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City · 51,021 residents · St. Joseph County, Indiana

Mishawaka , Indiana

In Mishawaka, a typical home is worth $155,500 and typical rent is $1,070 a month. Compared with all of St. Joseph County, the typical home value is 19% lower, typical household income is 19% lower, and the share of households that own their home is 20 points lower.

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  • Typical home value

    $155,500

    19% below the county

    29% below Indiana

    • Mishawaka
    • St. Joseph
    • Indiana

  • Typical rent

    $1,070a month

    About the same as the county

    About the same as Indiana

    • Mishawaka
    • St. Joseph
    • Indiana

  • Typical household income

    $54,291a year

    19% below the county

    25% below Indiana

    • Mishawaka
    • St. Joseph
    • Indiana

  • Households that own their home

    49%

    20 points below the county

    21 points below Indiana

    • Mishawaka
    • St. Joseph
    • Indiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$213,314
5.8% more than 12 months ago
Typical rent
$1,196 a month
0.7% less than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Mishawaka is in St. Joseph County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of St. Joseph County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Mishawaka apart

What this place has that others do not, from public data, most unusual first.

  1. 49% of households in Mishawaka own their home, against 69% in St. Joseph County.

  2. The typical home in Mishawaka is worth $155,500, 19% less than in St. Joseph County as a whole ($192,800).

  3. The typical household income in Mishawaka is $54,291, 19% less than in St. Joseph County as a whole ($66,868).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Mishawaka

What homes there are in Mishawaka, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

No kind of home is the majority in Mishawaka; the largest group, detached houses, adds up to 50%, less than in St. Joseph County (74%).

Year built

Here half of the homes date from 1975 or later; in St. Joseph County, from 1968 or later.

Homes in Mishawaka are smaller: 43% have 3 bedrooms or more; in St. Joseph County, 61%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 96% of owner-occupied homes in Mishawaka are worth less than $500,000, below the FHA loan limit for St. Joseph County ($541,287).

Monthly rent with utilities

Measured against HUD's 2-bedroom fair market rent ($1,276), about 64% of rented homes in Mishawaka cost less.

With a mortgage

$1,192 a month

St. Joseph County: $1,291 a month

Without a mortgage

$452 a month

St. Joseph County: $479 a month

Owners with a mortgage

63%

St. Joseph County: 60%

In Mishawaka, 63% of owners have a mortgage, and their typical cost is $1,192 a month, against $1,291 in St. Joseph County. Without one it drops to $452.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in St. Joseph County, the typical home value in Mishawaka rose 51% since 2015–2019.

Since 2015–2019, the typical rent in Mishawaka rose 37%, more than in St. Joseph County (34%).

Housing prices ran ahead of income in Mishawaka: typical income rose 26%, against +51% for home values and +37% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMishawakaSt. Joseph CountyIndianaUnited States
Rental vacancy 4.6%6.1%5.6%5.5%
Homeowner vacancy Unreliable estimate0.7%0.8%0.9%
More than one person per room 2.1%1.6%1.8%3.4%
People per household 2.182.442.462.53
Drive alone 79%75%76%69%
Carpool 9%9%9%9%
Public transit Unreliable estimate1%1%3%
Walk or bike 2%4%2%3%
Work from home 8%11%11%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

There is little rental housing open in Mishawaka: only 4.6% is empty and offered for rent, against 6.1% in St. Joseph County.

More than one person per room: that is how 2.1% of households in Mishawaka live, near the figure in St. Joseph County (1.6%).

Fewer people live in each home here: 2.18 on average, against 2.44 in St. Joseph County.

In Mishawaka, 79% of workers drive alone to work; in St. Joseph County, 75%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Mishawaka?

A typical home is tight for the typical income

We start with a typical home in Mishawaka, worth $155,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 28% of the typical household income in Mishawaka, which is $54,291 a year. For that payment to be 28% of income, a household would need to earn about $55,051 a year.

The calculator's FHA and conventional loan limits are those of all of St. Joseph County.

