Lake County, Indiana home prices
Typical home $250,943 · +2.0% in a year · property tax 0.92%
The typical home in Lake County is worth $250,943, 2% less than the Indiana typical home ($257,165). Values changed +2.0% in the past year and +22.9% over five years. Homeowners here pay a median 0.92% of their home's value in property tax each year ($2,298 on the typical home), versus 0.74% statewide.
Mortgage on the typical Lake County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,189 | $200,755 | $1,350 | $0 | $317 | $1,667 | $71,500 |
| 10% down | $25,094 | $225,849 | $1,519 | $94 | $317 | $1,930 | $82,700 |
| 5% down | $12,547 | $238,396 | $1,604 | $99 | $317 | $2,020 | $86,600 |
| 3.5% down (FHA) | $8,783 | $246,398 | $1,658 | $111 | $317 | $2,086 | $89,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.92% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Indiana · part of the Chicago metro area.
Indiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Adams County | $251,184 | +7.2% | 0.77% |
| Tipton County | $249,148 | +4.2% | 0.65% |
| Wells County | $253,270 | +5.8% | 0.54% |
| Allen County | $254,595 | +3.5% | 0.79% |
| De Kalb County | $256,368 | +6.8% | 0.62% |
| Decatur County | $256,719 | +5.2% | 0.62% |
| Shelby County | $244,636 | +1.1% | 0.66% |
| Noble County | $257,549 | +4.6% | 0.67% |
| La Porte County | $258,616 | +4.3% | 0.77% |
| Carroll County | $242,285 | +5.6% | 0.56% |
Frequently asked questions
What is the average home price in Lake County, IN?
The typical home value in Lake County is $250,943 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Lake County?
About $71,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Lake County?
The median effective rate is 0.92% of home value a year (Census ACS 2024 5-year estimates).