South Bend-Mishawaka, IN-MI Average Rent & Rental Yield
Compare average asking rent (median), gross rental yield, home value, and transaction activity before moving into listing-level underwriting or investor discovery.
Average rent in South Bend-Mishawaka, IN-MI
The median asking rent in South Bend-Mishawaka, IN-MI is $1,400 as of July 2026, based on active rental listings across the metro. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $129,370, that rent level prices South Bend-Mishawaka, IN-MI at a 12.79% gross rental yield — compared with 9.42% across Indiana.
Metro vs state rental signal
The metro read is a first-pass screen. Compare it with the state baseline, then pressure-test taxes, insurance, vacancy, rehab, and financing assumptions at the property level.
South Bend-Mishawaka, IN-MI rent and rental yield comparison
The current South Bend-Mishawaka, IN-MI baseline is $1,400 median asking rent and 12.79% gross rental yield. Compare rent, yield, and home values with selected Indiana metros, then open a public report or Rental Insights for property-level follow-up.
Indianapolis-Carmel-Greenwood, IN
Indianapolis-Carmel-Greenwood, IN median asking rent is $1,875, $475 (33.9%) higher than the $1,400 median asking rent in South Bend-Mishawaka, IN-MI.
- Median rent
- $1,875
- Gross yield
- 8.82%
- Avg home value
- $284,833
Louisville/Jefferson County, KY-IN
Louisville/Jefferson County, KY-IN median asking rent is $1,722, $322 (23%) higher than the $1,400 median asking rent in South Bend-Mishawaka, IN-MI.
- Median rent
- $1,722
- Gross yield
- 9.73%
- Avg home value
- $230,847
Chicago-Naperville-Elgin, IL-IN
Chicago-Naperville-Elgin, IL-IN median asking rent is $1,650, $250 (17.9%) higher than the $1,400 median asking rent in South Bend-Mishawaka, IN-MI.
- Median rent
- $1,650
- Gross yield
- 11.71%
- Avg home value
- $213,124
Terre Haute, IN
Terre Haute, IN median asking rent is $1,125, $275 (19.6%) lower than the $1,400 median asking rent in South Bend-Mishawaka, IN-MI.
- Median rent
- $1,125
- Gross yield
- 12.98%
- Avg home value
- $83,210
Muncie, IN
Muncie, IN median asking rent is $1,250, $150 (10.7%) lower than the $1,400 median asking rent in South Bend-Mishawaka, IN-MI.
- Median rent
- $1,250
- Gross yield
- 13.17%
- Avg home value
- $132,526
Kokomo, IN
Kokomo, IN median asking rent is $1,200, $200 (14.3%) lower than the $1,400 median asking rent in South Bend-Mishawaka, IN-MI.
- Median rent
- $1,200
- Gross yield
- 12.23%
- Avg home value
- $139,789
Marion, IN
Marion, IN median asking rent is $1,200, $200 (14.3%) lower than the $1,400 median asking rent in South Bend-Mishawaka, IN-MI.
- Median rent
- $1,200
- Gross yield
- 14.75%
- Avg home value
- $85,236
Peru, IN
Peru, IN median asking rent is $1,050, $350 (25%) lower than the $1,400 median asking rent in South Bend-Mishawaka, IN-MI.
- Median rent
- $1,050
- Gross yield
- 15.71%
- Avg home value
- $70,250
South Bend-Mishawaka, IN-MI rent and yield FAQ
Quick answers based on the latest South Bend-Mishawaka, IN-MI rental listing and transaction data.
What is the average rent in South Bend-Mishawaka, IN-MI?
As of July 2026, the median asking rent in South Bend-Mishawaka, IN-MI is $1,400. SFR Analytics reports the median of active rental listings rather than a simple average so outlier luxury listings do not distort the figure.
What is a good rental yield in South Bend-Mishawaka, IN-MI?
South Bend-Mishawaka, IN-MI currently prices at a 12.79% gross rental yield, versus 9.42% across Indiana. Treat gross yield as a first-pass screen — it excludes taxes, insurance, vacancy, rehab, and financing, so underwrite at the property level before acting on it.
Move from South Bend-Mishawaka, IN-MI market context to property-level screening
Open Rental Insights with South Bend-Mishawaka, IN-MI selected, then pair the yield signal with investor activity and rental data workflows.