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Elberfeld

Learn about the people, housing, costs and businesses in Elberfeld, Indiana

Median Home$174,700
Median Rent$830/month
Population693
Leading IndustriesRetail · Manufacturing · Agriculture & Mining21% retail
Home Value Growth+6.9% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners92% of occupied units
NotableHigh Incomes$87k/year · top 27% nationally
Elberfeld
IN

Frequently Asked Questions

What are today's mortgage rates in Elberfeld?

As of today, the 30-year fixed mortgage rate for Elberfeld is approximately 7.059% (7.101% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Elberfeld?

The median home value in Elberfeld is $175k. The median monthly rent is $830. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Elberfeld?

Home values in Elberfeld have increased 6.9% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Elberfeld?

Based on a typical all-in ownership cost of $1,002/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Elberfeld is $87k/year.

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What industries drive the economy in Elberfeld?

The largest employment sectors in Elberfeld are retail (21%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.