ZIP Code 46616 — South Bend, IN Home Prices (2026)
The typical home in ZIP 46616 (South Bend, Indiana) is worth about $155,000 at roughly $124 per square foot — 15% more affordable than the South Bend median and 47% more affordable than the typical U.S. home.
How 46616 compares
ZIP 46616 is one of the more affordable ZIP codes in South Bend: its typical home value of $155,000 ranks #7 of the 9 South Bend ZIP codes we track (the citywide range runs from $113,000 in 46613 to $338,000 in 46617). Per square foot it costs about $124, against $147 for South Bend as a whole, $155 for Indiana, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 46616 | $155,000 | $124 |
| South Bend, IN | $182,000 | $147 |
| Indiana | $237,000 | $155 |
| United States | $294,000 | $195 |
Home value by size in 46616
Using this ZIP’s rate of about $124 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $124,000 |
| 1,500 sq ft | $186,000 |
| 2,000 sq ft | $248,000 |
| 2,500 sq ft | $310,000 |
| 3,000 sq ft | $372,000 |
Salary needed to buy a home in ZIP 46616
To buy the typical $155,000 home in ZIP 46616 with 20% down, you need a household income of roughly $42,000 a year (about $980 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $50,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $7,800 | $1,220/mo | $52,000/yr |
| 10% (+PMI) | $15,500 | $1,170/mo | $50,000/yr |
| 20% | $31,000 | $980/mo | $42,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 46616
At about $124 per square foot, here is roughly how much home different budgets get you in ZIP 46616:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1210 sq ft | around the typical home here |
| $200k | 1610 sq ft | around the typical home here |
| $250k | 2020 sq ft | above the median — larger homes or the pricier ZIPs |
| $300k | 2420 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 46616 home.
Estimate a specific home in 46616
The estimator below is pre-set to ZIP 46616 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All South Bend ZIP codes by home value
Where 46616 sits among South Bend’s 9 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 46617 | $338,000 | $285 |
| 2 | 46635 | $272,000 | $154 |
| 3 | 46637 | $260,000 | $217 |
| 4 | 46615 | $186,000 | $170 |
| 5 | 46628 | $182,000 | $147 |
| 6 | 46601 | $156,000 | $107 |
| 7 | 46616 (this page) | $155,000 | $124 |
| 8 | 46619 | $142,000 | $132 |
| 9 | 46613 | $113,000 | $99 |
ZIP 46616 home prices: frequently asked
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See the full South Bend home values page, all Indiana cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.