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St. Joseph County, IN

Portage

RANK #179 / 996 NAT  ·  #11 / 28 IN  ·  POP 272,388

1YR FORECAST: +2.7%

5YR OUTLOOK: +32%

Our model projects St. Joseph County's housing market to grow +2.7% over the next year, significantly outpacing the national average.

[01] Why St. Joseph County?

The University of Notre Dame, with its iconic Golden Dome, is a central feature of St. Joseph County, Indiana, often the first thing locals mention. Located in north-central Indiana, the county seat, South Bend, is approximately 96 miles east of Chicago, with commuter rail service available to downtown Chicago from South Bend International Airport. The community offers a blend of urban amenities in South Bend and Mishawaka, alongside quieter rural towns like New Carlisle and Walkerton. The St. Joseph River, which gives the county its name, flows through the area, contributing to the natural scenery and providing opportunities for outdoor recreation like paddling and hiking in parks such as St. Patrick's County Park. Life in St. Joseph County offers a balance of educational opportunities and a developing economy. The area is home to several higher education institutions, including the University of Notre Dame, Indiana University–South Bend, and Saint Mary's College. The economy is experiencing growth, particularly in sectors such as advanced manufacturing, healthcare, and technology. Recent developments indicate investment in large-scale projects, including manufacturing and data centers, contributing to job creation and economic activity.

[02] Market Snapshot

Housing Ratio
2.9x

Undervalued relative to economy

GDP Growth
+1.6%

Below national median

Home Prices
+3.8%

Outpacing national median

Climate & Terrain
-2.5

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 2.9x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    University of Notre Dame Education
    2,500+
  2. 2
    Saint Joseph Regional Medical Center Healthcare
  3. 3
    Cleveland-Cliffs (I/N Tek I/N Kote) Manufacturing
  4. 4
    Beacon Health System Healthcare
    1,000+
  5. 5
    Press Ganey Other
    500+
  6. 6
    AM General LLC Manufacturing
  7. 7
    South Bend School System Education
  8. 8
    City of South Bend Government
  9. 9
    St. Joseph County Government Government
  10. 10
    Honeywell Aerospace Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

St. Joseph County U.S. National

The Numbers

DEMOGRAPHICS
Population
272,388
+0.12% YoY
Median Household Income
$61,877
Median Home Value
$165,700
+3.84% 12mo
Median Rent
$969
Average Annual Pay
$59,303
+3.6% YoY
Employment
121,043
+0.1% YoY
Income-to-Home-Value
0.3734
More affordable than average
Migration Inflow
2.0%
of pop. from another state
Bachelor's Degree+
32.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$212,750
Days on Market
43
Moderate pace
Months of Supply
2.2
Seller's market
Sale-to-List Ratio
97.7%
Negotiation room for buyers
Sold Above List
25.0%
Listings w/ Price Drops
27.3%
Building Permits (2024)
752
Single-Family Permits
270

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
9.1
per 100K · nat avg 6.3
Firearm Fatalities
16.3
per 100K · nat avg 14.8
Injury Deaths
84.7
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C+
AIR QUALITY
GRADE
Median AQI (3yr)
51.7
Moderate
Good Air Days
47%
511 of 1,095 days
Unhealthy+ Days (3yr)
20
Includes 1 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
52
2022
52
2023
51
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$16,365M
TOTAL
PROJECT AMOUNT STATUS
AWS Data Center Campus (New Carlisle)
Amazon Web Services (AWS)
$11,000M Under Construction
GM-Samsung SDI EV Battery Plant (New Carlisle)
General Motors & Samsung SDI
$3,500M Under Construction
Microsoft Data Center (Granger)
Microsoft
$1,000M Planned
St. Joseph Energy Center (Natural Gas Power Plant)
Wabash Valley Power Alliance and Hoosier Energy (formerly Ares Management, KPIC USA, Toyota Tsusho)
$700M Operating
Honeysuckle Solar Project
Lightsource BP
$165M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +1.6% 28 percentile
Population Growth +0.1% 35 percentile
Income Growth +5.6% 6 percentile
Vacancy Rate 1.5% 24 percentile
Home Price Change +3.8% 81 percentile
Rent Growth +4.1% 68 percentile
Price/Rent 10x 90 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is St. Joseph County, IN a good place to move to?

St. Joseph County ranks #179 out of 996 U.S. counties on the Boom Town Index with a score of 82/100, placing it in the top tier nationally. Median household income is $61,877 and the underlying growth metrics (housing, migration, income) hold up against peer counties.

Is St. Joseph County affordable?

By national standards, St. Joseph County is quite affordable. Homes here have a median value of $165,700, and the income-to-home-value ratio of 0.37 is well above the U.S. average — especially with median rent at just $969/month. Residents can generally buy a home without being cost-burdened.

Is St. Joseph County growing or shrinking?

Population and employment in St. Joseph County are both close to flat — population +0.1% YoY and jobs +0.1%. Home values shifted +3.8% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are many people relocating to St. Joseph County?

Not particularly — 2.0% of St. Joseph County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

LaPorte County, IN 82 Warrick County, IN 84 Hancock County, IN 80 Grant County, IN 85 Tippecanoe County, IN 77 Vanderburgh County, IN 90 Stark County, OH 82 Brown County, WI 83