Rent to own Homes in South Bend, IN
South Bend, Indiana, is perhaps best known as the home of the Notre Dame Fighting Irish. While the campus' iconic gold dome attracts thousands of college football fans each year, it's not all South Bend has to offer. This northern-Indiana town sits along the St. Joseph River, which gives South Bend its moniker. From boating along the river to visiting The South Bend Museum of Art and the historic homes dotting the town, South Bend has something for everyone.
South Bend, IN is a great place for affordable rent-to-own homes! With a median household income of over $42,657 and a median rent of $814, the South Bend, IN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in South Bend, IN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More South Bend, IN Property Resources
Rent to own Homes in Cities Near South Bend, IN
- Baroda
- Benton Harbor
- Benton Heights
- Berrien Center
- Berrien Springs
- Bridgman
- Buchanan
- Coloma
- Covert
- Dowagiac
- Eau Claire
- Fair Plain
- Galien
- Granger
- Hartford
- Hudson Lake
- Indian Village
- Lake Michigan Beach
- Lakeside
- Millburg
- Mill Creek
- Mishawaka
- New Buffalo
- New Carlisle
- New Troy
- Niles
- Notre Dame
- Paw Paw Lake
- Rolling Prairie
- Roseland
- Sawyer
- Shoreham
- Shorewood-Tower Hills-Harbert
- Sodus
- South Bend
- Stevensville
- St. Joseph
- Three Oaks
- Union Pier
- Watervliet
Neighborhoods in South Bend, IN
Council Oak rent to own homes Bercliff Estates rent to own homes Edgewater rent to own homes Erskine Park rent to own homes Far Northwest rent to own homes Harter Heights rent to own homes Keller Park rent to own homes LaSalle Area rent to own homes LaSalle Park rent to own homes Lincoln Manor rent to own homesBuying a Home in South Bend, IN
South Bend, IN is seeing rapid growth and South Bend, IN's' housing market remains optimal with an average home price that is -59% below the 2024 national average. South Bend, IN is part of St. Joseph county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county St. Joseph is 1.13% which is above the national average, which is 0.99%.
Median Home Price in South Bend, IN
Median Rent in South Bend, IN
Top Reasons to Live in South Bend IN
Housing Statistics The vacancy rate in South Bend sits at just under 15 percent. The median home price in South Bend is $86,700, below the state's median of $109,126. Single-family homes are the most common types of property found in South Bend. While homeowners make up more than 65 percent of the local real estate market, there are plenty of rentals available. Single family homes and apartments rent for an average of $690 per month, and those in the rent to own market will also find a number of options in the area.
Local Shopping Whether you are on the prowl for the latest fashions or looking for unique antiques, South Bend's shopping has it all. The fashionistas in your family will find on-trend threads at University Park Mall and the Lighthouse Place Premium Outlets. The Mall is home to stores like Sears, JCPenney and Macy's and specialty stores, such as Buckle, Deb and Express. At the outlets, you can find great deals on more than 120 brands, including DKNY, Eddie Bauer, Kenneth Cole and Rue 21. For a more unique shopping experience, head down to Downtown South Bend's shopping district. You'll find unique pop-up shops, featuring fine arts and local crafts, as well as South Bend's best antique haunts.
Local Events and Festivals As autumn comes to South Bend, the town becomes alive with blue and gold; Notre Dame Football is the name of the game in these parts. Of course, if college football isn't your thing, there is plenty of other activites to do in and around South Bend. From mid-August to mid-November, The Snite Museum of Art will host a landscape photography exhibition featuring the work of Terry Evans. Afterwards, indulge your sweet tooth with Sweet!, The Center for History's exhibition celebrating America's confection industry.
Neighborhoods South Bend is not your classic Midwestern city. With a quick exploration of the city's neighborhoods you can easily see the diversity and charm that truly hold South Bend together. Though South Bend is home to nearly 30 unique neighborhoods, they are often grouped together by geographic location: