Introduction
South Bend, home to the University of Notre Dame and known for its rich history and revitalized downtown, offers a diverse range of opportunities for short-term rental investments. The city’s steady influx of students, tourists, and business travelers ensures a strong demand for rentals year-round. Here’s a breakdown of the top-performing zip codes for short-term rental investments, including gross yields, annual revenues, Zillow home values, and insights into each area.
46614: Erskine Park & Southside South Bend
- Gross Yield: 21%
- Annual Revenue: $47,622
- Zillow Home Value: $224.3K
Zip code 46614 encompasses neighborhoods like Erskine Park and Southside South Bend, which are known for their suburban feel, tree-lined streets, and proximity to Erskine Golf Course. With the highest gross yield on this list at 21%, investors can expect significant returns, supported by an impressive annual revenue of $47,622. The Zillow home value of $224.3K reflects the area’s desirability and stability, making it a sound investment choice. The presence of shopping centers and easy access to major highways further boosts its rental appeal.
46616: Near West Side & LaSalle Area
- Gross Yield: 20%
- Annual Revenue: $28,320
- Zillow Home Value: $140.3K
This zip code covers the Near West Side and the historic LaSalle Area, where charming older homes are a key attraction. The gross yield here is a strong 20%, and annual revenue is $28,320, making it a lucrative investment option. The affordable Zillow home value of $140.5K provides a low barrier to entry for investors. The area’s rich history and proximity to downtown South Bend make it appealing to tourists and renters seeking a unique, historic experience.
46615: River Park & East Bank
- Gross Yield: 18%
- Annual Revenue: $29,450
- Zillow Home Value: $164.6K
Zip code 46615 includes River Park and parts of the East Bank neighborhood, known for their close proximity to the St. Joseph River and recreational areas like Howard Park. With a gross yield of 18% and annual revenue of $29,450, the area presents a solid return on investment. Zillow home values average $164.6K, providing a good balance between affordability and potential appreciation. The area is popular with students and young professionals due to its vibrant community and easy access to the university and downtown attractions.
