Chesterton, IN 46304 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Chesterton, IN—46304

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$324,000

1.8% YoY Growth

Household Income

$88,600

14.0% YoY Growth

Days on Market

6.0% Shorter YoY

Home Price Forecast

1.5%

Median Rent

$1,350

5.4% YoY Growth

1-Bed Rent

$835

9.8% YoY Growth

2-Bed Rent

$1,300

1.4% YoY Growth

3-Bed Rent

$1,580

2.2% YoY Growth

Home Price Trends — Chesterton, IN

As of Dec '25, the median home price in Chesterton, IN is $324,000, with a year-over-year change of 1.8%. This indicates that home prices in Chesterton, IN are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$324,000	1.8%
Single Family	$327,000	1.6%
Condos	$225,000	-4.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Chesterton, IN

As of July '25, Rentcast reports the average rent in Chesterton, IN is $1,550, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Chesterton, IN is 1-bedrooms: $965, 2-bedrooms: $1,420, 3-bedrooms: $1,820, 4-bedrooms: $2,900. The most common rental property sizes in Chesterton, IN are 2-bedroom and 3-bedroom, accounting for 56.8% and 23.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,350	$1,550
Studio Rent	N/A	N/A
1 Bed Rent	$835	$965
2 Bed Rent	$1,300	$1,420
3 Bed Rent	$1,580	$1,820
4 Bed Rent	$2,900	$2,900

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% of Rental Stock

Studio

4.3%

1 Bedroom

13.1%

2 Bedrooms

56.8%

3 Bedrooms

23.1%

4 Bedrooms

2.6%

Property Listings — Chesterton, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Chesterton, IN is 61. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$375,000	6.0%
Listing Count	124	25.0%
Listings as % of Homes	0.5%	25.0%
Days on Market	67	-6.0%

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Demographics — Chesterton, IN

As of the latest ACS Survey released in 2023, Chesterton, IN has a population of 27,400, which has increased by 10.0% over the past 5 years. Chesterton, IN is a moderately popular place for families, as children make up 22.8% of the population. The area has a moderately educated workforce, with 35.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	27,400	10.0%
% Under 18	22.8%	1.3%
% Seniors	18.9%	26.8%
% WFH	15.4%	234.8%
% w/ College Degree	35.1%	7.0%

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As of the latest ACS Survey released in 2023, Chesterton, IN is a predominantly white area, with 83.6% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Chesterton, IN is hispanic, making up 9.8% of the population. Foreign-born residents account for 4.0% of the population in Chesterton, IN, and this percentage has decreased by 2.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	83.6%	-2.6%
% Black	1.7%	70.0%
% Hispanic	9.8%	6.5%
% Asian	1.6%	-36.0%
% Foreign Born	4.0%	-2.4%

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Mortgage and Risk — Chesterton, IN

According to HUD data as of 2023, there were 636 mortgage originations in Chesterton, IN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Chesterton, IN. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	636
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Chesterton, IN

As of 2024, the percent of homes in Chesterton, IN under the Section 8 program is 0.9%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Chesterton, IN, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	22
Total Units Section 8	22
% Rentals under Section 8	0.9%
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$245	$835	$1,080
2 Bedroom	$10	$1,300	$1,310
3 Bedroom	$30	$1,580	$1,610
4 Bedroom	-$1,160	$2,900	$1,740

Chesterton, IN—46304

Key Metrics at a Glance

Home Price Trends — Chesterton, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Chesterton, IN

% of Rental Stock

Property Listings — Chesterton, IN

Demographics — Chesterton, IN

Race and Ethnicity

Mortgage and Risk — Chesterton, IN

Mortgages

Rentals and Section 8 — Chesterton, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Chesterton, IN

Home Price to Income Ratio

Chesterton, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Beverly Shores

Portage, IN

Westville, IN

Wheeler

Valparaiso, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$324,000
Median Household Income	$88,600

Chesterton, IN—46304

Key Metrics at a Glance

Home Price Trends — Chesterton, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Chesterton, IN

% of Rental Stock

Property Listings — Chesterton, IN

Demographics — Chesterton, IN

Race and Ethnicity

Mortgage and Risk — Chesterton, IN

Mortgages

Rentals and Section 8 — Chesterton, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Chesterton, IN

Home Price to Income Ratio

Chesterton, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Beverly Shores

Portage, IN

Westville, IN

Wheeler

Valparaiso, IN

Frequently Asked Questions

What is the average home price in Chesterton, IN 46304?

How have home prices in Chesterton, IN 46304 changed over the past year?

What is the home price projection for Chesterton, IN 46304?

What are the demographics of Chesterton, IN 46304?

How long does it take homes to sell in Chesterton, IN 46304?

What is the average rent price in Chesterton, IN 46304?