South Bend - 46616

As of October of 2024, Homes in 46616 ZIP Code have appreciated by 7.97%, with the median home value standing at $140,299, according to Zillow.

There are currently 95 active short-term rentals in 46616 ZIP Code. The average daily rate for these rentals is $218. This translates to an annual revenue of $28,320 for short-term rentals as of October of 2024.

46616 ZIP Code is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.

As of October of 2024, the average gross yield for short-term rentals in 46616 ZIP Code is 20.15%. However, potential investors should also consider the average property tax, which stands at 0.94% according to SmartAsset.

The median household income in 46616 is $58,231.

As of October of 2024, the occupancy rate for Airbnb rentals in 46616 is 49%, which is lower than the average occupancy rate for the United States.

As of October of 2024 The unemployment rate in 46616 ZIP Code is 5.1%, which is higher than the national average of 4.1%.

The most impactful amenities for short-term rentals in 46616 include a Paid parking on premises, Beach essentials, and Pool table.

46616 ZIP Code is a popular destination for travelers, with Airbnb demand coming from cities like Chicago, IL (10.30% of all guests), Indianapolis, IN (2.79% of all guests), and South Bend, IN (1.67% of all guests).

The top short-term rental hosts in 46616 ZIP Code include Evolve, Doug and Brooke. These hosts have an average rating of 4.85, 4.95 and 4.94 respectively.

The most popular property types in 46616 ZIP Code are 2-bedroom units, with an average daily rate of $218 and an annual revenue of $32,938.

The average booking lead time for short-term rentals in 46616 ZIP Code is 85 days.