Lake County, IN

Comprehensive housing, income, and cost of living data for Lake County, Indiana. Population: 497.7K.

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Median Home Price

$175.9K

Based on 27 cities

Median Household Income

$69.0K

Annual household income

Price-to-Income Ratio

2.5x

Highly affordable

Salary Needed to Buy

$48.3K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax

$1,987

Average annual amount

Effective Tax Rate

1.13%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$889

Property Tax$166

Insurance$73.28

Total Monthly$1,128

Historical Home Prices

2015

$125.8K

2016

$132.0K

+5.0%%

2017

$140.9K

+6.7%%

2018

$151.4K

+7.5%%

2019

$161.8K

+6.9%%

2020

$175.0K

+8.2%%

2021

$200.8K

+14.7%%

2022

$218.5K

+8.8%%

2023

$227.4K

+4.1%%

2024

$236.4K

+4.0%%

2025

$239.5K

+1.3%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

3.4%%

Below national average

Population Density

998

People per square mile

Homicide Rate

16.6

Medium (per 100K residents)

Political Lean (2020)

Competitive

D+0

Racial Demographics

White

52%

Black

22.9%

Hispanic

20.5%

Asian

1.5%

Two or More Races

2.6%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature

50°F

Annual average

Sunny Days

171

Days per year

Annual Rainfall

39.2"

Inches per year

Natural Disaster Risk

High Risk

Score: 96/100

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