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.
Nearby metro yield comparison
Compare this metro with other Indiana markets and jump directly into Rental Insights or a public metro report when a yield page is available.
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.