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

The median home value in Lake County, IN is $214,700, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Lake County, IN?

The cap rate proxy in Lake County, IN is 7.4% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is above average for cash-flow investors.

How much new construction is happening in Lake County, IN?

Lake County has 498,990 residents and issued 1,213 building permits over the trailing twelve months, according to the Census Building Permits Survey.

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

Lake County

498,990 residents1,213 permits TTM$68,985 median HHI27 ZIP codesUpdated April 28, 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 code breakdown27 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
46409	$77,728	$1,410	21.8%	20.2%	5.5%
46312	$126,345	$1,040	9.9%	9.5%	2.8%
46405	$147,804	$1,350	11.0%	10.3%	3.8%
46327	$152,818	$1,290	10.1%	9.7%	3.1%
46404	$88,884	$1,200	16.2%	18.0%	-14.8%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$57,919	$1,070	22.2%	26.2%	-17.5%
$68,995	$1,120	19.5%	21.5%	-7.1%
$78,196	$1,170	18.0%	20.3%	-15.2%
$102,328	$1,210	14.2%	15.4%	-9.2%
$137,295	$1,130	9.9%	11.0%	-12.8%
$175,813	$1,350	9.2%	9.9%	-7.6%
$181,151	$1,420	9.4%	9.8%	-5.2%
$146,867	$1,140	9.3%	9.8%	-6.3%
$344,576	$1,680	5.9%	8.2%	-41.4%
$195,824	$1,160	7.1%	7.9%	-14.2%
$236,673	$1,590	8.1%	7.7%	3.3%
$262,133	$1,470	6.7%	7.2%	-8.4%
$348,964	$1,480	5.1%	6.9%	-36.6%
$232,369	$1,340	6.9%	6.6%	4.0%
$243,687	$1,340	6.6%	6.3%	3.7%
$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%	-16.8%
$326,072	$1,410	5.2%	5.9%	-15.0%
$326,601	$1,460	5.4%	4.0%	25.1%
$358,265	$1,450	4.9%	3.6%	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 28, 2026

Lake County

See all 27 ZIPs ranked by yield and cap rate