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Housing Affordability

Home price and typical payment compared to income

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Housing Affordability • South Bend • February 2026

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Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price
February 2026
28.4%
Year-over-year change
+7%
Compared to 26.6% last year
Difference from state
-13%
Compared to 32.8% in Indiana
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February 2026
28.4%
Year-over-year change
+7%
Compared to 26.6% last year
Difference from state
-13%
View source and notes...

Last update: March 7, 2026, 4:23 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. South Bend includes St. Joseph County.

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K
February 2026
52.0%
Year-over-year change
-4%
Compared to 54.2% last year
Difference from state
+15%
Compared to 45.2% in Indiana
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February 2026
52.0%
Year-over-year change
-4%
Compared to 54.2% last year
Difference from state
+15%
View source and notes...

Last update: March 7, 2026, 4:11 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. 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
+2%
Compared to $69,976 in Indiana
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January 2025
$71,070
Year-over-year change
+7%
Compared to $66,356 last year
Difference from state
+2%
View source and notes...

Last update: March 7, 2026, 4:23 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. South Bend includes St. Joseph County.

Market Momentum

Price

Median Monthly Payment

For median-priced home
February 2026
$1,683
Year-over-year change
+7%
Compared to $1,576 last year
Difference from state
-12%
Compared to $1,911 in Indiana
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February 2026
$1,683
Year-over-year change
+7%
Compared to $1,576 last year
Difference from state
-12%
View source and notes...

Last update: March 7, 2026, 4:11 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. South Bend includes St. Joseph County.

Median Sale Price

3-Month Rolling Median
February 2026
$228,950
Year-over-year change
+14%
Compared to $201,500 last year
Difference from state
-12%
Compared to $259,900 in Indiana
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February 2026
$228,950
Year-over-year change
+14%
Compared to $201,500 last year
Difference from state
-12%
View source and notes...

Last update: March 7, 2026, 4:11 a.m. Source: IAR Data Warehouse Data notes: - South Bend includes St. Joseph County.

Sales

Closed Sales by Price

12-month rolling total
All properties, February 2026
3,369
-2%
Under $250K
1,840
-9%
At Least $250K
1,529
+10%
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All properties, February 2026
3,369
-2%
Under $250K
1,840
-9%
At Least $250K
1,529
View source and notes...

Last update: March 7, 2026, midnight 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, February 2026
4,070
-7%
Under $250K
2,054
-17%
At Least $250K
2,016
+8%
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All properties, February 2026
4,070
-7%
Under $250K
2,054
-17%
At Least $250K
2,016
View source and notes...

Last update: March 7, 2026, midnight 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, February 2026
445
-16%
Under $250K
192
-36%
At Least $250K
254
+9%
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All properties, February 2026
445
-16%
Under $250K
192
-36%
At Least $250K
254
View source and notes...

Last update: March 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None South Bend includes St. Joseph County.

Contact

Indiana Association of REALTORS®
143 W Market St, Ste 100
Indianapolis, IN 46204
Phone: 1.800.284.0084

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