46540
Middlebury, Indiana.
Middlebury, Elkhart County, IN · Elkhart-Goshen, IN metro · population 12,993
to buy the typical home at today's mortgage rate — +$1,105 (+126%) since Jan 2020.
- 1 year
- Up $21,216 +6%
- $356,300$377,516 since Sep 2025
- 5 years
- Up $86,965 +30%
- $290,551$377,516 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 46540$1,981
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in zip 46540 rose 6.0% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Elkhart County, IN 85% · Lagrange County, IN 15%
Zillow also publishes an index for the city itself: Middlebury, IN — measured over the city limits, which is a different area from this zip.
Typical home value — 46540
Mid-tier homes, smoothed and seasonally adjusted.
- 46540$377,516
- Elkhart$266,456
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 6.0 | 46565 | Shipshewana | 9,014 | — | $411,860 |
| 6.6 | 46528 | Goshen | 26,248 | $1,201 | $309,516 |
| 6.9 | 46507 | Bristol | 9,991 | — | $338,906 |
| 8.1 | 49099 | White Pigeon | 5,942 | — | $239,621 |
| 9.9 | 46543 | Millersburg | 4,741 | — | $420,782 |
| 10.8 | 46571 | Topeka | 6,315 | — | $417,157 |
| 11.1 | 49130 | Union | 1,258 | — | $374,106 |
| 12.6 | 49042 | Constantine | 4,564 | — | $215,914 |
| 12.8 | 46516 | Elkhart | 31,871 | $1,171 | $189,846 |
| 12.8 | 46526 | Goshen | 33,668 | $1,248 | $268,002 |
| 14.7 | 46514 | Elkhart | 42,389 | $1,288 | $250,777 |
| 15.6 | 49061 | Jones | 1,799 | — | $248,890 |
| 15.7 | 46553 | New Paris | 3,828 | — | $308,397 |
| 15.8 | 46517 | Elkhart | 25,433 | $899 | $244,258 |
| 15.9 | 46767 | Ligonier | 9,418 | — | $250,667 |
| 16.6 | 49091 | Sturgis | 19,337 | — | $210,436 |
| 17.1 | 46761 | Lagrange | 12,032 | — | $302,721 |
| 18.1 | 46567 | Syracuse | 9,292 | — | $385,957 |
| 18.3 | 46746 | Howe | 4,697 | — | $264,917 |
| 18.8 | 49095 | Vandalia | 2,432 | — | $349,770 |
| 19.0 | 46794 | Wawaka | 1,066 | — | $236,811 |
| 19.3 | 49112 | Edwardsburg | 10,544 | — | $304,217 |
| 19.4 | 49032 | Centreville | 3,287 | — | $239,255 |
| 19.5 | 46561 | Osceola | 13,996 | — | $295,503 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.