According to statistics, the population in South Bend, IN amounts to 101,928, which shows decline 1% compared to the previous year. The median age of the city’s residents is 33. The average household income is $37,441, shifting growth 5% from the past year, and the average property value in South Bend, IN decline 1% to $81,100 throughout the year.
|Number Of Employees||45,211|
|Median Property Value||$81,100|
The average household income in South Bend, IN grew from $35,758 to $37,441 in the past year. This data is an estimate based upon 39,025 households in South Bend, IN . The chart below presents how household income is distributed in South Bend, IN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in South Bend, IN shifted from $80,500 to $81,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in South Bend, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of South Bend, IN properties falls in the '$70,000 to $79,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in South Bend, IN compared to median property taxes around the country. The prevalent amount of property taxes in South Bend, IN equals $800, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$39,000||+56%|
|1 bed for sale||$134,725||+12.6%|
|2 bed for sale||$125,579||+8%|
|3 bed for sale||$192,922||+6.9%|
|4+ bed for sale||$248,545||-7.6%|
During Jul 2022, the average price for an apartment in/near South Bend, IN increased by 4.2% to $198,076.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 12.6% to $134,725. Asking price for 2-bed apartment also increased by 8% and a place of this size will now cost you $125,579. A 3-bed apartment goes for $192,922, it increased by 6.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 7.6% and made it down to $248,545.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$198,187||+4.6%|
|Condos for sale||$387,433||+61.5%|
|Land for sale||$96,735||+103.9%|
Price reports demonstrate that house price increased by 4.6% this month making it up to $198,187. Condos are really in demand in this season. The median price for a condo increased by 61.5%, it’s now available for $387,433.