The Penn-Harris-Madison school district is a popular choice for parents in the Mishawaka, Granger and Osceola area.If you’re looking to buy a house in the PHM Schools district, there are many
South Bend Median mortgage borrower’s debt-to-income ratio: 34.5%
Dated: November 2 2019
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Excerpt from article on Reator.com Click here to read the full article.
Median list price: $160,000
News flash: South Bend isn’t Chicago. It doesn’t have the high prices (the median is $289,950 in Chicago,) expensive property taxes, and traffic of its gigantic neighbour two hours to the east on Lake Michigan. And that’s made the college town of South Bend something of a go-to for Illinois expats.
“They see how much they can get with their money,” says Beau Dunfee, managing broker at Weichert Realtors, Jim Dunfee & Associates in South Bend. “So they make the move.”
The city revolves around the University of Notre Dame and its Fighting Irish football team. The college and its respected law and business schools ensure that this city has a number of well-paid professionals. And these folks are buying up colorful 100-year-old Victorian homes that line the historic downtown.
“We really don’t see a lot of debt, because the homes are so affordable. People can easily save up for a 20% threshold,” Dunfee says. And bigger down payments mean smaller mortgages.
Beau Dunfee
Born and raised in South Bend, Indiana, Beau is the product of a true real estate family. On his father's side of the family, Beau is a fourth-generation Realtor and a third-generation Realtor on his ....
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IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS.
Information last updated on January 21, 2021 2:15 PM UTC
