Why Live in Monroe Park
Monroe Park, a historic neighborhood in South Bend, is located near the St. Joseph River and south of downtown. The area features a mix of century-old homes, industrial buildings, and office spaces. Known for its proximity to downtown and major roads, Monroe Park offers easy access to main streets and highways. Homes in the neighborhood are generally $100,000 less expensive than the South Bend Metro average, attracting many investors who often convert large multifamily houses into rental units. Despite some homes falling into disrepair or being demolished, the remaining structures showcase South Bend's history with Victorian mansions, worker's cottages, and American Foursquares lining cobblestone streets. Monroe Park Apartments and new developments have revitalized parts of the neighborhood.
Residents enjoy nearby Southeast Neighborhood Park, which includes a playground, basketball court, pavilion, and splash pad. Howard Park, accessible via a pedestrian bridge, offers lighted walking trails, a large playground, and transforms into an ice-skating rink in winter. Local dining options include South Bend Brew Werks, a family-owned brewpub, and Roselily, an upscale eatery known for its seasonal cuisine. Specialty food markets like Super Mercado Rosales and Saigon Market are within a mile, while Save A Lot is a mile northwest. The South Bend Farmer's Market, just across the river, provides fresh produce and artisanal goods three days a week. Monroe Park is also within walking distance of Four Winds Field, home to the South Bend Cubs. Schools in the area include Lincoln Elementary, Jackson Middle School, and Riley High School, one of the most diverse public high schools in Indiana.
Frequently Asked Questions
Is Monroe Park a good place to live?
Monroe Park is a good place to live. Monroe Park is considered somewhat walkable and a biker's paradise. Monroe Park is an urban core neighborhood. Monroe Park has 4 parks for recreational activities. It has a median age of 33. The average household income is $55,739 which is below the national average. College graduates make up 37.6% of residents. A majority of residents in Monroe Park are renters, with 69.3% of residents renting and 30.7% of residents owning their home. A
local real estate agent serving Monroe Park can help you decide if this neighborhood is the right one for you. Learn more on our
Monroe Park neighborhood guide.
How much do you need to make to afford a house in Monroe Park?
The median home price in Monroe Park is $6,300,000. If you put a 20% down payment of $1,260,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $32,590 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $1M a year to afford the median home price in Monroe Park. The average household income in Monroe Park is $56K.
What are the best public schools in Monroe Park?
The best public schools that serve Monroe Park are:
What are the best private schools in Monroe Park?
The best private schools that serve Monroe Park are:
What are the most popular zip codes in Monroe Park, South Bend, IN?
What are the most popular neighborhoods near Monroe Park, South Bend, IN?
Home Trends in Monroe Park, IN
On average, homes in Monroe Park, South Bend sell after 135 days on the market compared to the national average of 70 days. The median sale price for homes in Monroe Park, South Bend over the last 12 months is $5,300,000.
Median Sale Price
$5,300,000
Median Single Family Sale Price
$5,300,000
Average Price Per Sq Ft
$482
Number of Homes for Sale
0
Last 12 months Home Sales
3
Median List Price
$6,300,000
Median Change From 1st List Price
16%