What is the Best Neighborhoods USA ranking for Tipton Area?
Tipton Area is ranked #42 of 43 eligible neighborhoods in Elkhart; #598 of 656 eligible neighborhoods in IN; and #12,781 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Tipton Area
Elkhart, IN | Elkhart County
Scored premium profile
Best Neighborhoods USA Index
33.3
Stability and Strength
22.3
Value Opportunity
8.0
Momentum
86.5
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Elkhart, IN |
| County | Elkhart County |
| National rank | #12,781 of 14,967 |
| State rank | #598 of 656 |
| City rank | #42 of 43 |
| County rank | #58 of 59 |
| National percentile | 14.6 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $130,237 |
| Year-over-year home value change | 4.5% |
| Month-over-month home value change | 0.81% |
| Home value to income ratio | 2,937.36 |
| Median household income | $44 |
| Bachelor's degree or higher | 27.2% |
| Civilian unemployment rate | 13.1% |
| Homeownership rate | 42.3% |
| Housing vacancy rate | 14.7% |
| Rent burden 30% or higher | 31.1% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Tipton Area
Is Tipton Area one of the best neighborhoods in Elkhart?
Tipton Area has a Best Neighborhoods USA Index of 33.3 and a city ranking of #42 of 43 eligible neighborhoods in Elkhart.
How much are homes worth in Tipton Area?
The current Zillow Home Value Index for Tipton Area is approximately $130,237.
Are home values rising or falling in Tipton Area?
Zillow neighborhood values changed 4.5% year over year and 0.81% month over month.
What is the Neighborhood Momentum Score for Tipton Area?
Tipton Area has a Neighborhood Momentum Score of 86.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Tipton Area?
The NDS-derived neighborhood median household income is approximately $44.
How affordable is Tipton Area relative to household income?
The current Zillow home-value-to-household-income ratio is 2,937.36. Price-to-income affordability is a major Value Opportunity input.
Is Tipton Area primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 42.3%.
What is the unemployment rate in Tipton Area?
The NDS-derived civilian unemployment rate is approximately 13.1%.
How educated are residents of Tipton Area?
Approximately 27.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Tipton Area face high rent burden?
Approximately 31.1% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Tipton Area?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications18
Estimated originations11
Home-purchase applications7
Origination rate61.4%
Home-purchase share39.1%
Average application loan$238,386
Total application loan amount$4,225,423
National application rank#10,995 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 22.2% YoY; originations 9.5% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.