The story of this market
The typical home in ZIP 46320 sells for about $199,900, or $115 per square foot.
Prices are up +21.15% from a year ago, so sellers still have some momentum. Homes take about 55 days to sell. HUD's fair market rent for a two-bedroom is $994 a month.
ZIP 46320 — Hammond
The 46320 housing market is showing signs of price appreciation, driven by low inventory and demand for affordable housing. While the area faces long-term economic and demographic challenges, recent trends indicate a stabilization in home values and increased interest from investors.
This ZIP is primarily suited for budget-conscious renters and first-time homebuyers looking for proximity to regional industrial employment hubs.
Median prices moved up 21.1% year over year.
Homes spend a median of 55 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 91% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.4% · poverty 31.5% — elevated distress and economic pressure.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 46320, Lake County IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the East Chicago area are generally higher than the national average, reflecting urban challenges common to the industrial corridor of Northwest Indiana.
Public schools in the area are primarily served by the East Chicago School Corporation, which faces ongoing challenges in academic performance and resource allocation.
The area is located in a low-lying industrial region near Lake Michigan, presenting risks related to flood zones and environmental remediation requirements.
Economic momentum is tied to the legacy industrial base and logistics sector, with ongoing efforts to revitalize the waterfront and attract new manufacturing investment.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Residents benefit from proximity to major regional highways like I-90 and I-80/94, providing direct access to the Chicago employment core.
The area features access to local parks and proximity to the Lake Michigan shoreline, though recreational infrastructure is limited compared to suburban neighbors.
The rental market is characterized by high demand for affordable housing, with significant investor interest in multi-family properties.
The economy is anchored by heavy industry, manufacturing, and logistics, with major employers including regional steel and shipping operations.
The area is served by a network of regional highways and proximity to commuter rail lines connecting to downtown Chicago.
Development focus remains on brownfield redevelopment and infrastructure improvements to support industrial logistics.
The Lake County Assessor manages property valuations, with assessments updated annually based on market trends.
Parcels are subject to school district, municipal, and county-level tax levies, including specific utility and flood control districts.
Property insurance premiums are influenced by regional hazard profiles, including flood risk and industrial proximity.
Data retrieved from US Census Bureau and local market reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Museum of Illusions Chicago4.619.9 mi
- Deep River Waterpark4.317.3 mi
- Dave & Buster's Orland Park417.9 mi
- Color Factory Chicago4.719.8 mi
- K1 Speed Mokena4.317.1 mi
- Soldier Field4.518.4 mi
- McCormick Place4.517.8 mi
- Rate Field4.616.7 mi
- Credit Union 1 Amphitheatre4.214.7 mi
- Wintrust Arena4.417.9 mi
- AMC Crestwood 184.212.7 mi
- The Shrine of Christ's Passion4.812.8 mi
- Osaka Garden4.712.9 mi
- Marcus Country Club Hills Cinema4.311.3 mi
- Ninja Kidz Action Park Hammond, IN4.93.2 mi
- Shedd Aquarium4.518.7 mi
- The Art Institute of Chicago4.819.6 mi
- Griffin Museum of Science and Industry4.713.2 mi
- Field Museum4.718.7 mi
- Clarence F. Buckingham Memorial Fountain4.719.3 mi
- Jackson Park4.612.5 mi
- Big Marsh Park4.76.4 mi
- Wampum Lake4.55.3 mi
- Centennial Park, Munster,IN4.65.2 mi
- Beverly Cemetery4.811.1 mi
- Hammond Marina4.46 mi
- East Chicago Marina4.44.7 mi
- Pier 11 Marina4.65.6 mi
- Chicago Yacht Works4.24 mi
- Hammond Yacht Club4.56 mi
- Harborside International Golf Center4.17.3 mi
- Ravisloe Country Club4.59.3 mi
- Lost Marsh Golf Course4.13.7 mi
- Jackson Park Golf Course4.212.4 mi
- Glenwoodie Golf Club4.57.5 mi
- Swap-O-Rama Flea Markets4.312 mi
- Meijer4.25.8 mi
- Meijer4.212.8 mi
- Meijer4.312.3 mi
- Meijer4.311.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features beach access and recreational facilities along Lake Michigan.
Provides boat slips and access to Lake Michigan.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.