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Home appreciation in South Bend, IN

Over the five years ending 2025, home prices in South Bend, IN grew an average of 10.0% a year.

Price growth at a glance

1-year

+4.9%

2025 over 2024. Indiana: +5.2%.

5-year, per year

+10.0%

Average annual growth, 2020 to 2025. Indiana: +9.4%.

10-year, per year

+7.7%

+110.8% in total since 2015. Indiana: +7.2%.

How does your home compare?

South Bend, IN home prices rose 110.8% over the ten years to 2025, while its ZIP codes ranged from +85.0% to +145.2%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How South Bend, IN compares with Indiana

Indiana averaged +9.4% a year, so South Bend, IN grew faster than the state overall. For five-year price growth, South Bend, IN ranks 115th out of 409 metros nationwide and 6th out of 13 in Indiana.

Index, 2005 = 100

South Bend-Mishawaka, IN-MI and Indiana, quarterly house price index rebased to 100 in 2005.
YearSouth Bend-Mishawaka, IN-MIIndiana
2005 Q1100100
2005 Q2101101
2005 Q3103102
2005 Q4103103
2006 Q1103103
2006 Q2103102
2006 Q3104103
2006 Q4105104
2007 Q1107104
2007 Q2107105
2007 Q3105104
2007 Q4106104
2008 Q1107105
2008 Q2107104
2008 Q3104103
2008 Q4104103
2009 Q1105104
2009 Q2104103
2009 Q3102101
2009 Q4101101
2010 Q110099
2010 Q298100
2010 Q3102101
2010 Q4100101
2011 Q19898
2011 Q29698
2011 Q39799
2011 Q49899
2012 Q19798
2012 Q29698
2012 Q39799
2012 Q49799
2013 Q19799
2013 Q29799
2013 Q397100
2013 Q497100
2014 Q196100
2014 Q299101
2014 Q3100102
2014 Q4100103
2015 Q1100104
2015 Q2102105
2015 Q3102106
2015 Q4102106
2016 Q1104106
2016 Q2106108
2016 Q3108110
2016 Q4108111
2017 Q1108111
2017 Q2111113
2017 Q3114115
2017 Q4112116
2018 Q1118118
2018 Q2119120
2018 Q3121122
2018 Q4121123
2019 Q1122124
2019 Q2126127
2019 Q3127129
2019 Q4127130
2020 Q1130132
2020 Q2131133
2020 Q3135136
2020 Q4137139
2021 Q1140142
2021 Q2148150
2021 Q3156158
2021 Q4161163
2022 Q1166168
2022 Q2178178
2022 Q3182182
2022 Q4180181
2023 Q1186182
2023 Q2193190
2023 Q3193192
2023 Q4194193
2024 Q1197195
2024 Q2204201
2024 Q3207204
2024 Q4210205
2025 Q1210207
2025 Q2214211
2025 Q3216213
2025 Q4218215
2026 Q1220217
2026 Q2228221

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +7.7% a year over ten years, +110.8% in total.

Over this history, home prices peaked in 2007, fell 8.8% to its 2012 low, and regained the 2007 level in 2016.

The strongest year was 2022 at +16.5%, and the weakest was 2011 at -2.9%.

In 2025 alone the index moved +4.9%, against +5.2% for the state.

ZIP codes in South Bend, IN

Over the ten years to 2025, the 24 ZIP codes FHFA measures in this metro ranged from +85.0% in 49112 to +145.2% in 46617, while the metro as a whole rose 110.8%.

Fastest-rising ZIP codes

10-year change

  1. 46617+145.2%
  2. 46613+137.7%
  3. 46601+135.3%
  4. 46615+129.0%
  5. 46616+125.5%

Slowest-rising ZIP codes

10-year change

  1. 49112+85.0%
  2. 46530+85.7%
  3. 46536+86.0%
  4. 49067+94.9%
  5. 46561+96.9%
ZIP codes in South Bend-Mishawaka, IN-MI ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
46617+4.3%+11.1%+9.4%+145.2%
46613+8.0%+13.0%+9.0%+137.7%
46601-2.2%+12.3%+8.9%+135.3%
46615+2.0%+10.2%+8.6%+129.0%
46616+2.4%+9.6%+8.5%+125.5%
46635+8.2%+11.4%+8.5%+125.4%
49095+31.0%+12.1%+8.2%+119.6%
46545+7.9%+10.6%+8.0%+116.0%
49130+12.9%+10.4%+7.9%+114.6%
46619-2.8%+9.7%+7.6%+107.8%
46574+10.3%+10.4%+7.6%+107.1%
46637+2.7%+9.2%+7.5%+105.7%
46614+4.8%+9.6%+7.5%+105.3%
46544+3.2%+9.7%+7.5%+105.2%
49031+11.6%+9.8%+7.4%+104.0%
49047+5.6%+10.0%+7.3%+102.8%
46552+2.4%+10.2%+7.3%+101.8%
46554+2.3%+9.7%+7.1%+98.8%
46628+5.7%+9.6%+7.1%+98.2%
46561+3.8%+9.2%+7.0%+96.9%
49067-0.7%+8.2%+6.9%+94.9%
46536-1.7%+8.6%+6.4%+86.0%
46530+3.0%+8.2%+6.4%+85.7%
49112+1.2%+8.4%+6.3%+85.0%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for South Bend-Mishawaka, IN-MI and Indiana, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006101.6+1.6%101.5
2007104.3+2.6%103.0
2008103.5-0.8%102.3
2009100.9-2.5%100.7
201098.2-2.7%98.7
201195.3-2.9%97.1
201295.1-0.3%97.3
201395.2+0.1%98.2
201496.9+1.8%100.0
201599.8+2.9%103.8
2016104.7+4.9%107.3
2017109.2+4.3%111.9
2018117.4+7.5%119.0
2019123.3+5.0%125.7
2020130.6+5.9%133.1
2021148.6+13.7%151.2
2022173.0+16.5%174.6
2023188.0+8.7%186.7
2024200.5+6.7%198.3
2025210.4+4.9%208.6

The 13 measured metros in Indiana

Measured metros in Indiana ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Fort Wayne, IN+4.5%+10.8%+8.3%
2Lafayette-West Lafayette, IN+5.3%+10.3%+7.7%
3Michigan City-La Porte, IN+8.6%+10.3%+7.5%
4Kokomo, IN+6.5%+10.1%+7.4%
5Muncie, IN+6.6%+10.0%+7.2%
6South Bend-Mishawaka, IN-MI+4.9%+10.0%+7.7%
7Terre Haute, IN+7.6%+9.6%+6.6%
8Indianapolis-Carmel-Greenwood, IN+4.8%+9.3%+7.6%
9Elkhart-Goshen, IN+5.1%+9.2%+7.4%
10Columbus, IN+4.2%+8.7%+6.5%
11Lake County-Porter County-Jasper County, IN (metropolitan division)+4.3%+8.5%+6.4%
12Bloomington, IN+4.0%+8.3%+6.9%
13Evansville, IN+5.1%+8.3%+6.1%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. The metro spans IN, MI; the comparison uses Indiana, the state of its principal city. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the Indiana row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

Look up your home

Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2