Welcome to the College Real Estate Page for the University of Notre Dame in South Bend, Indiana. Many parents ponder whether they should buy or rent while their students attend college. For some the answer is to buy and for others the answer is to rent. College Real Estate hopes to help you find which is the right answer for you. Another great tool in helping you decide is our College Real Estate guide book that walks you through the entire process of buying student property. We hope you find this site useful and welcome any and all feed back. If you would like to be connected with a College Real Estate's exclusive Realtor in South Bend, Indiana please visit our buying page. If you have decided that buying student housing is not the right answer for you and would like to be connected with a leasing specialist please visit our leasing page.
Nestled just northeast of the city of South Bend, Indiana lies one of the most famous Universities in the United States, Notre Dame. The beautiful Notre Dame is the home of the Fighting Irish and to nearly 10,500 students. Nearly 90% of the students that attend Notre Dame are from out of state. With Michigan just a few minutes drive north of campus and Illinois to the west at the intersection of Lake Michigan, the area has been nicknamed Mishiana. And students have only to take a short trip to leave the state, much less the city.
That’s not to say that they should particularly want to, however. While the campus is technically located in Notre Dame, IN, it’s more likely that due to proximity, students would consider South Bend to be the campus hometown. South Bend has several offering for students to enjoy, including bowling alleys, movie theaters, and a great number of restaurants. Efforts are underway to spur economic growth in South Bend. The St. Joe Valley Metronet is a not for profit organization attempting to create a more robust telecommunications infrastructure capable of inexpensive high-speed data transmission. It is thought this could bring more high tech firms to the city and surrounding area. Redevelopment is underway for some of the abandoned industrial facilities, with the abandoned Oliver Corp. buildings being the most recent example of reclaimed property.
Full year tuition: $23,750
Avg. Room/board: $8,300
”This is one of the most affordable places to buy a home in the country”, reports Mary Dunfee of Jim Dunfee Realty. “Listings for 2-3 bedroom homes begin anywhere from 60K-120K.” The Dunfees have been serving the South Bend and surrounding areas for over 45 years now and are College Real Estate’s exclusive partner’s in the area.
Most parents are thrilled when they find out they can buy a home as an investment while their children are at college for such an affordable price. And while the annual appreciation of South Bend has not seen the highs that many booming markets have, it has yet to see the lows that many markets are experiencing now across the country. Rates remain steady as ever, generating upwards of 4% return each year on average.
Apartments and home renting are also popular options for students in this area, but the properties are limited. It’s best to begin your search for a lease about 6 months prior to your planned move-in to assure the best options.
Apartments start at $400 and $150 and up per each additional bedroom.
College Real Estate’s goal is to make the moving transition as worry and stress free as possible so we have created a moving center which provides you with helpful information from your utility providers to local grocery centers, restaurants, churches and much more.
College Real Estate also offers a How To database that will keep a new homeowner or those of you renting a house or an apartment from paying an arm and a leg for a service that can easily be done yourself. You can learn how to fix the garbage disposal, light the pilot light, the best way to get rid of rodents, and many other useful lessons. We invite you to take advantage of this knowledge or even post your own helpful article.