Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$250,943+2.0% YoY · prices are rising
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 25% have cut their price
Income needed to buy, per year$54,399About 0.7× the local median income ($73,228): affordable for a typical household
Days on market54 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.7%Zillow expects prices to rise slightly
The typical home in Lake County, IN is worth $250,943, up 2.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $220,138, so the area is 14.0% overvalued. It is a balanced market, leaning toward sellers: homes take about 54 days to sell, listings are down 3% from a year ago, 25% of listings have had a price cut. Zillow expects prices to rise about 2.7% over the next year. A household needs about $54,399 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $73,228. Typical rent is $1,457 a month, or $1,708 for a house. In the latest IRS figures, 479 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$250,943
Change in 1 year
+2.0%
Overvalued %
+14.0%
Show 7 more
Fair home value
$220,138
Change in 5 years
+22.9%
Zillow forecast, next 12 months
+2.7%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,360
Income needed to afford it
$54,399
Property tax rate
0.92%
Rent and investing
Typical rent
$1,457
Typical rent for houses
$1,708
Price-to-rent ratio
14.4×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,429
Gross rental yield
6.97%
Cap rate (estimate)
4.53%
Market activity
Listings vs a year ago
−3.1%
Days on market
54
Listings with a price cut
25.1%
Show 3 more
Homes for sale
1,393
Pending sales per 100 listings
51
Asking price per sq ft
$171
People and jobs
Median household income
$73,228
Population change (1 year)
+0.4%
Unemployment rate
6.1%
Show 4 more
Population
504,612
Income adjusted for cost of living
$70,683
Net moves in (IRS)
+479
Cost of living (US = 100)
103.6
Schools, risk and environment
School rating (1 to 10)
4.5
FEMA hazard risk score (0 to 100)
95.9
Unhealthy air days a year
15
Show 4 more
Flood risk score
96.2
Wildfire risk score
66.1
Walkability (1 to 20)
8.0
Road, rail and air noise
53 dB
Questions people ask
Is Lake County, IN overvalued?
Home prices in Lake County, IN are well above what local incomes have historically supported: fair value is about $220,138, so the area is 14.0% overvalued.
Is Lake County, IN a buyer's or seller's market?
Lake County, IN is a balanced market, leaning toward sellers: homes take about 54 days to sell, listings are down 3% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Lake County, IN?
Home values in Lake County, IN are up 2.0% over the last year. Zillow's forecast for the next 12 months is +2.7%.
How much do you need to earn to buy a home in Lake County, IN?
A household needs about $54,399 a year to afford the typical home in Lake County, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $73,228.