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Elnora

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

Median Home$159,700
Median Rent$525/month
Population640
Leading IndustriesWholesale Trade · Manufacturing · Transportation13% wholesale trade
Home Value Growth⬆⬆+20.1% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners75% of occupied units
NotableAffordable Market$160k median home · lower cost than 70% of the country
Elnora
IN

Frequently Asked Questions

What are today's mortgage rates in Elnora?

As of today, the 30-year fixed mortgage rate for Elnora 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 Elnora?

The median home value in Elnora is $160k. The median monthly rent is $525. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Elnora?

Home values in Elnora have increased 20.1% over the past two years. This indicates a strong appreciation trend. 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 Elnora?

Based on a typical all-in ownership cost of $758/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Elnora is $70k/year.

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What industries drive the economy in Elnora?

The largest employment sectors in Elnora are public administration (19%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.