Lake County
Indiana · Pop. 498,700
Ranked #17 of 200 counties
58Moderate
Median Home Price
🏠$190K
3.0% YoY
Median Rent
🔑$1,050
Median Income
💰$52K
Rent Burden
📊28.5%
% of income to rent
Housing Shortage
🏗️5,000
estimated unit deficit
Building Permits (2024)
📋1,800
Price-to-Income Ratio
⚖️3.7x
Homeownership Rate
🏡66.0%
How Lake County Compares
| Metric | Lake County | Indiana | National |
|---|---|---|---|
| Home Price | $190K | $226K | $410K |
| Rent | $1,050 | $1,044 | $1,500 |
| Income | $52K | $69K | $75K |
| Rent Burden | 28.5% | 28.0% | 30.0% |
| Homeownership | 66.0% | 70.0% | 65.0% |
Key Takeaways
- • Home prices are 54% below the national average.
- • Rent is 30% below the national average.
- • The county has an estimated housing shortage of 5,000 units.
- • 1,800 building permits were issued in 2024.
- • Year-over-year home prices changed by 3.0%.