Market Overview
Home Prices in South Bend, IN
The median home value in South Bend, IN is $202,069 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Bend are priced51% below average. South Bend is part of the South Bend-Mishawaka, IN-MI metro area.
Over the past five years, South Bend home values have risen by approximately45.2%, reflecting strong long-term appreciation in this market.
Price History
South Bend Home Price Trend
City Comparison
South Bend vs. National Median
At $202,069, homes in South Bend cost 51% below the national median of $410,000. This makes South Bend a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in South Bend?
20% Down Payment
$40,414
on $202,069
Monthly P&I
$1,054/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,339/mo
incl. taxes & insurance
Income Needed
$53,560
gross annual (30% rule)
10% Down Option
$20,207
+ PMI applies
Loan Amount (20% dn)
$161,655
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 South Bend, IN?
The median home value in South Bend is $202,069 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in South Bend?
Over the past year, home values in South Bend have increased by 6.9%. Over five years, prices have risen approximately 45.2%.
How much do I need to earn to buy a home in South Bend?
To comfortably afford the median home price of $202,069 with a 20% down payment ($40,414) at today's rates (6.8%), you'd need a gross annual income of approximately $53,560. This assumes keeping total housing costs at or below 30% of gross income.
How does South Bend compare to the national average home price?
The national median home value is approximately $410,000. At $202,069, homes in South Bend are 51% below the national average.
What metro area is South Bend part of?
South Bend is part of the South Bend-Mishawaka, IN-MI metropolitan area. Home prices and market conditions can vary across the broader metro region.