Chicago-Naperville-Elgin, IL-IN-WI · Indiana
Lake County
ZIP 46394
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 46394
Median home value
$214,700
Gross yield
6.5%
Buy Box score
0.8
Section 8 gap
6.0%
Affordability
P/I: 2.8R/I: 21.7%
Section 8 detail
SAFMR: $1,160Rent: $1,094Gap: 6.0%
ZIP code breakdown27 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 46409 | $214,700 | $1,410 | 7.9% | 1.0 | 28.9% |
| 46404 | $214,700 | $1,200 | 6.7% | 1.0 | 9.7% |
| 46406 | $214,700 | $1,170 | 6.5% | 1.0 | 6.9% |
| 46402 | $214,700 | $1,120 | 6.3% | 1.0 | 2.4% |
| 46408 | $214,700 | $1,210 | 6.8% | 1.0 | 10.6% |
| 46407 | $214,700 | $1,070 | 6.0% | 1.0 | -2.2% |
| 46320 | $214,700 | $1,130 | 6.3% | 1.0 | 3.3% |
| 46323 | $214,700 | $1,420 | 7.9% | 1.0 | 29.8% |
| 46327 | $214,700 | $1,290 | 7.2% | 1.0 | 17.9% |
| 46324 | $214,700 | $1,350 | 7.5% | 1.0 | 23.4% |
| 46312 | $214,700 | $1,040 | 5.8% | 0.9 | -4.9% |
| 46410 | $214,700 | $1,590 | 8.9% | 0.9 | 45.3% |
| 46321 | $214,700 | $1,680 | 9.4% | 0.8 | 53.6% |
| 46322 | $214,700 | $1,470 | 8.2% | 0.8 | 34.4% |
| 46405 | $214,700 | $1,350 | 7.5% | 0.8 | 23.4% |
| 46394 | $214,700 | $1,160 | 6.5% | 0.8 | 6.0% |
| 46342 | $214,700 | $1,340 | 7.5% | 0.7 | 22.5% |
| 46403 | $214,700 | $1,140 | 6.4% | 0.6 | 4.2% |
| 46319 | $214,700 | $1,340 | 7.5% | 0.6 | 22.5% |
| 46303 | $214,700 | $1,410 | 7.9% | 0.5 | 28.9% |
| 46307 | $214,700 | $1,510 | 8.4% | 0.5 | 38.0% |
| 46356 | $214,700 | $1,460 | 8.2% | 0.5 | 33.5% |
| 46375 | $214,700 | $1,480 | 8.3% | 0.4 | 35.3% |
| 46311 | $214,700 | $1,450 | 8.1% | 0.4 | 32.5% |
| 46373 | $214,700 | $1,160 | 6.5% | 0.1 | 6.0% |
| 46376 | $214,700 | $1,220 | 6.8% | — | 11.5% |
| 46377 | $214,700 | $1,460 | 8.2% | — | 33.5% |
Sort by any column. Click a ZIP for detail.
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
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