Housing market/Indiana/ZIP 46545
ZIP 46545 Mishawaka, Indiana
South Bend-Mishawaka, IN HUD Metro FMR Area · Indiana. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
Email this profile
HUD schedule, ACS stock, and the 90–110% band for ZIP 46545 · IN — sent to you.
ZIP 46545 · IN
ACS rent vs 2BR SAFMR
ZIP 46545 — Mishawaka, IN HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 46545
- 1-unit detached6,57950.4%
- 1-unit attached9537.3%
- 2–4 units9837.5%
- 5–49 units3,48326.7%
- 50+ units6044.6%
- Mobile4443.4%
2–4 unit share 7.5% · 5–49 unit share 26.7% · combined 2–49 34.2%.
Units by bedrooms
Rent burden
- ACS median gross rent $986 (all bedrooms, occupied rentals).
- Median contract rent $862.
- Renters paying ≥30% of income 48.4%; ≥50% 20.1%.
- FY2027 2BR SAFMR $1,350 (1.369× ACS median gross rent).
Population
26,581 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +6.9%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 2 projects, 263 units.
- HUD project-based assisted MF: 2 properties, 96 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 191 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 46545 50.6% of occupied households are renters; vacancy is 9.2%; ACS median gross rent is $986; population increased +6.9% between the 2018 and 2023 ACS vintages; the housing stock includes 983 units in 2–4-unit structures and 3,483 units in 5–49-unit structures; 2 LIHTC projects totaling 263 units; FY2027 2BR SAFMR is $1,350 versus ACS median gross rent of $986. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Indiana research
ZIP 46545 is a Census / HUD profile for South Bend-Mishawaka, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 46545 — Mishawaka, IN HUD Section 8 Payment Standards / SAFMR·Indiana ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Indiana research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 46545?
ZIP 46545 (South Bend-Mishawaka, IN HUD Metro FMR Area) has 26,581 residents, 11,848 households, a renter share of 50.6%, median household income of $55,889, and ACS 2023 median gross rent of $986. Vacancy is 9.2%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 46545?
ACS counts 122 units in 2-unit buildings, 861 in 3–4 unit buildings, 1,465 in 5–9, 1,270 in 10–19, and 748 in 20–49. Combined 2–49 unit stock is 4,466 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 46545?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,350. See the full schedule and 90–110% payment-standard band on the ZIP 46545 — Mishawaka, IN HUD Section 8 Payment Standards / SAFMR.
Does this Indiana ZIP profile include Georgia listings?
No. ZIP 46545 is Census / HUD research for South Bend-Mishawaka, IN HUD Metro FMR Area. Jeff Crowe CRE does not list Indiana property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.