Real Estate Investing in South Bend, Indiana (46619)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46619 (South Bend, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
What’s happening in South Bend, IN (46619)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46619 South Bend
ZIP 46619 inside Saint Joseph County looks affordable on the surface — median value of $142K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 46619 is significant only for operators who understand what they are buying. A $142K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 46619's metrics run below Saint Joseph County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 46619 ZIP's population of 21,179 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Strategically, 46619 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in South Bend:
Property Strategy for 46619
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $92,474 | $1,190 | 9.3% | +13.9% | $46,237 |
| 3BR | $162,434 | $1,440 | 6.4% | +10.6% | $54,145 |
| 4BR | $140,863 | $1,580 | 8.1% | +10.9% | $35,216 |
| 5BR | $119,296 | — | — | +11.5% | $23,859 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46619 Compare?
| Metric | 46619 | South Bend | Indiana |
|---|---|---|---|
| Home Value | $142,085 | $186,529 | $248,442 |
| 5-Year CAGR | 10.0% | 8.7% | 7.7% |
| Avg Rent | $1,221 | $1,233 | - |
| Cap Rate | 6.7% | 5.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46619 (South Bend, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $142,085 |
| Monthly Rent | $1,221 |
| Price-to-Rent | 9.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.3% |
| Cap Rate | 6.7% |
| 5-Year IRR | 16.7% |
📈 Home Appreciation
| 1-Year | +14.5% ▲ |
| 3-Year CAGR | +8.8% ▲ |
| 5-Year CAGR | +10.0% ▲ |
| 10-Year CAGR | +11.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.7%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 46619
Population: 21,179
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 46619
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,262 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in South Bend, IN?
Median home price in South Bend, IN is near $142K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Is South Bend, IN a smart market for rental property?
Investors tracking South Bend, IN will find a 4.0/5 rating supported by $142K median home values and $1,221/mo rents. That profile suits long-term holders targeting consistent returns.
What is the renter demographic in South Bend, IN?
Expect a solid tenant pool in South Bend, IN. The rental market absorbs $1,221/mo rents without meaningful friction.
How landlord-friendly is South Bend, IN?
South Bend, IN falls under IN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much is rent in South Bend, IN?
The typical rental in South Bend, IN commands about $1,221/mo monthly. That rent profile stable cash flow against the $142K purchase basis.
You know 46619 now. You don’t know where it ranks.
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How 46619 ranks in South Bend-Mishawaka, IN-MI
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