Cedar Lake, IN 46303 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cedar Lake, IN—46303

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$326,000

2.3% YoY Growth

Household Income

$78,700

15.2% YoY Growth

Days on Market

16.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$2,100

25.8% YoY Growth

1-Bed Rent

$1,550

106.7% YoY Growth

2-Bed Rent

$1,800

4.1% YoY Growth

3-Bed Rent

$2,000

3.5% YoY Growth

Home Price Trends — Cedar Lake, IN

As of Dec '25, the median home price in Cedar Lake, IN is $326,000, with a year-over-year change of 2.3%. This indicates that home prices in Cedar Lake, IN are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$326,000	2.3%
Single Family	$326,000	2.2%
Condos	$364,000	3.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Cedar Lake, IN

As of July '25, Rentcast reports the average rent in Cedar Lake, IN is $2,340, with a year-over-year rent change of 25.8%. Per bedroom, the median rent as of July '25 in Cedar Lake, IN is 1-bedrooms: $1,550, 2-bedrooms: $1,780, 3-bedrooms: $2,200, 4-bedrooms: $2,740. The most common rental property sizes in Cedar Lake, IN are 2-bedroom and 3-bedroom, accounting for 51.8% and 34.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,100	$2,340
Studio Rent	N/A	N/A
1 Bed Rent	$1,550	$1,550
2 Bed Rent	$1,800	$1,780
3 Bed Rent	$2,000	$2,200
4 Bed Rent	$2,500	$2,740

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% of Rental Stock

Studio

1.2%

1 Bedroom

4.0%

2 Bedrooms

51.8%

3 Bedrooms

34.3%

4 Bedrooms

7.9%

5+ Bedrooms

0.7%

Property Listings — Cedar Lake, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Cedar Lake, IN is 52. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$424,000	12.0%
Listing Count	125	29.0%
Listings as % of Homes	1.2%	29.0%
Days on Market	60	-16.0%

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Demographics — Cedar Lake, IN

As of the latest ACS Survey released in 2023, Cedar Lake, IN has a population of 16,900, which has increased by 15.5% over the past 5 years. Cedar Lake, IN is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 24.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	16,900	15.5%
% Under 18	23.5%	-6.0%
% Seniors	18.2%	48.0%
% WFH	6.0%	62.2%
% w/ College Degree	24.2%	10.5%

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As of the latest ACS Survey released in 2023, Cedar Lake, IN is a predominantly white area, with 88.1% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Cedar Lake, IN is hispanic, making up 7.7% of the population. Foreign-born residents account for 2.4% of the population in Cedar Lake, IN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	88.1%	-3.9%
% Black	0.2%	-33.3%
% Hispanic	7.7%	30.5%
% Asian	0.8%	33.3%
% Foreign Born	2.4%	0.0%

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Mortgage and Risk — Cedar Lake, IN

According to HUD data as of 2023, there were 766 mortgage originations in Cedar Lake, IN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Cedar Lake, IN. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	766
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Cedar Lake, IN

As of 2024, the percent of homes in Cedar Lake, IN under the Section 8 program is 0.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Cedar Lake, IN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	5
Total Units Section 8	5
% Rentals under Section 8	0.5%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$500	$1,550	$1,050
2 Bedroom	-$530	$1,800	$1,270
3 Bedroom	-$430	$2,000	$1,570
4 Bedroom	-$820	$2,500	$1,680

Cedar Lake, IN—46303

Key Metrics at a Glance

Home Price Trends — Cedar Lake, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cedar Lake, IN

% of Rental Stock

Property Listings — Cedar Lake, IN

Demographics — Cedar Lake, IN

Race and Ethnicity

Mortgage and Risk — Cedar Lake, IN

Mortgages

Rentals and Section 8 — Cedar Lake, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Cedar Lake, IN

Home Price to Income Ratio

Cedar Lake, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Saint John, IN

Dyer, IN

Schererville, IN

Lowell, IN

Crete, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$326,000
Median Household Income	$78,700

Cedar Lake, IN—46303

Key Metrics at a Glance

Home Price Trends — Cedar Lake, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cedar Lake, IN

% of Rental Stock

Property Listings — Cedar Lake, IN

Demographics — Cedar Lake, IN

Race and Ethnicity

Mortgage and Risk — Cedar Lake, IN

Mortgages

Rentals and Section 8 — Cedar Lake, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Cedar Lake, IN

Home Price to Income Ratio

Cedar Lake, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Saint John, IN

Dyer, IN

Schererville, IN

Lowell, IN

Crete, IL

Frequently Asked Questions

What is the average home price in Cedar Lake, IN 46303?

How have home prices in Cedar Lake, IN 46303 changed over the past year?

What is the home price projection for Cedar Lake, IN 46303?

What are the demographics of Cedar Lake, IN 46303?

How long does it take homes to sell in Cedar Lake, IN 46303?

What is the average rent price in Cedar Lake, IN 46303?