Elkhart Lake is a village in northwestern Sheboygan County, Wisconsin, United States. The population was 941 at the 2020 census. It is located within the Town of Rhine and is included in the Sheboygan, Wisconsin metropolitan area. Elkhart Lake may be best known for hosting road races on public county roads during the 1950s, later moving to a dedicated …Elkhart Lake is a village in northwestern Sheboygan County, Wisconsin, United States. The population was 941 at the 2020 census. It is located within the Town of Rhine and is included in the Sheboygan, Wisconsin metropolitan area. Elkhart Lake may be best known for hosting road races on public county roads during the 1950s, later moving to a dedicated race track called Road America, which is located a few miles south of the village.