There are currently 51,465 real estate properties in South Bend, IN, with a median automated valuation model (AVM) price of $152,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in South Bend, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in South Bend, IN, is $172,474.00, with the most expensive house in South Bend, IN, topping out at $3,285,800.00 and the cheapest home in South Bend, IN, clocking in at $29,900.00. In other words, there’s something for every potential homebuyer or savvy investor in South Bend, IN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in South Bend, IN, is on a rollercoaster ride. The average rent price in South Bend, IN, is $1,097.00. Indeed, when looking to rent in South Bend, IN, you can expect to pay as little as $480.00 or as much as $3,050.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in South Bend, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the South Bend, IN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in South Bend, IN and much more. Save thousands at closing with home foreclosure listings in South Bend, IN — up to 75% off market value!
South Bend is located in St. Joseph, Indiana, with an estimated municipal population of 102,026 residents. All of the best foreclosed homes for sale in South Bend are located in the following zip code areas on Foreclosure.com: 46601 46635 46628 46616 46614 46615 46613 46619 46617 46624 46626 46634 46660 46680 46699. The estimated population per square kilometer (.62 miles) in South Bend is 938.
So, about how much do homes cost in South Bend? The most recent median value of resident-owned homes in South Bend is 85,054. An estimated 57.2 percent of households in South Bend own their homes, with an average family size of 3.39. The median household income in South Bend is 40,265, with14 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in South Bend, the median commute time of resident workers (in minutes) is 20.1. And last, but certainly not least, are you looking for homes to rent in South Bend? If so, the average rent price paid by renters in South Bend is 789, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to South Bend, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in South Bend is 33.3, split between 47.9 percent male versus 52.1 female. The percentage of residents who report being married in South Bend is 37.7, with an average family size of 3.39.
The percentage of residents who report their race in South Bend is as follows:
|Black / African American||26.6%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near South Bend? Or maybe you are searching for 55+ active adult communities in and/or near South Bend?
The percentage of residents who report their age in South Bend is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in South Bend with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in South Bend.
How do you know that living in -- or moving to -- South Bend is right where you need to be? Perhaps you grew up in South Bend or already live nearby; therefore, the decision to buy a home in South Bend is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to South Bend for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in South Bend:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like South Bend.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in South Bend can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in South Bend, meanwhile, can field multiple offers from more qualified buyers.
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