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Mishawaka city, IN

ZIP 46545 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46545

Median Home Value
$174,700
Median Rent
$862
Affordability Snapshot
$48,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,122/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

16.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 46545 in Mishawaka city, IN, a household would need roughly $48,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,122. That sits below the local median household income ($55,889), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
49.4%-24% vs US avg
x
Vacancy Rate
9.2%-11% vs US avg
x
Broadband Access
88.0%+1% vs US avg
x
4+ Bedrooms
3.9%-74% vs US avg
x
Built Pre-1939
6.4%-50% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
20.1%-60% vs US avg
x
Mortgage-Free
36.3%-5% vs US avg
x
$174,700
Home Value
$862
Rent
1974
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached50.4%
  • 1-unit attached7.3%
  • 2-9 units18.8%
  • 10+ units20.1%
  • Mobile home & other3.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$174,700
Median rent$862
Owner-occupied49.4%
Vacant9.2%
Price-to-income3.1x
Est. income to buy$48,000