Quick facts: Goshen, IN

Quick Facts

95.3
Cost of Living
below US average
34,375
Population
30.34
Crime Rate per 1000
above US average
$52,233
Median Income
below US average
$250,000
Median House Price
above US average
$1549.29
Average Rent
above US average
10%
Poverty Rate
below US average
4.6%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $52,233.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $250,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $52,233
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Income Needed to Rent

⚠ Stretch
$66k/year
Based on $1549.29/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $66k vs median $52,233
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Goshen, IN

Goshen, Indiana, located in Elkhart County, is a vibrant city known for its rich history and diverse cultural heritage. Nestled in the heart of Amish Country, Goshen is surrounded by beautiful farmland, making it a unique blend of urban and rural life. The city was founded in 1831 and features well-preserved architecture, with a charming downtown area that hosts a variety of shops, restaurants, and local art galleries. One of the highlights of Goshen is its commitment to community events and festivals, including the annual Goshen Fair, which celebrates local produce, crafts, and entertainment. The city also boasts numerous parks and recreational areas, providing ample opportunities for outdoor activities, from hiking and biking to fishing and picnicking. Goshen is home to Goshen College, a private liberal arts institution known for its strong emphasis on sustainability and community engagement. The city has a diverse population and is recognized for its welcoming atmosphere and emphasis on local culture, making it an inviting place for both residents and visitors alike. Whether you're exploring its historic sites or enjoying local cuisine, Goshen offers a unique Midwestern experience.

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