South Bend, Indiana Real Estate Market Analysis

dynamic.RE

South Bend, Indiana

15 ZIPs in this city:46601 46613 46614 46615 46616 46617 46619 46624 46626 46628 46634 46635 46637 46660 46680

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-11.9%

Faster

Price vs US

61%

Below avg

Median Listing Price

$281K

Population

148,934

Households

60,647

Median Days on Market

Active Listings

314

New Listings

252

Housing Market

Pricing

Median Listing Price

$281K+10.9% YoY

Average Listing Price

$353K+6.6% YoY

Price per Sq Ft

$166.755+7.5% YoY

Median Sq Ft

1,676-1.2% YoY

Inventory

Active Listings

314+14.6% YoY

New Listings

252+14.5% YoY

Total Listings

591+8.4% YoY

Buyer Competition

Pending Listings

281+3.3% YoY

Pending Ratio

0.90-9.5% YoY

Median Days on Market

42-5.8% YoY

Price Reduced

16.9%-6.3% YoY

Units & Occupancy

2024 Occupancy

119Kunits

Occupied107,25290.4%
Vacant11,3289.6%

2024 Tenure

107Koccupied

Owner74,02269.0%
Renter33,23031.0%

Renter Share

31.0%-0.6% YoY

Total Housing Units

118,580+0.2% YoY

FY2026 Fair Market Rent — St. Joseph County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$898

/month

1 BR

$1,105

/month

2 BR

$1,292

/month

3 BR

$1,567

/month

4 BR

$1,711

/month

FMR Trends — St. Joseph County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

148,934+0.1% YoY

2024 Age Mix

149Kresidents

Under 1835,23623.7%
Adults 18–6487,90959.0%
65 & Over25,78917.3%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

37.63+0.8% YoY

Population Under 18

35,236-0.3% YoY

Population 65 & Over

25,789+3.0% YoY

Households & Mobility

Total Households

60,6470.0% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.41+0.3% YoY

2024 Residential Mobility

of residents

Same house88.0%
Moved (within US)11.4%
Other0.6%

Veterans

5.7%-2.0% YoY

Income & Poverty

Median Household Income

$63K+4.1% YoY

Per-Capita Income

$35K+2.6% YoY

Mean Household Income

$84K+3.1% YoY

Below Poverty Level

17.2%-3.2% YoY

Commuting

2024 Commute Mode

of workers

Drove alone74.3%
Public transit1.4%
Worked from home10.4%
Other13.8%

Worked From Home

10.4%+12.2% YoY

Mean Commute

20.49+0.6% YoY

Units & Tenure

Total Housing Units

68,769+0.3% YoY

2024 Occupancy

69Kunits

Occupied60,64788.2%
Vacant8,12211.8%

2024 Tenure

61Khouseholds

Owner41,13267.8%
Renter19,51532.2%

Avg Household Size — Owner

2.45+0.4% YoY

Avg Household Size — Renter

2.33-0.1% YoY

County Demographics

Median Age

36.72024

Population

St. Joseph County Population

273,7440.0% YoY

Households

Total Households

107,252+0.2% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.440.0% YoY

Age

2024 Age Mix

273Kresidents

Under 1863,30323.2%
Adults 18–64163,71460.0%
65 & Over46,02316.9%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

63,303-0.4% YoY

Population 65 & Over

46,023+2.2% YoY

Median Age

36.700.0% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house87.4%
Moved (within US)12.0%
Other0.6%

Veterans

5.5%-6.8% YoY

County Economy

Income

Median Household Income

$67K+3.1% YoY

Per-Capita Income

$37K+3.1% YoY

Mean Household Income

$92K+3.2% YoY

Poverty

Below Poverty Level

14.2%-2.7% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone74.7%
Public transit1.0%
Worked from home10.7%
Other13.6%

Worked From Home

10.7%+10.3% YoY

Mean Commute

21.10-0.9% YoY

South Bend, Indiana

15 ZIPs in this city:46601 46613 46614 46615 46616 46617 46619 46624 46626 46628 46634 46635 46637 46660 46680

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-11.9%

Faster

Price vs US

61%

Below avg

Median Listing Price

$281K

Population

148,934

Households

60,647

Median Days on Market

Active Listings

314

New Listings

252

Housing Market

Pricing

Median Listing Price

$281K+10.9% YoY

Average Listing Price

$353K+6.6% YoY

Price per Sq Ft

$166.755+7.5% YoY

Median Sq Ft

1,676-1.2% YoY

Inventory

Active Listings

314+14.6% YoY

New Listings

252+14.5% YoY

Total Listings

591+8.4% YoY

Buyer Competition

Pending Listings

281+3.3% YoY

Pending Ratio

0.90-9.5% YoY

Median Days on Market

42-5.8% YoY

Price Reduced

16.9%-6.3% YoY

Units & Occupancy

2024 Occupancy

119Kunits

Occupied107,25290.4%
Vacant11,3289.6%

2024 Tenure

107Koccupied

Owner74,02269.0%
Renter33,23031.0%

Renter Share

31.0%-0.6% YoY

Total Housing Units

118,580+0.2% YoY

FY2026 Fair Market Rent — St. Joseph County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$898

/month

1 BR

$1,105

/month

2 BR

$1,292

/month

3 BR

$1,567

/month

4 BR

$1,711

/month

FMR Trends — St. Joseph County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

148,934+0.1% YoY

2024 Age Mix

149Kresidents

Under 1835,23623.7%
Adults 18–6487,90959.0%
65 & Over25,78917.3%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

37.63+0.8% YoY

Population Under 18

35,236-0.3% YoY

Population 65 & Over

25,789+3.0% YoY

Households & Mobility

Total Households

60,6470.0% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.41+0.3% YoY

2024 Residential Mobility

of residents

Same house88.0%
Moved (within US)11.4%
Other0.6%

Veterans

5.7%-2.0% YoY

Income & Poverty

Median Household Income

$63K+4.1% YoY

Per-Capita Income

$35K+2.6% YoY

Mean Household Income

$84K+3.1% YoY

Below Poverty Level

17.2%-3.2% YoY

Commuting

2024 Commute Mode

of workers

Drove alone74.3%
Public transit1.4%
Worked from home10.4%
Other13.8%

Worked From Home

10.4%+12.2% YoY

Mean Commute

20.49+0.6% YoY

Units & Tenure

Total Housing Units

68,769+0.3% YoY

2024 Occupancy

69Kunits

Occupied60,64788.2%
Vacant8,12211.8%

2024 Tenure

61Khouseholds

Owner41,13267.8%
Renter19,51532.2%

Avg Household Size — Owner

2.45+0.4% YoY

Avg Household Size — Renter

2.33-0.1% YoY

County Demographics

Median Age

36.72024

Population

St. Joseph County Population

273,7440.0% YoY

Households

Total Households

107,252+0.2% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.440.0% YoY

Age

2024 Age Mix

273Kresidents

Under 1863,30323.2%
Adults 18–64163,71460.0%
65 & Over46,02316.9%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

63,303-0.4% YoY

Population 65 & Over

46,023+2.2% YoY

Median Age

36.700.0% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house87.4%
Moved (within US)12.0%
Other0.6%

Veterans

5.5%-6.8% YoY

County Economy

Income

Median Household Income

$67K+3.1% YoY

Per-Capita Income

$37K+3.1% YoY

Mean Household Income

$92K+3.2% YoY

Poverty

Below Poverty Level

14.2%-2.7% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone74.7%
Public transit1.0%
Worked from home10.7%
Other13.6%

Worked From Home

10.7%+10.3% YoY

Mean Commute

21.10-0.9% YoY