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

South Bend, IN has a median modeled monthly cash flow of $-387 and a median cap rate of 4.4%, on a median sold price of $196,887. Prices changed +4.7% 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 4.4%, 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 $196,887 (about $135 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.

$196,887Median sold price

$135Median $/sqft

4.4%Median cap rate

$-387Modeled cash flow / mo

+4.7%Appreciation YoY

5.8Months of supply

856Active listings

1,773Sold (last 12 mo)

What the South Bend numbers say

In South Bend, IN, the median home sold for $196,887 (about $135 per square foot), and the typical deal models out to a 4.4% cap rate with a median $-387 of monthly cash flow. Sold prices moved +4.7% over the past year. Inventory sits at about 5.8 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

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.