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South Bend city, IN

ZIP 46615 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46615

Median Home Value
$127,800
Median Rent
$782
Affordability Snapshot
$35,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$821/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 46615 in South Bend city, IN, a household would need roughly $35,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $821. That sits below the local median household income ($57,983), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
61.7%-6% vs US avg
x
Vacancy Rate
12.9%+26% vs US avg
x
Broadband Access
90.3%+4% vs US avg
x
4+ Bedrooms
1.7%-88% vs US avg
x
Built Pre-1939
12.6%-2% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
23.2%-53% vs US avg
x
Mortgage-Free
37.8%-1% vs US avg
x
$127,800
Home Value
$782
Rent
1953
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached71.2%
  • 1-unit attached2.2%
  • 2-9 units16.4%
  • 10+ units10.0%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$127,800
Median rent$782
Owner-occupied61.7%
Vacant12.9%
Price-to-income2.2x
Est. income to buy$35,000