South Bend, IN Real Estate
According to census data in the year 2000 there were 46,230 housing units in South Bend.
This represents a 1% growth from 45,757 in 1990.
Of those housing units, 46,162 were located in either urbanized areas or urban clusters, and 68 were located in what is classified as a rural area.
Homeownership rate in South Bend is about 63.1%.
South Bend's vacancy rate, including seasonal lodging, is about 7.4%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in South Bend were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 13.90% |
| Two Bedrooms | 32.90% |
| Three Bedrooms | 37.40% |
| Four Bedrooms | 12.20% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $66,600 |
| Median Price asked for vacant units | $48,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $457 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 7.60% |
| Simple Mortgage | 49.40% |
| Debt Free | 35.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
