Lake County, Indiana Housing Market
In Lake County, Indiana, the median home value is $230,600, with a median monthly rent of $1,131. This places Lake County at #1071 nationally out of 3134 counties by median home value, and #17 within Indiana.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,222
- Establishments: 12,007
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,262
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 200,287 (avg $73,481)
- Outflow: 195,400 (avg $73,826)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Lake County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 46404 | 275.6 | +21.95% | 2025 |
| 2 | 46312 | 206.3 | -2.84% | 2025 |
| 3 | 46327 | 233.5 | -6.02% | 2025 |
| 4 | 46405 | 230.2 | +6.07% | 2025 |
| 5 | 46408 | 204.9 | -6.88% | 2025 |
| 6 | 46320 | 240.9 | +8.17% | 2025 |
| 7 | 46323 | 227.1 | +12.70% | 2025 |
| 8 | 46394 | 212.6 | +12.56% | 2025 |
| 9 | 46342 | 224.5 | +6.21% | 2025 |
| 10 | 46303 | 246.0 | -0.59% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Lake County Compares
| Metric | Lake County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $230,600 | $191,898 | $227,706 |
| Median Gross Rent | $1,131 | $910 | $968 |
| Owner Occupancy Rate | 71.7% | 76.3% | 73.3% |
| Price/Rent Ratio | 17.0 | 17.5 | 18.7 |
Market Analysis
The median home value in Lake County is 20.2% above the Indiana state average and 1.3% above the U.S. national average. The median rent of $1,131/month is 24.3% above the state average.
With a price-to-rent ratio of 17.0, the buy-vs-rent decision in Lake County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Lake County has an owner-occupancy rate of 71.7%, compared to 76.3% in Indiana and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Livingston Parish | Louisiana | $230,600 | $1,151 |
| Jackson County | Missouri | $230,500 | $1,197 |
| Milwaukee County | Wisconsin | $230,700 | $1,101 |
| Tulsa County | Oklahoma | $230,400 | $1,110 |
| Treasure County | Montana | $230,300 | $850 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Dubois County | $230,100 | $834 | 74.7% |
| Harrison County | $229,600 | $836 | 83.6% |
| Bartholomew County | $232,800 | $1,127 | 69.3% |
| Marion County | $224,000 | $1,153 | 56.5% |
| Morgan County | $237,600 | $1,042 | 82.1% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).