Cedar Lake, IN—46303
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cedar Lake, IN
As of Oct '25, the median home price in Cedar Lake, IN is $328,000, with a year-over-year change of 2.4%. This indicates that home prices in Cedar Lake, IN are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $328,000 | 2.4% |
| Single Family | $327,000 | 2.2% |
| Condos | $380,000 | 4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $130,000 | -3.7% |
2 Bed | $253,000 | 3.3% |
3 Bed | $325,000 | 2.8% |
4 Bed | $411,000 | 2.2% |
| 5 Bed | $475,000 | 1.7% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Cedar Lake, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Cedar Lake, IN is 59. This is a decrease of -13.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $474,000 | 8.0% |
Listing Count | 116 | 17.0% |
| Listings as % of Homes | 1.2% | 17.0% |
Days on Market | 59 | -13.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Cedar Lake, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $328,000 |
| Median Household Income | $78,700 |