What's a good cap rate in South Bend?

In South Bend, cap rates typically run around 8.5% (Indiana state median). A deal above that line is outperforming the local market; below it, you're paying up for appreciation or stability. TrueCap shows where any specific South Bend deal lands versus this benchmark.

What's the average rent for a rental in South Bend?

A typical rental in South Bend runs about $1,292–$1,567/mo (HUD Fair Market Rent, 2–3BR). TrueCap auto-fills HUD Fair Market Rent for the exact address you enter.

What is the property tax rate in Indiana?

Indiana's effective property tax rate is about 0.84% of value per year — the figure TrueCap applies by default for South Bend deals. You can override it with the exact local rate.

South Bend, IN

South Bend rental property analysis

South Bend, home to Notre Dame, pairs a recession-resistant university-and-healthcare base with very affordable entry and strong rent ratios.

South Bend market snapshot

Cash-flow market

Higher typical cap rates — built for monthly cash flow more than price growth.

Typical cap rate

8.5%

Indiana state median

Typical rent

$1,292–$1,567/mo

HUD FMR · 2–3BR · 2026

Typical price

$130,000–$210,000

est., all-in

Property tax

0.84%

Indiana effective

Rent is HUD Fair Market Rent where available, otherwise a market estimate; price is a market estimate. Cap-rate and tax are the defaults TrueCap applies — enter a specific address for exact, auto-filled numbers.

Sources & methodology. These are screening defaults and market estimates — not an appraisal, and not financial, tax, or legal advice. Verify rents, taxes, insurance, and local landlord/tenant law against the county assessor and your state's landlord-tenant statute before relying on them.

Data: HUD Fair Market Rent · FRED 30-yr mortgage rate · Tax Foundation (property tax) · Updated June 2026

Metro-level estimates — precision is lower at the neighborhood and parcel level; pull a specific address for exact, auto-filled figures. Reviewed by the TrueCap team. See our full methodology.

Is South Bend a good place to buy rentals?

Notre Dame demand plus low prices drive solid cash-on-cash, and Indiana is landlord-friendly. A dependable cash-flow market with a steady demand floor.

See the full Indianainvesting guide — taxes, landlord law & top metros →

Neighborhoods to look at in South Bend

Near Notre Dame

Student + staff demand, high occupancy.

Granger

Suburb; top schools, low vacancy.

Near West Side

Value-add, cash flow.

Neighborhood notes are starting points, not recommendations — always underwrite the specific property.

Run a South Bend deal in 60 seconds

Paste a South Bend address into TrueCap and get cap rate, cash-on-cash, DSCR, cash flow, and a 10-year projection — auto-filled with Indiana tax and HUD rent so you start from the right assumptions.

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