Housing Affordability

Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price

September 2026

40.3%

Year-over-year change

+7%

Compared to 37.6% last year

Difference from state

-6%

Compared to 42.7% in Indiana

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September 2026

40.3%

Year-over-year change

+7%

Compared to 37.6% last year

Difference from state

-6%

View source and notes...

Last update: Oct. 7, 2026, 8:37 a.m. Source: IAR Data Warehouse / American Community Survey Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K

September 2026

44.7%

Year-over-year change

-8%

Compared to 48.4% last year

Difference from state

+20%

Compared to 37.1% in Indiana

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September 2026

44.7%

Year-over-year change

-8%

Compared to 48.4% last year

Difference from state

+20%

View source and notes...

Last update: Oct. 7, 2026, 7:29 a.m. Source: IAR Data Warehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Demographics

Median Household Income

Adjusted to current dollars

January 2025

$58,828

Year-over-year change

+4%

Compared to $56,431 last year

Difference from state

-5%

Compared to $61,915 in Indiana

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January 2025

$58,828

Year-over-year change

+4%

Compared to $56,431 last year

Difference from state

-5%

View source and notes...

Last update: Oct. 7, 2026, 8:37 a.m. Source: American Community Survey and Bureau of Labor Statistics Employment Cost Index Data notes: The most recent income measure from the American Community Survey is adjusted by two-year change in the Employment Cost Index to adjust to current dollars.

Market Momentum

Price

Median Monthly Payment

For median-priced home

September 2026

$1,976

Year-over-year change

+7%

Compared to $1,845 last year

Difference from state

-10%

Compared to $2,201 in Indiana

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September 2026

$1,976

Year-over-year change

+7%

Compared to $1,845 last year

Difference from state

-10%

View source and notes...

Last update: Oct. 7, 2026, 7:29 a.m. Source: IAR Datawarehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average.

Median Sale Price

3-Month Rolling Median

September 2026

$252,250

Year-over-year change

+3%

Compared to $245,000 last year

Difference from state

-10%

Compared to $280,995 in Indiana

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September 2026

$252,250

Year-over-year change

+3%

Compared to $245,000 last year

Difference from state

-10%

View source and notes...

Last update: Oct. 7, 2026, 7:29 a.m. Source: IAR Data Warehouse Data notes: -

Sales

Closed Sales by Price

12-month rolling total

All properties, October 2026

3,320

-4%

Under $250K

1,713

-11%

At Least $250K

1,607

+4%

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All properties, October 2026

3,320

-4%

Under $250K

1,713

-11%

At Least $250K

1,607

View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None

Supply

New Listings by Price

12-month rolling total

All properties, October 2026

4,317

+2%

Under $250K

2,072

-6%

At Least $250K

2,245

+11%

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All properties, October 2026

4,317

+2%

Under $250K

2,072

-6%

At Least $250K

2,245

View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None

Inventory by Price

Average daily inventory in latest month

All properties, October 2026

755

+17%

Under $250K

311

+9%

At Least $250K

444

+23%

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All properties, October 2026

755

+17%

Under $250K

311

+9%

At Least $250K

444

View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None

More for St. Joseph County All metrics

Inventory In Monthly Market Report New Listings In Monthly Market Report Closed Sales by Construction In Detailed Market Overview Closed Sales by Property Type In Detailed Market Overview

Housing Affordability nearby

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Home price and typical payment compared to income

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Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K

Demographics

Median Household Income

Adjusted to current dollars

Market Momentum

Price

Median Monthly Payment

For median-priced home

Median Sale Price

3-Month Rolling Median

Sales

Closed Sales by Price

12-month rolling total

Supply

New Listings by Price

12-month rolling total

Inventory by Price

Average daily inventory in latest month

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