South Bend housing market
Typical home value
$238K
▲ 6.3% 1 yr
Typical rent
$1,258/mo
▲ 1.8% 1 yr
12-month forecast
+3.9%
#58 of 546 metros
Gross rent yield
6.4%
#207 of 546 · U.S. 6.3%
Days to pending
37 days
■ 0 days 1 yr
Listings with a price cut
30%
▲ +3.0 pts 1 yr
Key takeaways
- 1The typical home is worth $237,622, up 6.3% in a year and up 37% over five years.
- 2Zillow forecasts home values rising 3.9% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,258/mo (+1.8% YoY), a 6.4% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,306/mo in principal and interest, $48 more than renting.
- 5Homes go under contract in 37 days (0 days vs last year); 30% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 46/100, #197 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How South Bend compares
| Measure | South Bend | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +6.3% | +1.2% | #30 |
| Home value, 5-yr change | +36.6% | +19.7% | |
| 12-month forecast | +3.9% | +1.1% | #58 |
| Rent, 1-yr change | +1.8% | +2.7% | #425 |
| Gross rent yield | 6.4% | 6.3% | #207 |
| Price-to-rent ratio | 15.7 | 15.8 | |
| Mortgage P&I on typical home | $1,306 | $2,012 | |
| Income needed to buy | $66,786 | $100,902 | |
| Days to pending | 37 | 56 |
Cities in the South Bend metro
2 cities with home value and rent data.
| South Bend | $198K | ▲ 7.3% | $1,269 | ▲ 1.8% | 7.7% |
| Mishawaka | $213K | ▲ 5.8% | $1,196 | ▼ 0.7% | 6.7% |
Run the numbers
Rental property calculator
Cash flow on a typical South Bend rental ($238K, $1,258/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical South Bend home.
Rent vs buy
Is it cheaper to rent or buy in South Bend?
Other Indiana metros
Indianapolis, IN
$292K home$1,528 rent6.3% yield
▲ 1.0% 1 yr
Fort Wayne, IN
$257K home$1,266 rent5.9% yield
▲ 3.6% 1 yr
Evansville, IN
$225K home$1,098 rent5.8% yield
▲ 3.9% 1 yr
Lafayette, IN
$283K home$1,473 rent6.2% yield
▲ 2.9% 1 yr
Elkhart, IN
$266K home$1,182 rent5.3% yield
▲ 5.5% 1 yr
Terre Haute, IN
$166K home$977 rent7.1% yield
▲ 1.4% 1 yr
Bloomington, IN
$297K home$1,746 rent7.1% yield
▲ 1.6% 1 yr
Muncie, IN
$169K home$1,043 rent7.4% yield
▲ 4.3% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.