Chicago-Naperville-Elgin, IL-IN-WI · Indiana
Lake County
ZIP 46403
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 46403
Median home value
$146,867
Gross yield
9.3%
Buy Box score
0.6
Section 8 gap
4.2%
Affordability
P/I: 2.1R/I: —
Section 8 detail
SAFMR: $1,140Rent: $1,094Gap: 4.2%
ZIP code breakdown27 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 46407 | $57,919 | $1,070 | 22.2% | 26.4% | -18.9% |
| 46406 | $78,196 | $1,170 | 18.0% | 20.7% | -15.2% |
| 46409 | $77,728 | $1,410 | 21.8% | 20.0% | 7.9% |
| 46402 | $68,995 | $1,120 | 19.5% | 20.0% | -2.7% |
| 46404 | $88,884 | $1,200 | 16.2% | 18.4% | -13.4% |
| 46408 | $102,328 | $1,210 | 14.2% | 14.8% | -4.0% |
| 46320 | $137,295 | $1,130 | 9.9% | 10.5% | -6.3% |
| 46327 | $152,818 | $1,290 | 10.1% | 9.8% | 3.1% |
| 46323 | $181,151 | $1,420 | 9.4% | 9.8% | -4.2% |
| 46324 | $175,813 | $1,350 | 9.2% | 9.7% | -5.6% |
| 46312 | $126,345 | $1,040 | 9.9% | 9.7% | 1.7% |
| 46403 | $146,867 | $1,140 | 9.3% | 8.9% | 4.0% |
| 46405 | $147,804 | $1,350 | 11.0% | 8.9% | 19.0% |
| 46410 | $236,673 | $1,590 | 8.1% | 7.7% | 4.2% |
| 46394 | $195,824 | $1,160 | 7.1% | 7.6% | -7.6% |
| 46321 | $344,576 | $1,680 | 5.9% | 7.6% | -30.2% |
| 46322 | $262,133 | $1,470 | 6.7% | 7.4% | -9.5% |
| 46342 | $232,369 | $1,340 | 6.9% | 6.7% | 3.1% |
| 46303 | $326,072 | $1,410 | 5.2% | 6.6% | -27.3% |
| 46319 | $243,687 | $1,340 | 6.6% | 6.3% | 4.7% |
| 46376 | $214,700county est. | $1,220 | 6.8% | 6.1% | 10.3% |
| 46377 | $214,700county est. | $1,460 | 8.2% | 6.1% | 25.1% |
| 46307 | $351,033 | $1,510 | 5.2% | 6.0% | -16.0% |
| 46356 | $326,601 | $1,460 | 5.4% | 4.0% | 25.1% |
| 46375 | $348,964 | $1,480 | 5.1% | 3.8% | 26.1% |
| 46311 | $358,265 | $1,450 | 4.9% | 3.7% | 24.6% |
| 46373 | $445,790 | $1,160 | 3.1% | 2.9% | 5.7% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
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