Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$237,622+6.3% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$51,511About 0.8× the local median income ($65,368): affordable for a typical household
Days on market47 daysAbout the same pace as a year ago
Next 12 months+3.9%Zillow expects prices to rise slightly
The typical home in South Bend-Mishawaka, IN-MI is worth $237,622, up 6.3% from a year ago. That is well above what local incomes have historically supported: fair value is about $180,757, so the area is 31.5% overvalued. It is a balanced market: homes take about 47 days to sell, listings are up 22% from a year ago, 26% of listings have had a price cut. Zillow expects prices to rise about 3.9% over the next year. A household needs about $51,511 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $65,368. Typical rent is $1,258 a month, or $1,409 for a house. In the latest IRS figures, 655 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$237,622
Change in 1 year
+6.3%
Overvalued %
+31.5%
Show 7 more
Fair home value
$180,757
Change in 5 years
+36.6%
Zillow forecast, next 12 months
+3.9%
Home value to income
3.6×
Monthly mortgage payment (20% down)
$1,288
Income needed to afford it
$51,511
Property tax rate
0.89%
Rent and investing
Typical rent
$1,258
Typical rent for houses
$1,409
Price-to-rent ratio
15.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,247
Gross rental yield
6.35%
Cap rate (estimate)
4.13%
Market activity
Listings vs a year ago
+21.6%
Days on market
47
Listings with a price cut
26.0%
Show 3 more
Homes for sale
879
Pending sales per 100 listings
43
Asking price per sq ft
$171
People and jobs
Median household income
$65,368
Population change (1 year)
+0.0%
Unemployment rate
5.2%
Show 4 more
Population
324,538
Income adjusted for cost of living
$70,364
Net moves in (IRS)
−655
Cost of living (US = 100)
92.9
Schools, risk and environment
School rating (1 to 10)
5.0
FEMA hazard risk score (0 to 100)
79.7
Unhealthy air days a year
6
Show 4 more
Flood risk score
80.7
Wildfire risk score
21.7
Walkability (1 to 20)
7.0
Road, rail and air noise
53 dB
Questions people ask
Is South Bend-Mishawaka, IN-MI overvalued?
Home prices in South Bend-Mishawaka, IN-MI are well above what local incomes have historically supported: fair value is about $180,757, so the area is 31.5% overvalued.
Is South Bend-Mishawaka, IN-MI a buyer's or seller's market?
South Bend-Mishawaka, IN-MI is a balanced market: homes take about 47 days to sell, listings are up 22% from a year ago, 26% of listings have had a price cut.
Are home prices going down in South Bend-Mishawaka, IN-MI?
Home values in South Bend-Mishawaka, IN-MI are up 6.3% over the last year. Zillow's forecast for the next 12 months is +3.9%.
How much do you need to earn to buy a home in South Bend-Mishawaka, IN-MI?
A household needs about $51,511 a year to afford the typical home in South Bend-Mishawaka, IN-MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $65,368.