South Bend-Mishawaka
Indiana · Ranked #64 of 373 metros
89Affordable
💡
Housing in South Bend-Mishawaka costs 3.07× the median income, below the national average of 4.5×. The median home price is $202K and median rent is $1,058/month. South Bend-Mishawaka ranks #64 of 373 metros for affordability.
Median Home Price
🏠$202K
Need $60K income
Median Rent
🔑$1,058
Need $42K income
Building Permits
🔨892
annual
Median Income
💰$66K
Pop: 326,109
Rent Burden
⚠️24.7%
of renters paying >30%
Homeownership
🏡71.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | South Bend-Mishawaka | National |
|---|---|---|
| Price-to-Income Ratio | 3.07x | 6.1x |
| Rent Burden | 24.7% | 31.5% |
| Homeownership Rate | 71.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$898/mo
1 Bedroom$1,105/mo
2 Bedroom$1,292/mo
3 Bedroom$1,567/mo
4 Bedroom$1,711/mo
Zillow Market Data
Home Value (ZHVI)
$225K
1yr: +4.2%5yr: +43.2%
Rent (ZORI)
$1,388/mo
1yr: +4.3%5yr: +43.2%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$218K
Active Inventory
500
Days on Market
43
Sold Above List
25.5%
Price Drops
28.0%