The housing market in the South Bend-Mishawaka, IN Metro Area has been a particularly attractive investment opportunity for buyers. The median value of houses in this area is significantly lower than the US average at $192,700 compared to $338,100. Additionally, the 1 year appreciation rate for homes in this area is higher than the national average at 12.23%, compared to 8.27%. This makes South Bend-Mishawaka an intriguing choice for prospective buyers who are looking for affordable housing and potential growth opportunities over time.
The median home cost in South Bend-Mishawaka Metro Area is $192,700. Home appreciation the last 10 years has been 87.5%. Home Appreciation in South Bend-Mishawaka Metro Area is up 16.3%.
Average Age of Homes
- The median age of South Bend-Mishawaka Metro Area real estate is 49 years old
The Rental Market in South Bend-Mishawaka Metro Area
- Renters make up 25.1% of the South Bend-Mishawaka Metro Area population
- 2.5% of houses and apartments in South Bend-Mishawaka Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.