Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$258,619+4.4% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$56,063About 0.8× the local median income ($68,116): affordable for a typical household
Days on market53 daysAbout the same pace as a year ago
Next 12 months+4.5%Zillow expects prices to rise strongly
The typical home in Michigan City-La Porte, IN is worth $258,619, up 4.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $206,663, so the area is 25.1% overvalued. It is a balanced market, leaning toward sellers: homes take about 53 days to sell, listings are up 4% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 4.5% over the next year. A household needs about $56,063 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 $68,116. Typical rent is $1,202 a month, or $1,625 for a house. In the latest IRS figures, 111 more people moved out than in.
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
$258,619
Change in 1 year
+4.4%
Overvalued %
+25.1%
Show 7 more
Fair home value
$206,663
Change in 5 years
+35.0%
Zillow forecast, next 12 months
+4.5%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,402
Income needed to afford it
$56,063
Property tax rate
0.77%
Rent and investing
Typical rent
$1,202
Typical rent for houses
$1,625
Price-to-rent ratio
17.9×
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HUD Fair Market Rent, 2 bedrooms
$1,245
Gross rental yield
5.58%
Cap rate (estimate)
3.63%
Market activity
Listings vs a year ago
+3.7%
Days on market
53
Listings with a price cut
23.5%
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Homes for sale
312
Pending sales per 100 listings
57
Asking price per sq ft
$165
People and jobs
Median household income
$68,116
Population change (1 year)
−0.0%
Unemployment rate
4.8%
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Population
111,294
Income adjusted for cost of living
$74,281
Net moves in (IRS)
−111
Cost of living (US = 100)
91.7
Schools, risk and environment
School rating (1 to 10)
5.5
FEMA hazard risk score (0 to 100)
78.9
Unhealthy air days a year
12
Show 4 more
Flood risk score
74.6
Wildfire risk score
35.2
Walkability (1 to 20)
6.9
Road, rail and air noise
53 dB
Questions people ask
Is Michigan City-La Porte, IN overvalued?
Home prices in Michigan City-La Porte, IN are well above what local incomes have historically supported: fair value is about $206,663, so the area is 25.1% overvalued.
Is Michigan City-La Porte, IN a buyer's or seller's market?
Michigan City-La Porte, IN is a balanced market, leaning toward sellers: homes take about 53 days to sell, listings are up 4% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Michigan City-La Porte, IN?
Home values in Michigan City-La Porte, IN are up 4.4% over the last year. Zillow's forecast for the next 12 months is +4.5%.
How much do you need to earn to buy a home in Michigan City-La Porte, IN?
A household needs about $56,063 a year to afford the typical home in Michigan City-La Porte, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,116.