Your numbers

Local data
$

Starts at the typical home value in Mishawaka. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,443 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,285

at 7.18% · 30 years

Loan amount
$152,683
Total interest
$219,675
Paid off in
November 2056

Includes $2,626 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,267 a month

  • Tight

    $1,267 to $1,629 a month

    Your payment · 28%

  • Hard

    more than $1,629 a month

Compared with the typical household income in Mishawaka ($54,291 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,285
Principal & interest$1,034
Property tax$117
Home insurance$65
FHA mortgage insurance (MIP)$69

You need at least $5,443 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Mishawaka and St. Joseph County

Mishawaka is in St. Joseph County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Mishawaka's own numbers

Typical home value
$155,500
Typical monthly rent
$1,070
Typical yearly household income
$54,291
Households that own their home
49%
Effective property tax rate
0.9%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of St. Joseph County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,276
Price change over 5 years (FHFA)
+59%
Homes in a high flood-risk zone
0.6%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of St. Joseph County.

Everything about St. Joseph County

Buying

Buying a home in Mishawaka

A typical home in Mishawaka is worth $155,500: 19% below the county and 29% below Indiana. With the typical household income in Mishawaka ($54,291 a year), a typical home costs 2.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Mishawaka 2.9 years
  • St. Joseph 2.9 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in St. Joseph County

According to FHFA’s house price index, home prices in St. Joseph County rose 106% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of St. Joseph County.

Period County Indiana U.S.
Last year (2025) +3.8% +4.3% +2.9%
5 years (2020–2025) +59% +53% +47%
10 years (2015–2025) +106% +95% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Mishawaka next to St. Joseph County, Indiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Mishawaka $155,500
  • St. Joseph $192,800
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Mishawaka $1,070
  • St. Joseph $1,062
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Mishawaka $54,291
  • St. Joseph $66,868
  • Indiana $71,957
  • United States $80,734
See the full table
Mishawaka next to St. Joseph County and Indiana
Measure Mishawaka St. Joseph County Indiana U.S.
Typical home value $155,500 $192,800 $218,200 $332,700
Typical monthly rent $1,070 $1,062 $1,062 $1,413
Typical yearly household income $54,291 $66,868 $71,957 $80,734
Households that own their home 49% 69% 71% 65%
Typical yearly property tax $1,405 $1,665 $1,614 $3,119
Effective property tax rate 0.9% 0.86% 0.74% 0.94%
Renters with high rent for their income 48% 49% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below St. Joseph County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Mishawaka

For a typical $155,500 home in Mishawaka, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Mishawaka's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,285a month

    Least cash to close
    Down payment
    $5,443
    Cash to close
    $10,108
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $69

  • Conventional, 5% down $1,256a month

    Down payment
    $7,775
    Cash to close
    $12,440
    Rate
    7.18%
    Mortgage insurance
    PMI · $74

  • Conventional, 20% down, no PMI $1,024a month

    Down payment
    $31,100
    Cash to close
    $35,765
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,168a month

    Down payment
    $23,325
    Cash to close
    $27,990
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Mishawaka and for St. Joseph County.

Property tax

Effective rate in Mishawaka

0.9%of the home’s value each year

$1,405 a year for the typical owner in Mishawaka.

  • Mishawaka 0.9%
  • St. Joseph 0.86%
  • Indiana 0.74%

What Indiana publishes Homestead standard deduction: the amount drops each year (Indiana Department of Local Government Finance (DLGF), Form HC10)

Exemptions and deadlines in Indiana

Flood risk in St. Joseph County

FEMA does not publish these numbers by city: they are for all of St. Joseph County.

Homes in the high-risk zone
0.6%
611
Of those, with NFIP insurance
18%
County Indiana U.S.
Homes in the high-risk zone 0.6% 2.3% 3.5%
Of those, with NFIP insurance 18% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Mishawaka

Typical rent in Mishawaka is $1,070 a month: about the same as the county. In Mishawaka, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of St. Joseph County, by unit size. To pay the 2-bedroom one ($1,276 a month) without spending more than 30% of your income, you would need to earn $24.54 an hour working full time.

