46516 — Elkhart, IN Home Values
Typical home value $191,401 as of June 2026 · 10th of 10 in Elkhart-Goshen, IN
Blue: typical home value (Zillow ZHVI) in ZIP code 46516, June 2021 to June 2026. This page shows observed data only; no forecast.
How 46516 compares in the Elkhart-Goshen, IN area
ZIP code 46516 (Elkhart, IN) has a typical home value of $191,401 as of June 2026, ranking 10th of 10 ZIP codes tracked in the Elkhart-Goshen, IN area, more expensive than about 10% of ZIP codes in the metro. Prices here have moved +4.5% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +31.3%, from $145,768 in June 2021 to $191,401 in June 2026. Against observed rent, the typical home here sells for 15.4× the annual rent ($1,037/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Elkhart-Goshen, IN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Elkhart.
Population and demographics
ZIP code 46516 has a population of 31,959, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 62.6% White, 23.1% Hispanic or Latino, 10% Black or African American, 2.6% two or more races, 1.4% Asian, 0.2% Native Hawaiian or Pacific Islander, and 0.1% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Mary Beck Elementary School | 818 McDonald St, Elkhart, IN | 0.5 mi |
| Elkhart Alternative Education | 1013 Tipton Street, Elkhart, IN | 0.6 mi |
| Excel Center - Elkhart | 1 Blazer Blvd, Elkhart, IN | 0.7 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 46516?
$191,401 as of June 2026, the latest month Zillow has published observed data for.
Is 46516 an expensive ZIP code in the Elkhart-Goshen, IN area?
46516 ranks 10th of 10 ZIP codes in the Elkhart-Goshen, IN area by typical home value, more expensive than about 10% of ZIP codes in the metro.
How much have home values in 46516 changed over the past year?
+4.5% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 46516?
The typical home price is 15.4× the observed annual rent in this ZIP code ($1,037/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 46516?
31,959, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 46516?
Mary Beck Elementary School (0.5 mi), Elkhart Alternative Education (0.6 mi), Excel Center - Elkhart (0.7 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 46516?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Elkhart-Goshen, IN forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.