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Elkhart, IN - House Price Index (HPI) - 24 Year Chart
Elkhart Real Estate Market
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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.  Updated Thursday, April 19, 2012. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
Elkhart Real Estate Index: 24 Year Chart
Home Values Appreciation Rate - US Cities
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Elkhart Real Estate Market: Trend, Analysis & Statistics
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Commentary  10166
4th Quarter, 2011 Housing Statistics: Elkhart, Indiana


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      84%

Forecast-Chart.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 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Elkhart is 84%. In other words, when tested against
historical data, the forecasting methodology was correct 84% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Elkhart is 84% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 4th Quarter of 2012 than they were in
the 4th Quarter of 2011. Check this page each quarter for updates to the
Elkhart Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      87%

The forecast for the trend in the Elkhart housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Elkhart is 87%. In other words, when tested against historical data, the
forecasting methodology was correct 87% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Elkhart is 87% during this period. If this Housing Market Forecast is correct,
home prices will be lower in the 4th Quarter of 2014 than they were in the 4th
Quarter of 2011. Check this page each quarter for updates to the Elkhart Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Elkhart, Indiana


Historical Home Price Appreciation
Last Quarter                                     2.97%
Last Year . . . . . . . . . . . . . . . . . . . .  -2.7%
Last 5 Years                                     -8%
Last 10 Years . . . . . . . . . . . . . . . . . 7%
Last 20 Years                                   64%
Decline From All Time High               9.72%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985      4.51%
1986      10.44%
1987      -4.47%
1988      4.97%
1989      4.04%
1990      1.12%
1991      3.54%
1992      3.97%
1993      4.15%
1994      4.39%
1995      6.03%
1996      5.52%
1997      5.00%
1998      3.86%
1999      2.06%
2000      4.56%
2001      4.25%
2002      2.08%
2003      3.67%
2004      3.72%
2005      3.64%
2006      1.44%
2007      -0.01%
2008      -0.51%
2009      -5.17%
2010      0.62%
2011      -2.70%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.97%         Rank: 15 of 381 (96th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -2.7%          Rank: 202 of 381 (47th Percentile)
Last 5 Years                              -8%             Rank: 200 of 381 (47th Percentile)
Last 10 Years  . . . . . . . . . . . .   7%              Rank: 330 of 381 (13th Percentile)
Last 20 Years                            64%            Rank: 279 of 355 (21st Percentile)
Decline From All Time High        9.72%

Home Price appreciation rates for Elkhart-Goshen, IN are shown above for five
time periods. For example: Elkhart appreciated 2.97% in the Last Quarter. At
that rate, the Elkhart Real Estate Market was ranked 15th out of 381
metropolitan areas for Real Estate Appreciation. Elkhart was in the 96th
percentile. So Elkhart, IN performed better in the Last Quarter than 96% of the
381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 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
158.1 in the 1st Quarter, of 2009. The 4th Quarter, 2011 index value was
142.7. That's a decline of 15.37 points or 9.72% below the Elkhart Home Price
Index all time high.  The Home Price Index indicates that the Elkhart Market is
up 7% over the last 10 years. Home Prices in the Elkhart Real Estate Market
have lost 2.70% over the last 12 months.

The 4th Quarter index value was 4.12 points higher than the 3rd Quarter, 2011
index value of 138.56, resulting in a 2.97% rise in the 4th Quarter for the
Elkhart Market.

The Elkhart Home Price Index increased in the last quarter after falling in the
previous 4 quarters. The current record holders for consecutive increases in
the Home Price Index are Wheeling, WV; Washington, DC; St. Cloud, MN and
Grand Forks, ND, with increases in the last 4 consecutive quarters. The current
record holder for consecutive declines in the Home Price Index is Las Vegas,
NV, with declines in the last 20 consecutive quarters.

The highest annual home appreciation rate in the Elkhart Real Estate Market
was 12% in the twelve months ended with the 3rd Quarter of 1986. The worst
annual home appreciation rate in the Elkhart Market was -7% in the twelve
months ended with the 1st Quarter of 2010.

The highest home appreciation in the Elkhart Real Estate Market over a three
year period was 19% in the three years ended with the 1st Quarter of 1997.
The worst home appreciation over a three year period in the Elkhart Market was
-11% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Elkhart Home Price Index (above).
The house price chart has been updated through the 4th Quarter of 2011. For
more information about Elkhart Home Prices, look at the links under that chart.
One link opens a long term chart of historical appreciation rates for the Elkhart
Real Estate Market. Another opens a forecast for appreciation rates in the state
of Indiana. Just one glance at Forecast-Chart.com's long term charts can
provide tremendous insight into the historical trends of residential property
values. Bookmark this page! Then Forecast-Chart.com's detailed research and
statistics about Elkhart Home Prices will be at your fingertips when you need
them.

Historical data on the Elkhart Home Price Index is available back to the 3rd
Quarter, of 1984. 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
4th Quarter, 2011 Housing Data: Elkhart, Indiana

The appreciation 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 4th Quarter of 2011, Elkhart Home Prices had a rank of 15, with
appreciation of 2.97%. The top performing real estate market during the 4th
Quarter was Vineland, NJ, with appreciation of 6.09%. The worst market during
that period was Valdosta, GA, with appreciation of -5.24%.
The median appreciation for all cities during the 4th Quarter was 0.24%. The
average appreciation for all markets during the quarter was 0.29%.

Last Year:
During the last 12 months, Elkhart Home Prices had a rank of 202, with
appreciation during the year of -2.70%. The top performing market during the
last year was Midland, TX, with appreciation of 4.7%. The worst real estate
market during that period was Carson City, NV, with appreciation of -18.1%.
The median appreciation for all markets during this period was -2.61%. The
average appreciation was -2.93%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2011, Elkhart Home Prices
ranked 200, with a total appreciation of -7.6%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 23%. The
worst market during that period was Merced, CA, with appreciation of -62%.
The median appreciation for all cities during this time period was -7%. The
average appreciation over the 5 years was -11%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2011, Elkhart Home Prices had
a rank of 330, with appreciation during the decade of 7%. The top performing
market during the period was Midland, TX, with appreciation of 92%. The worst
real estate market during the 10 year time period was Detroit, MI, with
appreciation of -29%.
The median appreciation for all markets during the last 10 years was 24%. The
average appreciation for the cities over that time frame was 25%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2011, Elkhart Home Prices had
a rank of 279, with total appreciation over the 20 year period of 64%. The top
performing real estate market during the period was Casper, WY, with
appreciation of 222%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 5%.
The median appreciation for all cities during the last 20 years was 85%. The
average appreciation for the markets over that time frame was 87%.

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 appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)




























































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