Why Live in South Bend
The University of Notre Dame's iconic Golden Dome and Basilica of the Sacred Heart stand as cultural landmarks in South Bend. The city features unique attractions like the East Race Waterway, North America's first artificial whitewater rafting course, and the Studebaker National Museum showcasing classic automobiles from the city's manufacturing heritage. Cultural venues include the Morris Performing Arts Center for Broadway shows and the South Bend Museum of Art's five galleries. Outdoor recreation spans multiple parks including Potato Creek State Park with hiking trails around Worster Lake, and St. Patrick's County Park along the St. Joseph River. The dining scene includes upscale restaurants like LaSalle Grill serving contemporary American cuisine and Cafe Navarre offering European fusion in historic downtown.
The South Bend housing market has a median sale price of $191,000. Single-family homes represent the primary housing type, with median prices varying significantly by neighborhood. Harter Heights commands the highest median price at $600,500, while Lincoln Park has a median of $123,400. The median townhome price is $150,000, and condos range from $95,000 for one bedroom to $280,000 for two bedrooms.
South Bend's cost of living sits 9.6% below the national average. A family with school-age children needs approximately $96,000 annually to live comfortably, while renters should aim for $55,000. Monthly housing costs average $2,000. The state income tax rate is 3%, with a 7% sales tax. Highly rated schools include Adams High School and private institutions Saint Joseph High School and Trinity School at Greenlawn. The South Shore Line train provides regular service to Chicago, 95 miles away. South Bend experiences four distinct seasons with significant snowfall averaging 66 inches annually.
Home Trends in South Bend, IN
On average, homes in South Bend, IN sell after 40 days on the market compared to the national average of 50 days. The median sale price for homes in South Bend, IN over the last 12 months is $192,200, up 10% from the median home sale price over the previous 12 months.
Median Sale Price
$192,200
Median Single Family Sale Price
$193,750
Median Townhouse Sale Price
$150,950
Median 2 Bedroom Sale Price
$282,500
Median 1 Bedroom Sale Price
$97,000
Average Price Per Sq Ft
$116
Number of Homes for Sale
357
Last 12 months Home Sales
1,998
Median List Price
$209,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
10%