South Bend, IN
St. Joseph County · Pop. 103,453
Ranked #7 of 243 cities
62Moderate
Median Home Price
🏠$140K
3.0% YoY
Median Rent
🔑$900
2.0% YoY
Median Income
💰$38K
Rent Burden
📊30.0%
% of income to rent
Income to Buy
🏦$40K
annual income needed
Income to Rent
📝$36K
annual income needed
Price-to-Income
⚖️3.7x
Homeownership
🏡50.0%
Rent vs. Buy
Buy
$745/mo
Est. mortgage (7%, 20% down)
Need $40K/yr income
Rent
$900/mo
Median rent
Need $36K/yr income
How South Bend Compares
| Metric | South Bend | Indiana | National |
|---|---|---|---|
| Home Price | $140K | $226K | $410K |
| Rent | $900 | $1,044 | $1,500 |
| Income | $38K | $69K | $75K |
| Rent Burden | 30.0% | 28.0% | 30.0% |
Key Takeaways
- • Home prices in South Bend are 66% lower than the national average.
- • Rent is 40% lower than the national average.
- • You need an income of $40K to comfortably buy a home here.
- • The homeownership rate is 50.0%, compared to 65.0% nationally.