Elkhart, IN - House Price Index (HPI)
Elkhart Real Estate Market Forecast
The House Price Index (HPI) shows changes in Elkhart-Goshen, IN single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
Elkhart Real Estate Market: Trend Outlook, Analysis & Statistics
100
1000
10
Commentary  27692
3rd Quarter, 2017 Housing Statistics: Elkhart, Indiana


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      84%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Elkhart housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Elkhart is 84%. In other words, when tested against historical
data, the forecasting methodology was correct 84% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Elkhart is 84% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Elkhart Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      85%

The forecast for the trend in the Elkhart housing market for the 3 years ending
with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Elkhart is 85%. In other words, when tested against historical data, the
forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Elkhart is 85% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Elkhart Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Elkhart, Indiana


Historical Home Price Appreciation
Last Quarter                                     3.82%
Last Year . . . . . . . . . . . . . . . . . . . .  6.2%
Last 5 Years                                     26%
Last 10 Years . . . . . . . . . . . . . . . . . 12%
Last 20 Years                                   53%



Annual Home Price Appreciation Rates
1987      -3.91%
1988      4.47%
1989      4.10%
1990      1.14%
1991      3.64%
1992      3.77%
1993      4.22%
1994      4.31%
1995      6.47%
1996      5.29%
1997      4.97%
1998      3.65%
1999      2.11%
2000      4.56%
2001      4.21%
2002      1.98%
2003      3.73%
2004      3.62%
2005      3.58%
2006      1.52%
2007      -0.08%
2008      -1.83%
2009      -5.52%
2010      -0.03%
2011      -2.50%
2012      0.79%
2013      1.21%
2014      3.97%
2015      4.67%
2016      4.85%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.82%         Rank: 28 of 381 (92nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.2%           Rank: 157 of 381 (58th Percentile)
Last 5 Years                              26%            Rank: 137 of 381 (64th Percentile)
Last 10 Years  . . . . . . . . . . . .   12%            Rank: 129 of 381 (66th Percentile)
Last 20 Years                            53%            Rank: 312 of 379 (17th Percentile)


The change in home prices for Elkhart-Goshen, IN are shown above for five
time periods. For example: Elkhart appreciated 3.82% in the Last Quarter. At
that rate, the Elkhart Real Estate Market was ranked 28th out of 381
metropolitan Real Estate Markets. Elkhart was in the 92nd percentile. So
Elkhart, IN performed better in the Last Quarter than 92% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Elkhart, Indiana

The data and analysis on this page pertains to Elkhart-Goshen, IN, hereinafter
referred to as "Elkhart". The all time high in the Elkhart Home Price Index was
173.2 in the 3rd Quarter, of 2017.  The Home Price Index indicates that the
Elkhart Market is up 12% over the last 10 years. Home prices in the Elkhart
Real Estate Market have gained 6.23% over the last 12 months. Over the last
thirty years, it is up 123%.

The 3rd Quarter index value was 6.38 points higher than the 2nd Quarter, 2017
index value of 166.80, resulting in a 3.82% rise in the 3rd Quarter for the
Elkhart Market.

The Elkhart Home Price Index has increased for the last 3 consecutive quarters.
The current record holders for consecutive increases in the Home Price Index
are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in the last 25
consecutive quarters. The current record holder for consecutive declines in the
Home Price Index is Carbondale, IL, with declines in the last 3 consecutive
quarters.

The highest annual change in the value of houses in the Elkhart Real Estate
Market was 12% in the twelve months ended with the 3rd Quarter of 1986. The
worst annual change in home values  in the Elkhart Market was -8% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Elkhart Real Estate Market over a
three year period was 27% in the three years ended with the 1st Quarter of
1987. The worst performance over a three year period in the Elkhart Market
was -13% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Elkhart Home Price Index (above).
For information about Indiana home values, click Real Estate Market Forecasts
in the navigation bar at the top of this page.  You'll see long term charts and
analysis that will provide tremendous insight into the historical trends of
residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Elkhart Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Elkhart Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Elkhart Real Estate Market and hundreds of
other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
3rd Quarter, 2017 Housing Data: Elkhart, Indiana

The trend of Elkhart Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Elkhart-Goshen, IN, hereinafter referred to as "Elkhart".

Last Quarter:
During the 3rd Quarter of 2017, Elkhart Home Prices had a rank of 28, with
appreciation of 3.82%. The top performing real estate market during the 3rd
Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during that
period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Elkhart Home Prices had a rank of 157, with
appreciation during the year of 6.23%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Elkhart Home Prices
ranked 137, with a total appreciation of 25.9%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2017, Elkhart Home Prices had
a rank of 129, with appreciation during the decade of 12%. The top performing
market during the period was Denver, CO, with a rise of 63%. The worst real
estate market during the 10 year time period was Atlantic City, NJ, with
appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Elkhart Home Prices had
a rank of 312, with total growth over the 20 year period of 53%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Elkhart Real Estate
Market is available back to the 3rd Quarter, of 1984. All calculations are based
on the quarterly value of the House Price Index for Elkhart. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Wednesday, January 3, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure
LittleBigHomes.com
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030