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South Bend, IN—46601

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$156,000
4.1% YoY Growth
Household Income
$27,100
44.7% YoY Growth
Days on Market
70
25.0% Shorter YoY
Home Price Forecast
3.4%
Median Rent
$1,050
21.0% YoY Growth
1-Bed Rent
$800
2.7% YoY Growth
2-Bed Rent
$1,050
51.8% YoY Growth
3-Bed Rent
$1,280
13.5% YoY Growth

Other Zip Codes in South Bend, IN

466174661346628466374661546619466164661446635
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — South Bend, IN

As of May '26, the median home price in South Bend, IN is $156,000, with a year-over-year change of 4.1%. This indicates that home prices in South Bend, IN are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$156,0004.1%
Single Family $156,0004.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$159,0006.7%
    4 Bed
    		$175,0007.4%
    5 Bed $185,4621.0%
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    % of Housing Stock

    Studio
    9.8%
    1 Bedroom
    39.7%
    2 Bedrooms
    20.9%
    3 Bedrooms
    19.9%
    4 Bedrooms
    7.4%
    5+ Bedrooms
    2.3%

    Rental Trends — South Bend, IN

    As of July '25, Rentcast reports the average rent in South Bend, IN is $1,270, with a year-over-year rent change of 21.0%. Per bedroom, the median rent as of July '25 in South Bend, IN is studios: $776, 1-bedrooms: $924, 2-bedrooms: $1,480, 3-bedrooms: $1,430. The most common rental property sizes in South Bend, IN are 1-bedroom and 2-bedroom, accounting for 44.2% and 24.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,050$1,270
    Studio Rent $800$776
    1 Bed Rent $800$924
    2 Bed Rent $1,050$1,480
    3 Bed Rent $1,280$1,430
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    14.7%
    1 Bedroom
    44.2%
    2 Bedrooms
    24.6%
    3 Bedrooms
    13.9%
    4 Bedrooms
    1.4%
    5+ Bedrooms
    1.1%

    Property Listings — South Bend, IN

    As of May '26, Realtor.com reports that the median days on market for a home in South Bend, IN is 70. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$275,000-3.0%
    Listing Count
    		7-4.0%
    Listings as % of Homes0.1%-4.0%
    Days on Market
    		70-25.0%
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    Demographics — South Bend, IN

    As of the latest ACS Survey released in 2023, South Bend, IN has a population of 4,930, which has decreased by -17.8% over the past 5 years. South Bend, IN is a moderately popular place for families, as children make up 18.7% of the population. The area has a poorly educated workforce, with 22.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,930-17.8%
    % Under 18
    		18.7%-21.1%
    % Seniors
    		15.2%38.2%
    % WFH
    		10.7%970.0%
    % w/ College Degree
    		22.5%23.6%
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    As of the latest ACS Survey released in 2023, South Bend, IN is a predominantly white area, with 52.7% of the population identifying as white. The white population has grown by 26.4% in the last 5 years. The second most common race or ethnicity in South Bend, IN is black, making up 29.8% of the population. Foreign-born residents account for 5.0% of the population in South Bend, IN, and this percentage has increased by 85.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		52.7%26.4%
    % Black
    		29.8%-36.7%
    % Hispanic
    		9.3%57.6%
    % Asian
    		0.4%-20.0%
    % Foreign Born
    		5.0%85.2%
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    Mortgage and Risk — South Bend, IN

    According to HUD data as of 2023, there were 26 mortgage originations in South Bend, IN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in South Bend, IN. Investor activity is low, as 4.0% of loans were by investors. 31.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		26
    % Conventional Loans
    		81.0%
    % Government Loans
    		19.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		4.0%
    % Cash Out Refinance
    		31.0%
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    Rentals and Section 8 — South Bend, IN

    South Bend, IN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		839
    Total Units Section 8
    		608
    % Rentals under Section 8
    		38.5%
    % Occupied Section 8
    		90.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$10$800$790
    2 Bedroom-$120$1,050$930
    3 Bedroom-$130$1,280$1,150
    4 BedroomN/AN/A$1,230

    Affordability — South Bend, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5
    Median Home Price$156,000
    Median Household Income$27,100

    South Bend, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions