Is South Bend, IN a good place to invest in rental property?

South Bend, IN has a median modeled monthly cash flow of $-388 and a median cap rate of 4.3%, on a median sold price of $204,000. Prices changed +5.3% year over year.

What is the average cap rate in South Bend, IN?

The median cap rate across recently sold homes in South Bend, IN is 4.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in South Bend, IN?

The median sold price in South Bend, IN is $204,000 (about $139 per square foot).

Investing in South Bend, IN Real Estate

A data-driven snapshot of the South Bend, IN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$204,000Median sold price

$139Median $/sqft

4.3%Median cap rate

$-388Modeled cash flow / mo

+5.3%Appreciation YoY

8.2Months of supply

1,258Active listings

1,849Sold (last 12 mo)

What the South Bend numbers say

In South Bend, IN, the median home sold for $204,000 (about $139 per square foot), and the typical deal models out to a 4.3% cap rate with a median $-388 of monthly cash flow. Sold prices moved +5.3% over the past year. Inventory sits at about 8.2 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 6 fix-and-flip deals in South Bend — listings where the estimated after-repair value beats list price + rehab.

Other Indiana markets to compare

See South Bend cash-flowing listings

CashFlowRE ranks every for-sale home in South Bend, IN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen South Bend deals, or browse the national market data.