Market Overview
Home Prices in Elkhart, TX
The median home value in Elkhart, TX is $271,783 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and up 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elkhart are priced34% below average. Elkhart is part of the Palestine, TX metro area.
Over the past five years, Elkhart home values have risen by approximately43.4%, reflecting strong long-term appreciation in this market.
Price History
Elkhart Home Price Trend
City Comparison
Elkhart vs. National Median
At $271,783, homes in Elkhart cost 34% below the national median of $410,000. This makes Elkhart a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elkhart?
20% Down Payment
$54,357
on $271,783
Monthly P&I
$1,417/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,800/mo
incl. taxes & insurance
Income Needed
$72,000
gross annual (30% rule)
10% Down Option
$27,178
+ PMI applies
Loan Amount (20% dn)
$217,426
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Elkhart, TX?
The median home value in Elkhart is $271,783 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Elkhart?
Over the past year, home values in Elkhart have increased by 4.6%. Over five years, prices have risen approximately 43.4%.
How much do I need to earn to buy a home in Elkhart?
To comfortably afford the median home price of $271,783 with a 20% down payment ($54,357) at today's rates (6.8%), you'd need a gross annual income of approximately $72,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Elkhart compare to the national average home price?
The national median home value is approximately $410,000. At $271,783, homes in Elkhart are 34% below the national average.
What metro area is Elkhart part of?
Elkhart is part of the Palestine, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.