Chesterton, IN—46304
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chesterton, IN
As of Oct '25, the median home price in Chesterton, IN is $324,000, with a year-over-year change of 1.9%. This indicates that home prices in Chesterton, IN are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $324,000 | 1.9% |
| Single Family | $328,000 | 1.9% |
| Condos | $224,000 | -4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $223,000 | 3.7% |
3 Bed | $311,000 | 2.0% |
4 Bed | $402,000 | 1.3% |
| 5 Bed | $493,000 | 0.8% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Chesterton, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Chesterton, IN is 62. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $397,000 | 6.0% |
Listing Count | 146 | 43.0% |
| Listings as % of Homes | 0.5% | 43.0% |
Days on Market | 62 | 15.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Chesterton, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $324,000 |
| Median Household Income | $88,600 |