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Housing Affordability

Home price and typical payment compared to income

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Housing Affordability • South Bend • August 2026

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Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price
August 2026
32.6%
Year-over-year change
+3%
Compared to 31.7% last year
Difference from state
-24%
Compared to 42.6% in Indiana
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August 2026
32.6%
Year-over-year change
+3%
Compared to 31.7% last year
Difference from state
-24%
View source and notes...

Last update: Sept. 8, 2026, 3:06 p.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. South Bend includes St. Joseph County.

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K
August 2026
43.5%
Year-over-year change
-6%
Compared to 46.1% last year
Difference from state
+18%
Compared to 36.9% in Indiana
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August 2026
43.5%
Year-over-year change
-6%
Compared to 46.1% last year
Difference from state
+18%
View source and notes...

Last update: Sept. 8, 2026, 2:51 p.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. South Bend includes St. Joseph County.

Demographics

Median Household Income

Adjusted to current dollars
January 2025
$71,070
Year-over-year change
+7%
Compared to $66,356 last year
Difference from state
+15%
Compared to $61,915 in Indiana
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January 2025
$71,070
Year-over-year change
+7%
Compared to $66,356 last year
Difference from state
+15%
View source and notes...

Last update: Sept. 8, 2026, 3:06 p.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. South Bend includes St. Joseph County.

Market Momentum

Price

Median Monthly Payment

For median-priced home
August 2026
$1,929
Year-over-year change
+3%
Compared to $1,878 last year
Difference from state
-12%
Compared to $2,199 in Indiana
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August 2026
$1,929
Year-over-year change
+3%
Compared to $1,878 last year
Difference from state
-12%
View source and notes...

Last update: Sept. 8, 2026, 2:51 p.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. South Bend includes St. Joseph County.

Median Sale Price

3-Month Rolling Median
August 2026
$250,000
Year-over-year change
+2%
Compared to $244,900 last year
Difference from state
-12%
Compared to $285,000 in Indiana
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August 2026
$250,000
Year-over-year change
+2%
Compared to $244,900 last year
Difference from state
-12%
View source and notes...

Last update: Sept. 8, 2026, 2:51 p.m. Source: IAR Data Warehouse Data notes: - South Bend includes St. Joseph County.

Sales

Closed Sales by Price

12-month rolling total
All properties, August 2026
3,345
-5%
Under $250K
1,740
-12%
At Least $250K
1,605
+5%
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All properties, August 2026
3,345
-5%
Under $250K
1,740
-12%
At Least $250K
1,605
View source and notes...

Last update: Sept. 9, 2026, 8:35 p.m. Source: IAR MLS Data Warehouse Data notes: None South Bend includes St. Joseph County.

Supply

New Listings by Price

12-month rolling total
All properties, August 2026
4,306
+1%
Under $250K
2,065
-9%
At Least $250K
2,241
+12%
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All properties, August 2026
4,306
+1%
Under $250K
2,065
-9%
At Least $250K
2,241
View source and notes...

Last update: Sept. 9, 2026, 8:35 p.m. Source: IAR MLS Data Warehouse Data notes: None South Bend includes St. Joseph County.

Inventory by Price

Average daily inventory in latest month
All properties, August 2026
691
+21%
Under $250K
260
+4%
At Least $250K
431
+35%
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All properties, August 2026
691
+21%
Under $250K
260
+4%
At Least $250K
431
View source and notes...

Last update: Sept. 9, 2026, 8:35 p.m. Source: IAR MLS Data Warehouse Data notes: None South Bend includes St. Joseph County.

More for South Bend 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

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