Rent-to-Own Homes in Elkhart, IN: What You Need to Know
Elkhart is a tight-knit city. The cost of living is low and has attracted a younger crowd interested in beginning their adult lives. The top-notch schools and excellent suburbs are ideal for family rearing. Consider Elkhart when moving to Indiana!
Cost of Living
One of the major draws of Elkhart is the low cost of living. Overall, it’s 5% less expensive than the national average. Groceries and healthcare are also lower here. Housing and all associated costs are 23% cheaper. The median home price is $266,000 and just over half the residents own their homes. The average rent for an 841 square-foot apartment is $779 per month. Studios cost around $520, one-bedrooms are $620, a two-bedrooms are $810 per month. Three-bedrooms are about $1,015 per month, while four-bedrooms are around $1140.
Elkhart has an ideal location, with lots of big cities within driving range. This is perfect for fun day trips and weekend getaways. Fort Wayne is an hour and a half away from Elkhart. Chicago, one of the major cities in the entire county, is just two hours away by car. Indianapolis, Indiana’s capital, is just under a three-hour car ride. For those dependent on airports for travel, South Bend Regional Airport is just 31 miles from the heart of Elkhart.
Schools and Education
For those with, or interested in having, children, there are lots of schools here. There are 49 preschools, 31 elementary schools, 15 middle schools, and 10 high schools. Of these, 57 are considered top public schools, teaching 36,000 students. If you are uninterested in public education, there are 46 private schools available. Of these, 10 are considered top private schools, educating just over 1,000 students. For those seeking higher education, there are 22 colleges within a 50-mile radius of the city. Three major universities to keep an eye out for are The University of Notre Dame, Purdue University, and Indiana University Bloomington.
Weather and Climate
Residents of Elkhart enjoy the full four-season experience. The climate is humid subtropical, meaning the summers are warm, while winters are often freezing and windy. It’s partly cloudy all year. It rains for 163 days, totaling 31”, with May being the wettest month. It snows a total of 56 days, accumulating a total of 18”, with January being the snowiest month. The coldest month is January, with temperatures often dipping down to 19°F. July is the warmest month, with peaks of 80°F.
Know Your Neighborhoods
One of the best places to live in all of Indiana, Elkhart is home to 34,000. Many residents are families and young professionals who enjoy well-regarded public schools and a dense suburban environment. The median home value is $121,000 and just over half the residents own their homes. The median rent is $784.
7,000 call Dunlap home. Many families have settled here, enjoying the quiet rural vibe. The median home value is $144,000 and the majority of residents own their homes. The median rent is $737.
Middlebury is home to 4,000 people, many of whom are families and young professionals. They enjoy a quiet rural environment and top-rated public schools. The median home value is $170,000 and the majority of residents own their homes. The median rent is $932.