South Bend, IN home prices
Typical home $237,622 · +6.3% in a year · income needed $67,200
The South Bend, IN metro area ranks 498 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.3% in a year and +36.6% over five years. With 20% down at 7.11%, the typical home costs about $1,569 a month including 0.86% property tax (Saint Joseph County rate).
Mortgage on the typical South Bend home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $47,524 | $190,097 | $1,279 | $0 | $290 | $1,569 | $67,200 |
| 10% down | $23,762 | $213,859 | $1,439 | $89 | $290 | $1,818 | $77,900 |
| 5% down | $11,881 | $225,741 | $1,519 | $94 | $290 | $1,902 | $81,500 |
| 3.5% down (FHA) | $8,317 | $233,318 | $1,570 | $105 | $290 | $1,964 | $84,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.86% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the South Bend area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Saint Joseph County, IN | $230,569 | +6.5% | 0.86% |
| Cass County, MI | $266,388 | +5.0% | 0.97% |
What can you afford in Indiana on your salary? · Indiana home prices · Salaries in Indiana
Frequently asked questions
How much is a house in South Bend?
The typical home in the South Bend, IN metro area is worth $237,622 (Zillow, September 2026).
What salary do you need to buy a house in South Bend?
About $67,200 a year for the typical home with 20% down at 7.11%.