menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Mishawaka, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mishawaka, IN Housing Market Trends

With 50,913 people, 23,191 houses or apartments, and a median cost of homes of $178,035, house prices in Mishawaka are solidly below the national average.

Single-family detached homes are the single most common housing type in Mishawaka, accounting for 49.97% of the city's housing units. Other types of housing that are prevalent in Mishawaka include large apartment complexes or high rise apartments ( 32.13%), duplexes, homes converted to apartments or other small apartment buildings ( 8.47%), and a few row houses and other attached homes ( 5.78%).

People in Mishawaka primarily live in small (one, two or no bedroom) single-family detached homes. Mishawaka has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Mishawaka built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mishawaka built between 1940-1969 ( 26.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.79%). There's also some housing in Mishawaka built before 1939 ( 16.80%).

Mishawaka Home Appreciation Rates

Appreciation rates for homes in Mishawaka have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.47%, which ranks in the top 50% nationwide. This equates to an annual average Mishawaka house appreciation rate of 6.54%.

Over the last year, Mishawaka appreciation rates have trailed the rest of the nation. In the last twelve months, Mishawaka's appreciation rate has been 4.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mishawaka were at -3.40%, which equates to an annual appreciation rate of -12.93%.

Notably, Mishawaka's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Mishawaka's latest annual appreciation rate is lower than 70% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Mishawaka differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mishawaka - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Mishawaka real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$178,035

Mishawaka, IN Home Prices
> $1,306,000
$979,001 - $1,306,000
$653,001 - $979,000
$522,001 - $653,000
$392,001 - $522,000
$261,001 - $392,000
$131,001 - $261,000
$65,001 - $131,000
$0 - $65,000
0.2%
0.2%
0.6%
0.6%
1.9%
1.9%
1.6%
1.6%
5.4%
5.4%
17.6%
17.6%
47.3%
47.3%
21.6%
21.6%
3.6%
3.6%
0% 100.0%
% of Homes
Low

for Indiana

Low

for nation

Number of Homes And Apartments:

23,191

Mishawaka Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,405 / per month

Homeownership Rate

Owners
Renters
47.4%
47.4%
52.6%
52.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.8%
8.8%
91.2%
91.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.8%
17.8%
39.3%
39.3%
26.1%
26.1%
16.8%
16.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
50.0%
50.0%
5.8%
5.8%
8.5%
8.5%
32.1%
32.1%
3.6%
3.6%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.1%
2.1%
20.0%
20.0%
36.6%
36.6%
29.1%
29.1%
9.6%
9.6%
2.6%
2.6%
0% 100.0%
% of Homes