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South Bend city, IN

ZIP 46628 — 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 46628

Median Home Value
$164,500
Median Rent
$843
Affordability Snapshot
$45,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,057/mo PITI).

18%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.3 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 46628 in South Bend city, IN, a household would need roughly $45,000 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 $1,057. That sits below the local median household income ($56,889), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
68.8%+5% vs US avg
x
Vacancy Rate
11.4%+10% vs US avg
x
Broadband Access
87.5%+1% vs US avg
x
4+ Bedrooms
5.2%-65% vs US avg
x
Built Pre-1939
9.7%-24% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
33.6%-32% vs US avg
x
Mortgage-Free
36.9%-3% vs US avg
x
$164,500
Home Value
$843
Rent
1967
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached81.8%
  • 1-unit attached1.8%
  • 2-9 units9.7%
  • 10+ units5.5%
  • Mobile home & other1.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$164,500
Median rent$843
Owner-occupied68.8%
Vacant11.4%
Price-to-income2.9x
Est. income to buy$45,000