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Lake County Housing Market

Indiana · 92 counties · Ranked #2061 in home value

Below National Avg

Housing at a Glance

Median Home Value

$214,700

vs national$214,700 vs $281,900 national

Median Gross Rent

$1,094/mo

vs national$1,094 vs $1,163 national

Effective Tax Rate

0.93%

vs national0.93% vs 1.02% national

Median Household Income

$68,985

vs national$68,985 vs $74,755 national

Affordability Ratio

3.1x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

30.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,987

Tax as % of Home Value

0.93%

Monthly Owner Cost

$1,110

Renter Income

$39,116

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Mortgage

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Home Search

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Lake County?

The median home value in Lake County is $214,700. This is below the national median of $281,900.

How much is rent in Lake County?

The median gross rent in Lake County is $1,094 per month.

What is the property tax rate in Lake County?

The effective property tax rate in Lake County is 0.93%. The median annual property tax bill is $1,987.

Is Lake County affordable?

With a home-value-to-income ratio of 3.1x, Lake County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.