South Bend-Mishawaka, IN-MI Metro Area - Investment Guide
Metro Area • 16 Cities • 26 ZIP Codes
Avg Home Value
$254,749
Avg Monthly Rent
$1,143
Avg Cap Rate
3.85%
Avg Investability
3.2 ★
Cities
16
ZIP Codes
26
This metro is one of hundreds you can screen side by side — filter by the numbers that matter and get alerts when they move. See plans →
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
Best ZIP codes in South Bend-Mishawaka, IN-MI
Every ZIP in the metro, ranked four ways. Free.
Cities in South Bend-Mishawaka, IN-MI
Cassopolis
Michigan
1 ZIPs
Decatur
Michigan
1 ZIPs
Dowagiac
Michigan
1 ZIPs
Edwardsburg
Michigan
1 ZIPs
Granger
Indiana
1 ZIPs
Jones
Michigan
1 ZIPs
Lakeville
Indiana
1 ZIPs
Marcellus
Michigan
1 ZIPs
Mishawaka
Indiana
2 ZIPs
New Carlisle
Indiana
1 ZIPs
North Liberty
Indiana
1 ZIPs
Osceola
Indiana
1 ZIPs
South Bend
Indiana
11 ZIPs
Union
Michigan
1 ZIPs
Vandalia
Michigan
1 ZIPs
Walkerton
Indiana
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 46613 | South Bend | IN | $103,658 | $1,262 | 9.50% | |
| 46613 | South Bend | IN | $113,930 | $1,212 | 8.29% | |
| 46613 | South Bend | IN | $100,618 | $1,186 | 9.20% | |
| 46613 | South Bend | IN | $113,983 | $1,208 | 8.26% | |
| 46613 | South Bend | IN | $100,618 | $1,186 | 9.20% | |
| 46613 | South Bend | IN | $111,287 | $1,244 | 8.72% | |
| 46613 | South Bend | IN | $113,402 | $1,193 | 8.21% | |
| 46619 | South Bend | IN | $142,085 | $1,221 | 6.70% | |
| 46615 | South Bend | IN | $171,325 | $1,326 | 6.04% | |
| 46616 | South Bend | IN | $138,850 | $1,259 | 7.08% | |
| 46619 | South Bend | IN | $130,477 | $1,256 | 7.51% | |
| 46616 | South Bend | IN | $154,536 | $1,225 | 6.18% | |
| 46619 | South Bend | IN | $142,420 | $1,289 | 7.06% | |
| 46615 | South Bend | IN | $170,804 | $1,428 | 6.52% | |
| 46616 | South Bend | IN | $135,814 | $1,148 | 6.59% | |
| 46617 | South Bend | IN | $305,627 | $1,753 | 4.47% | |
| 46619 | South Bend | IN | $127,411 | $1,256 | 7.69% | |
| 46619 | South Bend | IN | $139,725 | $1,289 | 7.19% | |
| 46615 | South Bend | IN | $170,804 | $1,428 | 6.52% | |
| 46616 | South Bend | IN | $135,814 | $1,148 | 6.59% | |
| 46601 | South Bend | IN | $148,727 | $1,350 | 7.08% | |
| 46617 | South Bend | IN | $305,627 | $1,753 | 4.47% | |
| 46619 | South Bend | IN | $127,411 | $1,256 | 7.69% | |
| 46616 | South Bend | IN | $146,814 | $1,142 | 6.07% | |
| 46619 | South Bend | IN | $137,224 | $1,289 | 7.33% | |
| 46637 | South Bend | IN | $253,411 | $1,954 | 6.01% | |
| 46616 | South Bend | IN | $154,667 | $1,283 | 6.47% | |
| 46530 | Granger | IN | $401,001 | $1,653 | 3.22% | |
| 46617 | South Bend | IN | $338,242 | $1,522 | 3.51% | |
| 46552 | New Carlisle | IN | $284,688 | $1,044 | 2.86% | |
| 49031 | Cassopolis | MI | $269,913 | $873 | 2.52% | |
| 49095 | Vandalia | MI | $327,121 | $1,062 | 2.53% | |
| 46614 | South Bend | IN | $231,817 | $1,425 | 4.79% | |
| 49112 | Edwardsburg | MI | $289,363 | $1,008 | 2.72% | |
| 46536 | Lakeville | IN | $267,503 | $1,026 | 2.99% | |
| 46554 | North Liberty | IN | $276,865 | $954 | 2.69% | |
| 49045 | Decatur | MI | $217,897 | $873 | 3.13% | |
| 46561 | Osceola | IN | $299,810 | $1,251 | 3.25% | |
| 49047 | Dowagiac | MI | $224,845 | $936 | 3.25% | |
| 49130 | Union | MI | $357,246 | $873 | 1.91% | |
| 46544 | Mishawaka | IN | $193,935 | $1,068 | 4.30% | |
| 46628 | South Bend | IN | $181,785 | $1,255 | 5.38% | |
| 46545 | Mishawaka | IN | $203,425 | $1,252 | 4.80% | |
| 46635 | South Bend | IN | $272,359 | $1,080 | 3.09% | |
| 46574 | Walkerton | IN | $238,728 | $936 | 3.06% | |
| 49061 | Jones | MI | $242,413 | $918 | 2.95% | |
| 46552 | New Carlisle | IN | $267,662 | $1,044 | 3.04% | |
| 46637 | South Bend | IN | $259,991 | $1,265 | 3.79% | |
| 46601 | South Bend | IN | $156,540 | $1,196 | 5.96% | |
| 49067 | Marcellus | MI | $247,594 | $963 | 3.03% |
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
Open the Market Finder →Free to search · investor plans from $19/mo
The wrong ZIP kills a good deal — screen every market.
Open the Market Finder →
About South Bend-Mishawaka, IN-MI Real Estate Market
The South Bend-Mishawaka, IN-MI metropolitan statistical area (MSA) encompasses 16 cities and 26 ZIP codes. The average home value across the metro is $254,749, with an average monthly rent of $1,143. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.