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Home values, rents and more in ZIP code 46545 (Mishawaka, IN)

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$218,000
Metro: $238,000 · U.S.: $366,000
Home values, past year
+6.0%
Metro: +6.3% · U.S.: +1.2%
Typical rent
$1,181/mo
Metro: $1,258 · U.S.: $1,932
Rents, past year
+1.0%
Metro: +2.0% · U.S.: +2.9%
Population
26,606
ACS 2020–24
Median household income
$56,865
Metro: $67,217 · U.S.: $80,734
ZIP codes around 46545, shaded by typical home value4654546544465304651746561466374661546613466354660146556
  • Under $170k
  • $170k–$210k
  • $210k–$250k
  • $250k–$270k
  • $270k+
  • No data
ZIP codes around 46545, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. 46545 is outlined.

How 46545 compares

The typical home in ZIP code 46545 (Mishawaka, IN) is worth about $218,000, according to the Zillow Home Value Index for September 2026. Home values in 46545 are 8% below the typical value in the South Bend metro area ($238,000) and 40% below the U.S. typical value ($366,000).

Over the past year, home values in 46545 rose 6.0%, compared with +6.3% in the South Bend metro area and +1.2% nationally.

Typical rent is $1,181 a month (Zillow Observed Rent Index), 6% below the South Bend metro area ($1,258) and 39% below the U.S. ($1,932). Rents rose 1.0% over the past year.

The median household income is $56,865, against $67,217 in the South Bend metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 26,606 people live in 46545 (American Community Survey 2020–24).

46545 has the 9th-lowest typical home value of the 27 ZIP codes in the South Bend metro area and the 286th-lowest of 697 in Indiana with Zillow figures.

Part of: Mishawaka, IN · St. Joseph County, IN · South Bend metro area · Indiana

More for 46545 in ProMap Plus

These measures are on the map for subscribers. Open ProMap to see them for 46545 and every other place.

  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Zillow 12-month price forecast
  • Crime rates
  • School test scores
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby ZIP codes

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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