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Housing market/Indiana/ZIP 46561

ACS 2023 · FY2027 SAFMR

ZIP 46561 Osceola, 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.

Population
14,499
Households
5,404
Median HH income
$83,520
Renter share
14.1%
Median gross rent
$1,137
Vacancy
3.1%
Pop. change
+6.7%
2BR SAFMR
$1,420
SAFMR / rent
1.249×
2–49 unit stock
269
LIHTC proj / units
1 / 184
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 46561 · IN — sent to you.

ZIP 46561 · IN

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ACS rent vs 2BR SAFMR

ZIP 46561 — Osceola, IN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,137
2BR SAFMR$1,420
90% floor$1,278
110% ceiling$1,562

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 46561

  • 1-unit detached4,78285.7%
  • 2–4 units551.0%
  • 5–49 units2143.8%
  • 50+ units400.7%
  • Mobile4898.8%
TypeUnitsShare
1-unit detached4,78285.7%
1-unit attached00.0%
2 units (duplex)450.8%
3–4 units100.2%
5–9 units1853.3%
10–19 units290.5%
20–49 units00.0%
50+ units400.7%
Mobile4898.8%

2–4 unit share 1.0% · 5–49 unit share 3.8% · combined 2–49 4.8%.

Units by bedrooms

Studio
29
1BR
51
2BR
1,084
3BR
3,108
4BR
1,083
5+
225

Rent burden

Rent ≥30% of income43.1%
Rent ≥50% of income22.5%
  • ACS median gross rent $1,137 (all bedrooms, occupied rentals).
  • Median contract rent $943.
  • Renters paying ≥30% of income 43.1%; ≥50% 22.5%.
  • FY2027 2BR SAFMR $1,420 (1.249× ACS median gross rent).

Population

14,499 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +6.7%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 184 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 223 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 46561 14.1% of occupied households are renters; vacancy is 3.1%; ACS median gross rent is $1,137; population increased +6.7% between the 2018 and 2023 ACS vintages; the housing stock includes 55 units in 2–4-unit structures and 214 units in 5–49-unit structures; 1 LIHTC projects totaling 184 units; FY2027 2BR SAFMR is $1,420 versus ACS median gross rent of $1,137. 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 46561 is a Census / HUD profile for South Bend-Mishawaka, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 46561 — Osceola, IN HUD Section 8 Payment Standards / SAFMR·Indiana ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
46517South Bend-Mishawaka, IN HUD Metro FMR Area38.6%$942$1,17046530South Bend-Mishawaka, IN HUD Metro FMR Area13.6%$1,594$1,91046544South Bend-Mishawaka, IN HUD Metro FMR Area33.6%$1,018$1,24046545South Bend-Mishawaka, IN HUD Metro FMR Area50.6%$986$1,35046546South Bend-Mishawaka, IN HUD Metro FMR Area——$1,28046552South Bend-Mishawaka, IN HUD Metro FMR Area15.5%$811$1,26046554South Bend-Mishawaka, IN HUD Metro FMR Area9.3%$855$1,17046556South Bend-Mishawaka, IN HUD Metro FMR Area96.8%$992$1,37046573South Bend-Mishawaka, IN HUD Metro FMR Area8.1%$1,054$1,29046595South Bend-Mishawaka, IN HUD Metro FMR Area0.0%—$1,28046601South Bend-Mishawaka, IN HUD Metro FMR Area80.2%$784$1,17046613South Bend-Mishawaka, IN HUD Metro FMR Area45.2%$991$1,220

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 46561?

ZIP 46561 (South Bend-Mishawaka, IN HUD Metro FMR Area) has 14,499 residents, 5,404 households, a renter share of 14.1%, median household income of $83,520, and ACS 2023 median gross rent of $1,137. Vacancy is 3.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 46561?

ACS counts 45 units in 2-unit buildings, 10 in 3–4 unit buildings, 185 in 5–9, 29 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 269 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 46561?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,420. See the full schedule and 90–110% payment-standard band on the ZIP 46561 — Osceola, IN HUD Section 8 Payment Standards / SAFMR.

Does this Indiana ZIP profile include Georgia listings?

No. ZIP 46561 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.