HUD fair market rent for all of St. Joseph County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $937 $18.02 $37,480
1 bedroom $1,093 $21.02 $43,720
2 bedrooms $1,276 $24.54 $51,040
3 bedrooms $1,545 $29.71 $61,800
4 bedrooms $1,677 $32.25 $67,080

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Mishawaka

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Mishawaka has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,240 in 46544 to $1,350 in 46545.

1 of the 2 is above the fair market rent for St. Joseph County ($1,276).

  • 46544 $1,240$1,500
  • 46545 $1,350$1,630

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Mishawaka when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Mishawaka

HUD lists 17 buildings with rents for lower incomes in Mishawaka. These are the largest.

  • River View 500 500 Lincolnway E, Mishawaka 46544 151 low-income homes · Run by Housing Authority of the City of Mishawaka · Average payment: $421 a month · Average wait: 12 months (574) 258-1658
  • Barbee Creek Village 506 E 12th St, Mishawaka 46544 148 low-income homes · Run by Housing Authority of the City of Mishawaka · Average payment: $395 a month · Average wait: 44 months (574) 258-1658
  • The Preserve at Fir Road 2705 Spicer Ln, Mishawaka 46545 144 homes, 122 low-income · 2 bd: 76 · 3 bd: 46 · 4 bd: 22 · In service since 2008 · For people with disabilities, families
  • Silver Birch of Mishawaka 3630 Hickory Rd, Mishawaka 46545 119 low-income homes · Studio: 69 · 1 bd: 45 · In service since 2019
  • Silver Birch of Mishawaka 3630 Hickory Rd, Mishawaka 46545 119 low-income homes · Studio: 68 · 1 bd: 51 · In service since 2019

See all 54 buildings in St. Joseph County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Mishawaka

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in St. Joseph County. The nearest ones are below; many serve by phone or online.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Mishawaka

No down payment, repair or rent-help program on our list is for Mishawaka or St. Joseph County. The ones below are statewide in Indiana: they work in Mishawaka the same as in the rest of the state.

Which programs do I qualify for? All programs in Indiana

  • Next Home

    Statewide in Indiana

    Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Type not stated

    See the program Official page

  • First Step

    Statewide in Indiana

    Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Deferred

    See the program Official page

Housing counselors near Mishawaka

The HUD-approved agencies closest to the center of Mishawaka, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Lacasa of Goshen Inc - Branch Office

    516 S Main St, Elkhart · 10 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 3 more
    (574) 533-4450

  • Lacasa of Goshen, Inc.

    202 N Cottage Ave, Goshen · 18 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    574-533-4450x72

  • City of Gary Department of Community Development

    401 Broadway, Gary · 61 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (219) 881-5075

All counseling agencies in Indiana

Help in Spanish near Mishawaka

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Mishawaka

HUD’s record names them for Mishawaka or St. Joseph County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the City of Mishawaka Public housing and Section 8 vouchers (574) 258-1658
  • St. Joseph County Housing Authority Section 8 vouchers (574) 656-3545

One other authority has an office in St. Joseph County: see the list Source: HUD

Cities

Other cities in St. Joseph County

These cities are also in St. Joseph County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about St. Joseph County Housing in Indiana

Nearby cities

The cities closest to Mishawaka, with the typical home value.

Neighboring counties

If St. Joseph County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Mishawaka.

All guides
Two parents walk hand in hand with their little daughter.

Questions

Housing questions about Mishawaka

Short answers with the numbers for Mishawaka and all of St. Joseph County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Mishawaka?

The typical home value in Mishawaka is $155,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in St. Joseph County it is $192,800.

How much does it cost to rent in Mishawaka?

Typical rent in Mishawaka is $1,070 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in St. Joseph County is $1,276.

What is the FHA loan limit in Mishawaka?

Mishawaka uses the FHA limit for all of St. Joseph County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Mishawaka?

The typical homeowner in Mishawaka pays $1,405 a year, according to the U.S. Census Bureau. That is 0.9% of the home’s value; in St. Joseph County, the rate is 0.86%.

Where can I find free help to buy or rent in Mishawaka?

We found no HUD-approved counseling agencies with an office in St. Joseph County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).