Lake Station, IN—46405
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Station, IN
As of Oct '25, the median home price in Lake Station, IN is $150,000, with a year-over-year change of -1.0%. This indicates that home prices in Lake Station, IN are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $150,000 | -1.0% |
| Single Family | $150,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $125,000 | -1.6% |
3 Bed | $166,000 | -1.2% |
4 Bed | $194,000 | -0.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lake Station, IN
As of July '25, Rentcast reports the average rent in Lake Station, IN is $1,140, with a year-over-year rent change of -18.6%. Per bedroom, the median rent as of July '25 in Lake Station, IN is 1-bedrooms: $1,140, 2-bedrooms: $1,320, 3-bedrooms: $950. The most common rental property sizes in Lake Station, IN are 3-bedroom and 2-bedroom, accounting for 44.1% and 42.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,140 |
| 2 Bed Rent | $1,320 | $1,320 |
| 3 Bed Rent | $950 | $950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lake Station, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Station, IN is 37. This is a decrease of -7.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 13.0% |
Listing Count | 46 | 38.0% |
| Listings as % of Homes | 0.5% | 38.0% |
Days on Market | 37 | -7.0% |
Demographics — Lake Station, IN
As of the latest ACS Survey released in 2023, Lake Station, IN has a population of 11,500, which has remained stable by 0.5% over the past 5 years. Lake Station, IN is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 9.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,500 | 0.5% |
% Under 18 | 22.2% | -18.1% |
% Seniors | 14.2% | 21.4% |
% WFH | 4.6% | 666.7% |
% w/ College Degree | 9.5% | 35.7% |
As of the latest ACS Survey released in 2023, Lake Station, IN is a predominantly white area, with 65.5% of the population identifying as white. The white population has grown by 13.1% in the last 5 years. The second most common race or ethnicity in Lake Station, IN is hispanic, making up 27.8% of the population. Foreign-born residents account for 8.1% of the population in Lake Station, IN, and this percentage has increased by 6.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.5% | 13.1% |
% Black | 2.5% | -59.0% |
% Hispanic | 27.8% | -16.3% |
% Asian | 0.5% | -54.5% |
% Foreign Born | 8.1% | 6.6% |
Mortgage and Risk — Lake Station, IN
According to HUD data as of 2023, there were 207 mortgage originations in Lake Station, IN, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Lake Station, IN. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 207 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Lake Station, IN
Lake Station, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 49 |
Total Units Section 8 | 49 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,000 | $1,020 |
| 2 Bedroom | -$80 | $1,320 | $1,240 |
| 3 Bedroom | $580 | $950 | $1,530 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Lake Station, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $150,000 |
| Median Household Income | $57,000 |