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South Bend, IN—46613

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$113,000
7.6% YoY Growth
Household Income
$41,600
7.2% YoY Growth
Days on Market
43
23.0% Shorter YoY
Home Price Forecast
3.9%
Median Rent
$1,100
8.7% YoY Growth
1-Bed Rent
$700
11.4% YoY Growth
2-Bed Rent
$1,020
2.0% YoY Growth
3-Bed Rent
$1,300
7.5% YoY Growth

Other Zip Codes in South Bend, IN

466174660146628466374661546619466164661446635
  • 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 $113,000, with a year-over-year change of 7.6%. This indicates that home prices in South Bend, IN are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$113,0007.6%
Single Family $113,0007.6%
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
    		$102,0008.5%
    3 Bed
    		$124,0006.9%
    4 Bed
    		$123,0007.9%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.9%
    1 Bedroom
    7.4%
    2 Bedrooms
    36.6%
    3 Bedrooms
    38.8%
    4 Bedrooms
    12.0%
    5+ Bedrooms
    3.4%

    Rental Trends — South Bend, IN

    As of July '25, Rentcast reports the average rent in South Bend, IN is $1,130, with a year-over-year rent change of 8.7%. Per bedroom, the median rent as of July '25 in South Bend, IN is 1-bedrooms: $700, 2-bedrooms: $990, 3-bedrooms: $1,290, 4-bedrooms: $1,400. The most common rental property sizes in South Bend, IN are 2-bedroom and 3-bedroom, accounting for 41.7% and 32.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,100$1,130
    Studio Rent N/AN/A
    1 Bed Rent $700$700
    2 Bed Rent $1,020$990
    3 Bed Rent $1,300$1,290
    4 Bed Rent $1,400$1,400
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    % of Rental Stock

    Studio
    5.0%
    1 Bedroom
    10.8%
    2 Bedrooms
    41.7%
    3 Bedrooms
    32.7%
    4 Bedrooms
    6.9%
    5+ Bedrooms
    3.0%

    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 43. This is a decrease of -23.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$115,000-17.0%
    Listing Count
    		50-18.0%
    Listings as % of Homes0.5%-18.0%
    Days on Market
    		43-23.0%
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    Demographics — South Bend, IN

    As of the latest ACS Survey released in 2023, South Bend, IN has a population of 11,700, which has increased by 6.8% over the past 5 years. South Bend, IN is a popular place for families, as children make up 33.6% of the population. The area has a poorly educated workforce, with 13.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		11,7006.8%
    % Under 18
    		33.6%26.8%
    % Seniors
    		9.1%23.0%
    % WFH
    		8.4%200.0%
    % w/ College Degree
    		13.1%4.0%
    Loading chart...

    As of the latest ACS Survey released in 2023, South Bend, IN is a predominantly white area, with 41.2% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in South Bend, IN is hispanic, making up 24.0% of the population. Foreign-born residents account for 8.9% of the population in South Bend, IN, and this percentage has decreased by 10.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		41.2%-8.4%
    % Black
    		23.0%-18.1%
    % Hispanic
    		24.0%18.8%
    % Asian
    		1.6%14.3%
    % Foreign Born
    		8.9%-10.1%
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    Mortgage and Risk — South Bend, IN

    According to HUD data as of 2023, there were 189 mortgage originations in South Bend, IN, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in South Bend, IN. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		189
    % Conventional Loans
    		69.0%
    % Government Loans
    		31.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — South Bend, IN

    As of 2024, the percent of homes in South Bend, IN under the Section 8 program is 17.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In South Bend, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		377
    Total Units Section 8
    		336
    % Rentals under Section 8
    		17.8%
    % Occupied Section 8
    		89.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$250$700$950
    2 Bedroom$90$1,020$1,110
    3 Bedroom$70$1,300$1,370
    4 Bedroom$70$1,400$1,470

    Affordability — South Bend, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.1
    Median Home Price$113,000
    Median Household Income$41,600

    South Bend, IN — ZIP Code Boundary Map

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    Frequently Asked Questions