How much house does $500,000 buy you in South Bend?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about South Bend?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in South Bend right now. Listings below $500,000 were included if necessary.
70700 Ironwood Dr, Niles, MI 49120
- Price: $469,900
- 9 bedrooms, 6 bathrooms
- Square feet: 9,999
- See 70700 Ironwood Dr, Niles, MI 49120 on Redfin.com
212 Marquette Ave, South Bend, IN 46617
- Price: $479,000
- 6 bedrooms, 2 bathrooms
- Square feet: 2,899
- See 212 Marquette Ave, South Bend, IN 46617 on Redfin.com
831 W Colfax Ave, South Bend, IN 46601
- Price: $449,900
- 5 bedrooms, 5.5 bathrooms
- Square feet: 4,504
- See 831 W Colfax Ave, South Bend, IN 46601 on Redfin.com
1026 N Michigan St, South Bend, IN 46617
- Price: $499,900
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,831
- See 1026 N Michigan St, South Bend, IN 46617 on Redfin.com
11487 Wilkins Mill Dr, Granger, IN 46530
- Price: $495,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,522
- See 11487 Wilkins Mill Dr, Granger, IN 46530 on Redfin.com
64500 Maple Rd, Lakeville, IN 46536
- Price: $464,900
- 5 bedrooms, 2 bathrooms
- Square feet: 4,368
- See 64500 Maple Rd, Lakeville, IN 46536 on Redfin.com
19315 Church St, Marcellus, MI 49067
- Price: $475,000
- 4 bedrooms, 4 bathrooms
- Square feet: 2,920
- See 19315 Church St, Marcellus, MI 49067 on Redfin.com
16770 Cedar Crest Ct, Granger, IN 46530
- Price: $497,500
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,782
- See 16770 Cedar Crest Ct, Granger, IN 46530 on Redfin.com
59249 High Pointe Dr, South Bend, IN 46614
- Price: $469,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,705
- See 59249 High Pointe Dr, South Bend, IN 46614 on Redfin.com
60506 Woodstock Dr, South Bend, IN 46614
- Price: $489,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,494
- See 60506 Woodstock Dr, South Bend, IN 46614 on Redfin.com
11625 Sharpe Bridge Ct, Granger, IN 46530
- Price: $468,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,483
- See 11625 Sharpe Bridge Ct, Granger, IN 46530 on Redfin.com
4627 Pier Ct, South Bend, IN 46628
- Price: $479,999
- 4 bedrooms, 3 bathrooms
- Square feet: 3,136
- See 4627 Pier Ct, South Bend, IN 46628 on Redfin.com
51650 Prescott Ave, South Bend, IN 46637
- Price: $474,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,515
- See 51650 Prescott Ave, South Bend, IN 46637 on Redfin.com
51670 Prescott Ave, Roseland, IN 46637
- Price: $464,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,415
- See 51670 Prescott Ave, Roseland, IN 46637 on Redfin.com
17843 Williamsville St, Cassopolis, MI 49031
- Price: $475,000
- 4 bedrooms, 3 bathrooms
- Square feet: 1,381
- See 17843 Williamsville St, Cassopolis, MI 49031 on Redfin.com
3030 S Michigan St, South Bend, IN 46614
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,726
- See 3030 S Michigan St, South Bend, IN 46614 on Redfin.com
13652 Ravenwood Dr, Granger, IN 46530
- Price: $479,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,208
- See 13652 Ravenwood Dr, Granger, IN 46530 on Redfin.com
50749 Canyon Ridge Dr, Granger, IN 46530
- Price: $465,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,150
- See 50749 Canyon Ridge Dr, Granger, IN 46530 on Redfin.com
22301 Forest Ave, Cassopolis, MI 49031
- Price: $450,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,153
- See 22301 Forest Ave, Cassopolis, MI 49031 on Redfin.com
55945 Inn D Inn Dr, Dowagiac, MI 49047
- Price: $465,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,900
- See 55945 Inn D Inn Dr, Dowagiac, MI 49047 on Redfin.com
51156 Maple Rd, Marcellus, MI 49067
- Price: $499,500
- 4 bedrooms, 2 bathrooms
- Square feet: 2,123
- See 51156 Maple Rd, Marcellus, MI 49067 on Redfin.com
68707 Bois De Leo Dr, White Pigeon, MI 49099
- Price: $475,000
- 3 bedrooms, 3 bathrooms
- Square feet: 1,776
- See 68707 Bois De Leo Dr, White Pigeon, MI 49099 on Redfin.com
32811 Nature View Dr, New Carlisle, IN 46552
- Price: $489,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,818
- See 32811 Nature View Dr, New Carlisle, IN 46552 on Redfin.com
509 N Arthur St, South Bend, IN 46617
- Price: $449,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,370
- See 509 N Arthur St, South Bend, IN 46617 on Redfin.com
13322 State Line Rd, Granger, IN 46530
- Price: $484,900
- 3 bedrooms, 2 bathrooms
- Square feet: 3,448
- See 13322 State Line Rd, Granger, IN 46530 on Redfin.com
2001 E Jefferson Blvd, South Bend, IN 46617
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 3,212
- See 2001 E Jefferson Blvd, South Bend, IN 46617 on Redfin.com
1334 Keady Ct, South Bend, IN 46614
- Price: $469,999
- 3 bedrooms, 2 bathrooms
- Square feet: 1,722
- See 1334 Keady Ct, South Bend, IN 46614 on Redfin.com
55260 Filbert Rd, Mishawaka, IN 46545
- Price: $450,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,656
- See 55260 Filbert Rd, Mishawaka, IN 46545 on Redfin.com
24948 Lake Shore Dr, Dowagiac, MI 49047
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,386
- See 24948 Lake Shore Dr, Dowagiac, MI 49047 on Redfin.com
143 S Front St, Dowagiac, MI 49047
- Price: $450,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 4,246
- See 143 S Front St, Dowagiac, MI 49047 on Redfin.com
