Market Overview
Home Prices in Mishawaka, IN
The median home value in Mishawaka, IN is $217,102 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mishawaka are priced47% below average. Mishawaka is part of the South Bend-Mishawaka, IN-MI metro area.
Over the past five years, Mishawaka home values have risen by approximately34.4%, reflecting strong long-term appreciation in this market.
Price History
Mishawaka Home Price Trend
City Comparison
Mishawaka vs. National Median
At $217,102, homes in Mishawaka cost 47% below the national median of $410,000. This makes Mishawaka a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mishawaka?
20% Down Payment
$43,420
on $217,102
Monthly P&I
$1,132/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,438/mo
incl. taxes & insurance
Income Needed
$57,520
gross annual (30% rule)
10% Down Option
$21,710
+ PMI applies
Loan Amount (20% dn)
$173,682
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Mishawaka, IN?
The median home value in Mishawaka is $217,102 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in Mishawaka?
Over the past year, home values in Mishawaka have increased by 5.2%. Over five years, prices have risen approximately 34.4%.
How much do I need to earn to buy a home in Mishawaka?
To comfortably afford the median home price of $217,102 with a 20% down payment ($43,420) at today's rates (6.8%), you'd need a gross annual income of approximately $57,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Mishawaka compare to the national average home price?
The national median home value is approximately $410,000. At $217,102, homes in Mishawaka are 47% below the national average.
What metro area is Mishawaka part of?
Mishawaka is part of the South Bend-Mishawaka, IN-MI metropolitan area. Home prices and market conditions can vary across the broader metro region.