Real Estate in South bend, IN
Updated 2026 • Housing market data from 14 zip codes • Redfin data through January 2026
📊 South bend, IN Market Activity
The South bend housing market shows a median sale price of $181,700, 10.0% higher than last year. The price per square foot is $127, below the national median of ~$215/sqft, up 2.0% year-over-year. Homes in South bend spend a median of 33 days on market, faster than the national median of 42 days — indicating strong buyer demand.
🏘️ South bend Rental Market
The average rent in South bend, IN is $1,660 per month. A 2-bedroom apartment rents for approximately $1,282/month, while a 3-bedroom home averages $1,723/month.
📦 South bend Housing Supply & Demand
There are 393 new listings and 275 active properties on the market.
🏆 South bend Market Competitiveness
Homes in South bend sell for an average of 98.0% of their asking price. About 14% of properties sell above list price, indicating relatively low bidding pressure.
On average, homes sell for 98.0% of the asking price
14% of sales closed above asking, % at or below
📋 Housing Overview
South bend, IN Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 187400, the balance between renting (41%) and owning (59%), and a population of 103110 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $187,400 and average rents of $1,660/month, the median household income of $49,056 provides context for affordability in South bend. Whether you're looking to buy property in South bend or invest in South bend real estate, understanding the price-to-rent ratio helps determine if renting or owning makes more financial sense for your situation. A 2-bedroom apartment rents for approximately $1,282/month, while a 3-bedroom house averages $1,723/month.
Economy & What Drives South bend Real Estate
Real estate values in South bend, IN are driven by local employment, school quality, and quality of life. The cost of living index of 67.8 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $49,056, residents have moderate purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across South bend neighborhoods.
Pros & Cons
Pros
- •Access to Notre Dame events
- •Supportive educational programs
- •Strong local community vibe
- •Family-friendly activities abound
- •Developing arts scene
- •Affordable cost of living
- •Low housing prices
- •Plenty of parks and trails
- •Growing job market in tech
- •Diverse food options available
Cons
- •Harsh winter weather conditions
- •Few job opportunities for grads
- •Some socio-economic struggles
- •Higher crime rates reported
- •Limited nightlife options
- •Limited shopping destinations
- •Public transport is lacking
- •Not very walkable city
- •Racial tensions in some areas
- •Schools can be underfunded
Frequently Asked Questions
What is the cost of living in South bend, IN? ▼
The cost of living in South bend, IN is 32% lower than the national average, with a cost of living index of 68 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in South bend, IN? ▼
In South bend, IN, The median home price is $187,400. requiring approximately $83,014 annual income to afford. Average rent is $1,660/month (requiring ~$66,409/year income). The local median household income is $49,056, making homeownership attainable for typical residents. Explore South bend real estate data →
Is South bend, IN a safe place to live? ▼
South bend, IN is an area where crime rates exceed the national average. The crime rate is 53.4 per 1,000 residents. Safety varies significantly by neighborhood. View detailed South bend crime statistics →
What salary do you need to live comfortably in South bend, IN? ▼
To live comfortably in South bend, IN and afford a median-priced home of $187,400, you would typically need a household income of $46,850 to $58,562 per year. The local median household income is $49,056. Renting requires approximately $66,409/year (at $1,660/month). See full affordability analysis →
Is South bend, IN growing? ▼
South bend, IN has a population of 103,110. As a mid-to-large city, population trends depend on local housing development, job growth, and quality of life factors. The affordable housing market and competitive job market shape migration patterns. See South bend population demographics →
What are the best neighborhoods in South bend, IN? ▼
The best neighborhoods in South bend, IN depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $187,400 is below the national average. Explore South bend on our interactive map →
What is the commute like in South bend, IN? ▼
Commute times in South bend, IN vary by neighborhood and workplace location. As a mid-size community, most residents rely on personal vehicles, though public transit options may be available. The affordable cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in South bend, IN? ▼
Tax rates in South bend, IN include state and local components. The cost of living index of 68 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed South bend tax information →
How does South bend, IN compare to nearby cities? ▼
South bend, IN offers a more affordable alternative to nearby communities. With a cost of living index of 68, median home prices of $187,400, and a crime rate of 53.4 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in South bend, IN? ▼
Weather in South bend, IN varies by season. Climate data varies by season. View detailed South bend climate & environment data →
Is it better to rent or buy in South bend, IN? ▼
With a median home price of $187,400 and average rents of $1,660/month, the price-to-rent ratio in South bend is 9.4x. This favors buying, as monthly mortgage payments may be comparable to or lower than rent. See full cost analysis →
What is the price per square foot in South bend, IN? ▼
The median price per square foot in South bend is $127, which is 41% below the national median of ~$215/sqft. This reflects the area's demand, construction costs, and proximity to employment centers.
How fast do homes sell in South bend, IN? ▼
Homes in South bend spend a median of 33 days on market before going under contract. This indicates homes sell faster than the national median of 42 days, indicating healthy demand. View full market data →
Explore More About South bend, IN
📅 Last Updated: January 2026
Sources: U.S. Census Bureau, Zillow, Redfin