South Bend-Mishawaka, IN-MI · Michigan
Cass County
ZIP 49112
51,606 residents128 permits TTM$68,011 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$205,200
ACS 5-Year
Cap rate proxy
5.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.4%
HUD FMR ÷ ACS HHI
Net migration
+2.04%
IRS SOI
Permits (TTM)
128
Census BPS
Climate risk
47.7
FEMA NRI (0–100)
ZIP 49112
Median home value
—
Gross yield
—
Cap rate
3.6%
Rent gap
—
Affordability
P/I: 4.3R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown7 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 49047 | — | — | — | 4.8% | — |
| 49061 | — | — | — | 4.5% | — |
| 49067 | — | — | — | 4.4% | — |
| 49031 | — | — | — | 4.0% | — |
| 49112 | — | — | — | 3.6% | — |
Ranked by composite score
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Demographics
Owner-occupied
80.5%
Census ACS
Vacancy rate
17.4%
Census ACS
Bachelor's degree +
21.6%
Census ACS
Rent burdened
39.1%
Census ACS (>30% income)
Median age
45.5
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026