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Two- and - three - bedroom homes are most prevalent in the near northwest, with <br />three- bedroom being the most common. Homes are nearly evenly split <br />between owner - occupied and renter- occupied. <br />Nearly half of the homes in the near northwest are valued between $50,000 and <br />$99,999. Another 30% are valued below $50,000. Homes valued over <br />$200,000 are rare in the near northwest despite the large, historic nature of <br />many of the homes. <br />Common rents in the near northwest are between $500 and $749 per month <br />(55% of units). Nearly a quarter of the housing units for rent have rents <br />between $750 and $999 per month. <br />Nearly one - quarter of owner - occupied households (both with and without a <br />mortgage) are cost - burdened, meaning they pay more than 30 percent of their <br />HousingTenure (NNN Census Tracts) <br />40 ■ Owner occupied <br />■ Renter occupied <br />household income for housing, taxes, insurance, and utilities. Nearly 60 percent of renters are cost burdened, paying more than 30 percent of <br />their income for housing. Data from the National Low Income Housing Coalition demonstrates that there is need for more affordable housing <br />units for low income households in the City of South Bend. <br />Housing Value (NNN Census Tracts) <br />0% <br />I% �I <br />■ Less than $200 <br />- <br />■ Less than $50,000 <br />24% <br />■ $50,000 - $99,999 <br />'1,6 °– t <br />9$100,000- $149,999 <br />s $150,000 - $199,999 <br />$200,000 - $299,999 <br />$300,000 - $499,999 <br />.�� <br />z $504000 - $999,999 <br />°. $1.000,000 or More <br />Gross Rent (NNN Census Tracts) <br />3% 0% <br />6% 12% <br />■ Less than $200 <br />- <br />■$200 -$299 <br />24% <br />s $300 -$499 <br />z $500 -$749 <br />$750 -$999 <br />$1,000 41,499 <br />.�� <br />•$1,500 or More <br />