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These days, finding an affordable place to live in the Mishawaka area can be challenging. Home prices in Mishawaka are now at a median cost of $189,592, lower than the Indiana average of $232,932.
The average cost of rent is $1,060/mo in Mishawaka, primarily driven by the current value of real estate in the Mishawaka area. In Mishawaka, 40.57% of households rent, and 39.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mishawaka is $5,681 per month. Households that rent pay about 18.66% of their income on rent here. Mishawaka’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Osceola, IN: higher priced homes
- Notre Dame, IN: less expensive homes
- South Bend, IN: less expensive homes
- Granger, IN: higher priced homes
- Roseland, IN: less expensive homes
- Elkhart, IN: equally priced homes
- Woodland, IN: higher priced homes
- Kessington, MI: higher priced homes
- Chain-O-Lakes, IN: higher priced homes
- Wyatt, IN: higher priced homes
Cities with Similar Populations
- Apple Valley, MN: higher priced homes
- Woodbridge, VA: higher priced homes
- Wheaton, IL: higher priced homes
- Weymouth Town, MA: higher priced homes
- Westminster, MD: higher priced homes
- Venice, FL: higher priced homes
- Twin Falls, ID: higher priced homes
- Stillwater, OK: higher priced homes
- St. Clair Shores, MI: higher priced homes
- Monroe, NC: higher priced homes
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