The story of this market
The typical home in ZIP 46561 sells for about $318,450, or $201 per square foot.
Prices are up +3.4% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,199 a month.
ZIP 46561 — Osceola
The 46561 housing market shows a median list price of approximately $318,450 with modest year-over-year growth of 3.4%. Market conditions are characterized by vacancy pressure and economic challenges, suggesting a cautious outlook for investors.
This area is suited for investors willing to perform substantial work to achieve pro forma returns, as the market rewards specialists over generalists.
Median prices moved up 3.4% year over year.
Homes spend a median of 35 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.6% · poverty 10.1% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46561, St. Joseph County, Indiana
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
The rental market in 46561 faces vacancy pressure and tenant stability concerns, requiring careful management for investors.
The local economy faces challenges with softer price growth and economic pressure over the last decade.
Data sourced from Repit and ZipNumbers
- Smiley's Space Themed Adventure Park4.34.2 mi
- Niles Scream Park4.416.4 mi
- Sky Zone Trampoline Park4.16.1 mi
- Amazing Acres4.511 mi
- Chuck E. Cheese3.75.8 mi
- Notre Dame Stadium4.88.1 mi
- Elkhart County 4-H Fairgrounds4.515.5 mi
- Golden Corral Buffet & Grill45.8 mi
- Compton Family Ice Arena4.87.9 mi
- Joyce Center4.78 mi
- Potawatomi Zoo4.56.9 mi
- Cinemark South Bend and SCREENX4.66.1 mi
- Basilica of the Sacred Heart4.98.5 mi
- Smiley's Space Themed Adventure Park4.34.2 mi
- AMC CLASSIC South Bend 1649.1 mi
- Indiana Dinosaur Museum4.213.9 mi
- RV/MH Hall of Fame4.611.4 mi
- Fernwood Botanical Garden4.719.4 mi
- Studebaker National Museum4.89.2 mi
- The Lerner Theatre4.75.9 mi
- Howard Park4.78.2 mi
- Wellfield Botanic Gardens4.86 mi
- Central Park4.64.9 mi
- St. Patrick's County Park4.711.3 mi
- Ox Bow Park4.79.5 mi
- Boat Ramp Diamond Lake4.416.4 mi
- Wyland's Mishawaka Marina4.42 mi
- Warren Golf Course4.67.8 mi
- Knollwood Country Club4.48.3 mi
- Signature Lanes/Club300/Club300Golf4.110 mi
- Morris Park Country Club4.76.7 mi
- Juday Creek Golf Course3.85.3 mi
- University Park Mall4.36.7 mi
- Meijer4.16 mi
- Meijer4.111.3 mi
- Meijer4.25.2 mi
- Meijer4.57 mi
- South Bend International Airport4.312.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.