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These days, finding an affordable place to live in the Lake Station area can be challenging. Home prices in Lake Station are now at a median cost of $135,991, lower than the Indiana average of $232,932.
The average cost of rent is $1,173/mo in Lake Station, primarily driven by the current value of real estate in the Lake Station area. In Lake Station, 25.34% of households rent, and 35.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Station is $5,719 per month. Households that rent pay about 20.51% of their income on rent here. Lake Station’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New Chicago, IN: equally priced homes
- Hobart, IN: higher priced homes
- Portage, IN: higher priced homes
- Gary, IN: less expensive homes
- Ogden Dunes, IN: higher priced homes
- Wheeler, IN: higher priced homes
- Deep River, IN: higher priced homes
- Merrillville, IN: higher priced homes
- Burns Harbor, IN: higher priced homes
- Griffith, IN: higher priced homes
Cities with Similar Populations
- Pleasanton, TX: higher priced homes
- New Providence, NJ: higher priced homes
- Newcastle, WA: higher priced homes
- North Bend, OR: higher priced homes
- Piedmont, CA: higher priced homes
- Piedmont, OK: higher priced homes
- Plainwell, MI: higher priced homes
- Platte City, MO: higher priced homes
- Pleasant Hill, MO: higher priced homes
- New Palestine, IN: higher priced homes
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