What is the rental yield in Terrace Park, Goshen, Indiana?

The gross yield in Terrace Park, Goshen, Indiana is 4.5. That comes with prices about 1% above the city median and 15% below the state median, a Red Flag score of 80, and walkability of 45.

How have home prices changed in Terrace Park, Goshen, Indiana?

Home prices in Terrace Park, Goshen, Indiana declined over the past year by 5.1. The neighborhood is about 1% above the city median and 15% below the state median, with a gross yield of 4.5 and education in the 35th percentile.

How does Terrace Park compare with Goshen and Indiana?

Terrace Park, Goshen, Indiana is about 1% above the city median and 15% below the state median on price. It also has a gross yield of 4.5, a Red Flag score of 80, walkability of 45, and education in the 35th percentile.

What are the walkability and education scores in Terrace Park, Goshen, Indiana?

Terrace Park, Goshen, Indiana has walkability of 45 and education in the 35th percentile. Those scores sit alongside a gross yield of 4.5, prices about 1% above the city median and 15% below the state median, and a Red Flag score of 80.

Neighborhood

Terrace Park

Goshen, Indiana US

Terrace Park, Goshen, Indiana has a mixed investment profile, with a gross yield of 4.5, prices about 1% above the city median and 15% below the state median. Prices declined over the past year by 5.1, while the Red Flag score is 80, indicating elevated overall risk. Walkability is 45, and education is in the 35th percentile, a lower school-district test-score reading.

AI Summary•Updated May 2026

Area

5.85 mi²

ZIP Code

46528

County

Elkhart County

State

Indiana

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$293,413

YoY-5.1%

Gross Rental Yield

4.5%

Listed rent · ZORI annualized

Red Flag Index

Very High

80 / 100

Walkability Score

Car-Dependent

OpenStreetMap POI density · national percentile

Education Score

35 / 100

Limited · better than 35% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Limited

DistrictScore attractiveness · national model

Terrace Park Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Terrace Park, Goshen.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$293,413	-5.1%
Price / Sq Ft (Verified)	$140/sqft	+1.1%
Asking Rent (Median)	$1,095/mo	—
Gross Rental Yield	4.5%	—
Liquidity Score	24 / 100	Low
Homes Sold (Period)	54	-38.6%

Is Terrace Park Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Indiana crime context.

Red Flag Breakdown

80 / 100

Very High Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Tornado100Very High

Strong Wind100Very High

Hail100Very High

Flood80Very High

Wildfire80Very High

Earthquake80Very High

Hurricane60High

Heat60High

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Indiana averaged 16.9 crimes and 3.1 violent per 1,000 residents (-9.4% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Active transaction volume — 54 homes sold last period

Tornado risk is Very High (100/100)

Strong Wind risk is Very High (100/100)

Insights are generated from Terrace Park's live DistrictScore metrics.

Terrace Park Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Indiana-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

7.2 µg/m³ Meets EPA, above WHO guideline-21.0% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Terrace Park centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 84% of U.S. neighborhoods.

Indiana Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	16.9	3.1	-9.4%
2023	18.8	3.4	+3.3%
2022	18.3	3.1	-2.6%
2021	18.9	3.3	-11.2%
2020	21.4	3.6	-7.4%
2019	23.2	3.7	—

Reported at the state level — the finest official US crime aggregation; Terrace Park inherits the Indiana figures.

Radon Potential

EPA

Zone 1

Zone 1 — Highest potential · Terrace Park

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Superfund (NPL)0.8 kmVery High

Industrial odor2 nearbyVery High

Point-source screening near Terrace Park: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Terrace Park

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

45

Car-Dependent

Walkability Score

10

Grocery

20

Dining

4

Schools

1

Universities

5

Hospitals

1

Pharmacies

10

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Terrace Park's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Terrace Park vs Goshen vs Indiana

How Terrace Park benchmarks against its city and state medians.

Benchmark vs City & State

Across Terrace Park, the median sale price sits in line with the median for Goshen neighborhoods and about 15% below the statewide median. Gross rental yield is 4.5%, against 4.4% for Goshen neighborhoods and 6.2% statewide. Over the past 12 months, prices fell 5.1%. Transaction liquidity sits in line with the median for Goshen neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Terrace Park	$140/sqft	4.5%	24
Goshen	$139/sqft	4.4%	25
Indiana	$166/sqft	6.2%	33

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Compare Terrace Park against Goshen and Indiana medians — free with a DistrictScore account.

Buying Property in the US as a Foreigner

Federal & Indiana tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.76% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 3.0%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: none statewide (local tax may apply).

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Indiana property-tax guidance for foreign buyers

Latest Goshen Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Terrace Park Real Estate FAQ

Terrace Park, Goshen, Indiana shows a gross yield of 4.5 and prices about 1% above the city median and 15% below the state median. Prices declined over the past year by 5.1, and the Red Flag score is 80, which points to elevated overall risk.

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