Rum Village, South Bend, IN
Rum Village — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Rum Village, South Bend, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
Last verified:
Rum Village Neighborhood Overview
Rum Village is a residential neighborhood located on the west side of South Bend, Indiana. It is named for the adjacent 160-acre Rum Village Park, which serves as a central green space for the community. The area offers a quiet, suburban feel with convenient access to urban amenities.
Lifestyle & Amenities
The neighborhood's primary amenity is Rum Village Park, which features hiking trails, a nature center, and a disc golf course. Residents enjoy easy access to shopping and dining along Western Avenue and South Michigan Street. The community provides a balance of outdoor recreation and everyday conveniences.
Real Estate Market
The Rum Village real estate market is characterized by affordability, with a median home value of approximately $113,800. Homes spend an average of 42 days on the market, and the price per square foot averages about $96.51. The homeownership rate in the area is 19%, indicating a predominantly rental market where median rent is around $707 per month.
Schools & Education
Schools serving the Rum Village neighborhood are part of the South Bend Community School Corporation. Families in the area have access to several public elementary, middle, and high school options. The specific assigned schools can vary based on exact location within the district.
Transportation & Connectivity
Rum Village is well-connected by major roads like Western Avenue and South Michigan Street, providing quick routes to downtown South Bend and the University of Notre Dame. Public bus service is available through the South Bend Public Transportation Corporation (Transpo). The neighborhood's location offers straightforward access to Interstate 31 for regional travel.
Why Choose Rum Village
Rum Village is an ideal choice for budget-conscious renters and first-time homebuyers seeking an affordable entry into the South Bend market. The extensive park system offers a unique benefit for nature lovers and outdoor enthusiasts. Its central location provides a practical balance of tranquility and city access.
Rum Village Market Data
| Metric | Value |
|---|---|
| Median Home Price | $114K |
| Median Gross Rent | $707/mo |
| Median Household Income | $27K |
| Homeownership Rate | 19.4% |
| Renter-Occupied | 80.6% |
| Rental Vacancy Rate | 12.8% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 46601 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Rum Village, South Bend
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Rum Village, South Bend, IN. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12