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MarketsMarket MapSouth Bend, IN
Metropolitan Area

South Bend, IN

Indiana0
70
/100
Buy
#220 of 894 metros
Top 24% nationally for investing

Market Snapshot

$238,866
Median Home Price
6% below national median
$1,340/mo
Median Rent
3% below national median
6.73%
Rent-to-Price Ratio
Top 30% nationally
-$381
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$238,866
Down Payment (20%)$47,773
Loan Amount$191,093
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,340
Monthly P&I-$1,252
Est. Expenses (35%)-$469
Net Cash Flow-$381/mo
4.4%
Cap Rate (all cash)
-8.3%
Cash-on-Cash Return
6.73%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.4% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
70/100
70
Cash Flow(30%)
67/100

Based on 6.73% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
88/100

Based on 6.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
79/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (6.73%)
  • +Strong price appreciation (+6.0% YoY)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Negative cash flow at typical financing (-$381/mo)
  • -Negative leverage (cap rate 4.4% < mortgage rate 6.9%)

Counties in South Bend, IN

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Coffeyville, KS
Coffeyville, KS
85$101,366$86210.20%Strong BuyView
Blytheville, AR
Blytheville, AR
84$115,156$1,06411.08%Strong BuyView
Roanoke Rapids, NC
Roanoke Rapids, NC
84$107,523$1,07712.02%Strong BuyView
Enid, OK
Enid, OK
83$144,157$1,25010.40%Strong BuyView
Houghton, MI
Houghton, MI
83$194,696$1,73310.68%Strong BuyView
Current
South Bend, IN
70$238,866$1,3406.73%Buy

Rent vs buy in this metro

Rent vs buy in South Bend, INMedian $214,936 · rent $1,333/mo

The Bottom Line

BuySouth Bend, IN offers solid investment potential with good cash flow or appreciation prospects.

The South Bend, IN metro area scores 70/100, ranking #220 of 894 US metros (top 24%). The 6.73% rent-to-price ratio indicates moderate cash flow potential. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-381/mo
Cap Rate
4.4%
Cash-on-Cash
-9.6%

Ready to Invest in South Bend, IN?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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