Market Overview
Home Prices in South Bend, NE
The median home value in South Bend, NE is $401,808 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.5% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Bend are priced2% below average. South Bend is part of the Omaha-Council Bluffs, NE-IA metro area.
Over the past five years, South Bend home values have risen by approximately35.7%, reflecting strong long-term appreciation in this market.
Price History
South Bend Home Price Trend
City Comparison
South Bend vs. National Median
At $401,808, homes in South Bend cost 2% 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
$80,362
on $401,808
Monthly P&I
$2,096/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,662/mo
incl. taxes & insurance
Income Needed
$106,480
gross annual (30% rule)
10% Down Option
$40,181
+ PMI applies
Loan Amount (20% dn)
$321,446
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, NE?
The median home value in South Bend is $401,808 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.5% year-over-year.
How much have home prices changed in South Bend?
Over the past year, home values in South Bend have increased by 10.5%. Over five years, prices have risen approximately 35.7%.
How much do I need to earn to buy a home in South Bend?
To comfortably afford the median home price of $401,808 with a 20% down payment ($80,362) at today's rates (6.8%), you'd need a gross annual income of approximately $106,480. 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 $401,808, homes in South Bend are 2% below the national average.
What metro area is South Bend part of?
South Bend is part of the Omaha-Council Bluffs, NE-IA metropolitan area. Home prices and market conditions can vary across the broader metro region.