2013 was $88,300. That's a .7% increase from 2012. While that may not sound like much, properties values in neighboring communities have been decreasing. Some of the most popular sections to live are the Dunlap and Ash Road neighborhoods. Many areas in Elkhart offer rent to own homes.
Plenty to Eat! Elkhart offers an abundance of restaurants, with McCarthy's on the RiverWalk serving up Irish cuisine, Chubby Trout offering seafood, and Michael's Italian Restaurant and Lucchese's Italian Restaurant cooking up, well, Italian dishes.
New Housing and Condo Developments! New homes are adding to the diverse array of housing available in Elkhart. New home construction projects include Hidden Lake Reserve and Golden Pond. Find yourself a rent to own property in one of these new developments
A Rebounding Economy! Elkhart, the "RV Capital of the World," was hit hard by the economic downtown of the early 21st century. However, today the economy is rebounding. Major companies boosting the area include Bennington Marine, Northern Indiana Brass Company and Heartlands RVs.