Rental numbers for St. Joseph County, IN
The typical home here runs -$613 a month at 7.78% with 25% down, breaking even at about 2.0%. 1 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.9%.
- Gross yield
- 6.7%
- typical home, Zillow
- Median ZIP yield
- 6.9%
- 11 ZIPs with full data
- Cash flow
- -$613/mo
- at 7.78%, 25% down
- Typical price
- $234,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,300/mo
- Zillow ZORI, Aug 2026
ZIP codes in St. Joseph County
19 with published figures
| 46613South Bend | $114,000 | $1,196 | 12.6% | 7.7% | +$113 | +3.9% |
| 46619South Bend | $141,000 | $1,241 | 10.5% | 6.3% | -$25 | n/a |
| 46616South Bend | $155,000 | $1,283 | 9.9% | 5.8% | -$87 | +9.1% |
| 46615South Bend | $186,000 | $1,402 | 9.1% | 5.2% | -$195 | +1.2% |
| 46628South Bend | $181,000 | $1,285 | 8.6% | 4.8% | -$252 | +0.5% |
| 46601South Bend | $156,000 | $1,060* | 8.2% | 4.3% | -$285 | n/a |
| 46544Mishawaka | $212,000 | $1,219 | 6.9% | 3.5% | -$533 | +0.9% |
| 46545Mishawaka | $221,000 | $1,249 | 6.8% | 3.5% | -$550 | +2.8% |
| 46530Granger | $418,000 | $2,177 | 6.3% | 3.3% | -$1,104 | +12.1% |
| 46637South Bend | $258,000 | $1,232 | 5.7% | 2.6% | -$839 | n/a |
| 46561Osceola | $297,000 | $1,390* | 5.6% | 2.7% | -$934 | n/a |
| 46614Gulivoire Park | $246,000 | $1,135 | 5.5% | 2.3% | -$862 | n/a |
| 46635South Bend | $271,000 | $1,200* | 5.3% | 2.1% | -$986 | n/a |
| 46617South Bend | $338,000 | $1,487 | 5.3% | 2.1% | -$1,221 | +9.9% |
| 46574Walkerton | $238,000 | $1,040* | 5.3% | 2.2% | -$847 | n/a |
| 46552New Carlisle | $282,000 | $1,160* | 4.9% | 1.9% | -$1,066 | n/a |
| 46573Wakarusa | $320,000 | $1,240* | 4.7% | 1.8% | -$1,251 | n/a |
| 46554North Liberty | $274,000 | $1,060* | 4.6% | 1.8% | -$1,077 | n/a |
| 46536Lakeville | $295,000 | $1,140* | 4.6% | 1.8% | -$1,151 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +6.5%
- Rent, 12 months
- +2.7%
- Rent minus price growth
- -3.8 pts
- Property tax
- 0.86%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $167,449 | $979 |
| Aug 2022 | $190,342 | $1,098 |
| Aug 2023 | $200,917 | $1,173 |
| Aug 2024 | $211,791 | $1,198 |
| Aug 2025 | $219,534 | $1,266 |
| Aug 2026 | $233,801 | $1,300 |
HUD Fair Market Rent
FY2027, South Bend-Mishawaka, IN HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $937 | $1,093 | $1,276 | $1,545 | $1,677 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 8.2
- 884 units, last 12 months
- National percentile
- 64th
- among US counties
Tools
Test a listing in St. Joseph County against today's rate.
Open the calculatorPart of the South Bend, IN metro.
Questions
- Is St. Joseph County good for rental property?
- The typical home here runs -$613 a month at 7.78% with 25% down, breaking even at about 2.0%. 1 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.9%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in St. Joseph County?
- About 0.86% of value, from Census ACS median taxes paid over median home value. On a $234,000 home that is about $2,020 a year.
- What is Fair Market Rent in St. Joseph County?
- HUD's FY2027 Fair Market Rent here is $1,093 for a 1-bedroom, $1,276 for a 2-bedroom and $1,545 for a 3-bedroom. Typical cash flow at today's rate is -$613 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.