East Chicago, IN—46312
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Chicago, IN
As of Nov '25, the median home price in East Chicago, IN is $128,000, with a year-over-year change of -4.5%. This indicates that home prices in East Chicago, IN are decreasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $128,000 | -4.5% |
| Single Family | $128,000 | -4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $107,000 | -4.5% |
3 Bed | $133,000 | -3.6% |
4 Bed | $148,000 | -4.5% |
| 5 Bed | $162,410 | -2.9% |
% of Housing Stock
Rental Trends — East Chicago, IN
As of July '25, Rentcast reports the average rent in East Chicago, IN is $1,080, with a year-over-year rent change of 8.2%. Per bedroom, the median rent as of July '25 in East Chicago, IN is studios: $833, 1-bedrooms: $805, 2-bedrooms: $1,010, 3-bedrooms: $1,310, 4-bedrooms: $1,590. The most common rental property sizes in East Chicago, IN are 2-bedroom and 1-bedroom, accounting for 41.6% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,080 |
| Studio Rent | $800 | $833 |
| 1 Bed Rent | $800 | $805 |
| 2 Bed Rent | $950 | $1,010 |
| 3 Bed Rent | $1,300 | $1,310 |
| 4 Bed Rent | $1,420 | $1,590 |
% of Rental Stock
Property Listings — East Chicago, IN
As of Nov '25, Realtor.com reports that the median days on market for a home in East Chicago, IN is 59. This is a increase of 16.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $181,000 | 10.0% |
Listing Count | 35 | 117.0% |
| Listings as % of Homes | 0.2% | 117.0% |
Days on Market | 59 | 16.0% |
Demographics — East Chicago, IN
As of the latest ACS Survey released in 2023, East Chicago, IN has a population of 26,200, which has decreased by -8.0% over the past 5 years. East Chicago, IN is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 9.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,200 | -8.0% |
% Under 18 | 25.8% | -8.8% |
% Seniors | 14.8% | 11.3% |
% WFH | 3.9% | 457.1% |
% w/ College Degree | 9.9% | 8.8% |
As of the latest ACS Survey released in 2023, East Chicago, IN is a predominantly hispanic area, with 56.5% of the population identifying as hispanic. The hispanic population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in East Chicago, IN is black, making up 37.4% of the population. Foreign-born residents account for 16.2% of the population in East Chicago, IN, and this percentage has decreased by 0.6% 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 | 6.6% | 11.9% |
% Black | 37.4% | 3.0% |
% Hispanic | 56.5% | -2.4% |
% Asian | 0.1% | ∞% |
% Foreign Born | 16.2% | -0.6% |
Mortgage and Risk — East Chicago, IN
According to HUD data as of 2023, there were 174 mortgage originations in East Chicago, IN, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in East Chicago, IN. Investor activity is low, as 9.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 174 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — East Chicago, IN
As of 2024, the percent of homes in East Chicago, IN under the Section 8 program is 26.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In East Chicago, 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 | 1,693 |
Total Units Section 8 | 1,431 |
% Rentals under Section 8 | 26.4% |
% Occupied Section 8 | 77.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $800 | $770 |
| 2 Bedroom | -$20 | $950 | $930 |
| 3 Bedroom | -$150 | $1,300 | $1,150 |
| 4 Bedroom | -$190 | $1,420 | $1,230 |
Affordability — East Chicago, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $128,000 |
| Median Household Income | $41,100 |