Elkhart, IA
Population 680 · Iowa
About Elkhart, IA
Elkhart is a small community located in Iowa with a population of 680 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,771 per year, which is 9% above the national median of $75,149. The median age of 38.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Elkhart features a median home value of $241,700, which is 1% below the national median of $244,900. This positions Elkhart in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 318 total housing units, 86% are owner-occupied (243 units) and 14% are renter-occupied (40 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elkhart shows an unemployment rate of 0.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elkhart have an average one-way commute time of 28.4 minutes.
Education & Demographics
25.8% of Elkhart residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.5% White, 1.2% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 1.9% of the population being foreign-born.
How Elkhart Ranks in Iowa
Cost of Living in Elkhart, IA
Compared to national averages, Elkhart has a median household income of $81,771 (9% above the national median of $75,149). Home values average $241,700, which is 1% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Elkhart's income is 20% above the state average of $67,947, and home values are 83% above the state median of $132,237.
Why Live in Elkhart, IA?
Elkhart offers a strong local economy with a median household income of $81,771, well above the national average, and affordable housing with a median home value of $241,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.5%, and a low poverty rate of 9.7%, better than the national average.
Elkhart has a population of 680 with a median age of 38.7 years. Compare Elkhart with other cities to see how it stacks up, or explore all cities in Iowa.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Elkhart
What is the population of Elkhart, IA?
The population of Elkhart, IA is 680 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Elkhart?
The median household income in Elkhart, IA is $81,771 per year, which is 9% above the national median of $75,149.
What is the median home value in Elkhart?
The median home value in Elkhart, IA is $241,700, which is 1% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elkhart?
The median monthly rent in Elkhart, IA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Elkhart?
The unemployment rate in Elkhart, IA is 0.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Elkhart, IA a good place to live?
Elkhart offers above-average incomes, affordable housing, and a strong job market. With a population of 680 and a median age of 38.7, the city appeals to a broad range of residents.
How educated is Elkhart, IA?
25.8% of residents in Elkhart aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Elkhart?
Key cost-of-living indicators for Elkhart, IA: median home value is $241,700 (1% below national), median rent is $0/month, and median household income is $81,771. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Elkhart?
The poverty rate in Elkhart, IA is 9.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elkhart, IA?
Elkhart's population is 1.5% White, 1.2% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 3.2% two or more races. 1.9% of residents are foreign-born.