1031 Exchange South Bend, Indiana

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in South Bend due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

South Bend, Indiana is a part of the South Bend-Mishawake, IN-MI metropolitan area, and contains 16 zip codes, including: 46613, 46601, 46616, 46680, 46614, and 46635.

South Bend Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the South Bend, IN metropolitan area was $868, which is 20.56% lower than 2014 average rent. This represents a compounded annual growth rate of 3.81%. 2019 vacancy in South Bend, IN was 4.70%.

The total population of the city of South Bend, IN has grown 0.68% since 2010. As of 2018, the population was 101,860. The median household income of the South Bend was $38,943, which is 35.41% lower than the national average.

  • metropolitan area South Bend-Mishawake, IN-MI
  • avg rent $868
  • rent growth 20.56%
  • vacancy 4.70%
  • median income $38,943
  • population (2018) 101,860
  • population growth 0.68%
  • vs. nat'l avg 35.41%
  • zip codes 46601 46613 46614 46615 46616 46617 46619 46624 46626 46628 46634 46635 46637 46660 46680 46699

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