Investor-grade market analytics for South Bend-Mishawaka, Indiana. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through July 2026.
$242,803
+6.1% year-over-year
6.5%
gross annual
+5.9%
base case (Zillow ZHVF)
+5.9% year-over-year
38/100
LowNet migration: Bottom 8% nationally
In-migrants avg $58,319 AGI vs out-migrants $58,452
Opportunity Zone Market
9 ZIP codes in South Bend-Mishawaka are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
South Bend-Mishawaka, IN-MI is experiencing strong growth with 6.1% year-over-year appreciation, indicating a seller's market with robust demand. Affordability remains favorable with a price-to-income ratio of 3.71x, below the national average of 4.8x. Climate risk remains low (38/100), favorable for long-term investment stability. Rental yield of 6.52% is strong, making this market attractive for buy-and-hold investors.
12-month projection (Zillow ZHVF model)
South Bend-Mishawaka, IN-MI's primary climate exposure is wind storms (70/100). The composite climate risk score of 38/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.