What is the median home value in ZIP 46303 in Lake County, IN?

The median home value in ZIP 46303 in Lake County, IN is $326,072, according to the latest Census ACS 5-Year Estimates.

What is the rent-to-income ratio in ZIP 46303?

The rent-to-income ratio in ZIP 46303 is 31.2%, based on HUD Fair Market Rent divided by Census median household income. This indicates a rent-burdened area where tenants spend over 30% of income on housing.

Chicago-Naperville-Elgin, IL-IN-WI · Indiana

Lake County

ZIP 46303

498,990 residents1,213 permits TTM$68,985 median HHI27 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$214,700

ACS 5-Year

Cap rate proxy

7.4%

FMR × 0.65 ÷ Home Value

Rent-to-income

19.0%

HUD FMR ÷ ACS HHI

Net migration

+1.65%

IRS SOI

Permits (TTM)

1,213

Census BPS

Climate risk

95.9

FEMA NRI (0–100)

ZIP 46303

Median home value

$326,072

Gross yield

5.2%

Cap rate

6.6%

Rent gap

-27.3%

Affordability

P/I: 4.7R/I: 31.2%

Section 8 detail

SAFMR: $1,410Rent: $1,094Gap: 28.9%

ZIP code breakdown27 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
46409	$77,728	$1,410	21.8%	20.0%	7.9%
46405	$147,804	$1,350	11.0%	8.9%	19.0%
46312	$126,345	$1,040	9.9%	9.7%	1.7%
46404	$88,884	$1,200	16.2%	18.4%	-13.4%
46402	$68,995	$1,120	19.5%	20.0%	-2.7%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$57,919	$1,070	22.2%	26.4%	-18.9%
$78,196	$1,170	18.0%	20.7%	-15.2%
$102,328	$1,210	14.2%	14.8%	-4.0%
$137,295	$1,130	9.9%	10.5%	-6.3%
$152,818	$1,290	10.1%	9.8%	3.1%
$181,151	$1,420	9.4%	9.8%	-4.2%
$175,813	$1,350	9.2%	9.7%	-5.6%
$146,867	$1,140	9.3%	8.9%	4.0%
$236,673	$1,590	8.1%	7.7%	4.2%
$195,824	$1,160	7.1%	7.6%	-7.6%
$344,576	$1,680	5.9%	7.6%	-30.2%
$262,133	$1,470	6.7%	7.4%	-9.5%
$232,369	$1,340	6.9%	6.7%	3.1%
$326,072	$1,410	5.2%	6.6%	-27.3%
$243,687	$1,340	6.6%	6.3%	4.7%
$214,700county est.	$1,460	8.2%	6.1%	25.1%
$214,700county est.	$1,220	6.8%	6.1%	10.3%
$351,033	$1,510	5.2%	6.0%	-16.0%
$326,601	$1,460	5.4%	4.0%	25.1%
$348,964	$1,480	5.1%	3.8%	26.1%
$358,265	$1,450	4.9%	3.7%	24.6%
$445,790	$1,160	3.1%	2.9%	5.7%

Demographics

Owner-occupied

70.9%

Census ACS

Vacancy rate

10.6%

Census ACS

Bachelor's degree +

24.9%

Census ACS

Rent burdened

45.4%

Census ACS (>30% income)

Median age

39.6

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Lake County

See all 27 ZIPs ranked by yield and cap rate