The story of this market
The typical home in ZIP 46323 sells for about $191,000, or $142 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,274 a month.
ZIP 46323 — Hammond
The housing market in 46323 is characterized by affordability relative to the broader Chicago metro area, though it faces challenges from aging inventory and economic headwinds. Current data indicates a stable but slow-moving market where investors must carefully account for maintenance and turnover costs. Demand remains consistent for entry-level housing, but price appreciation is tempered by local economic conditions.
This ZIP is primarily suited for budget-conscious family buyers and long-term investors who are prepared to manage the maintenance needs of older residential properties.
Median prices moved up 2.1% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 14.4% — a stable, low-distress profile.
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 8.1%/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 4.6%/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 46323, 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 area remain a primary concern for residents, with reported incidents trending higher than the national average and regional benchmarks for similar suburban communities.
Public schools serving the area are generally characterized as having mixed performance outcomes, with many institutions requiring additional support to meet state proficiency standards.
The area faces moderate risk from localized flooding due to its proximity to regional waterways and industrial drainage zones, necessitating standard flood insurance coverage for many properties.
Economic momentum is driven by proximity to the Chicago metropolitan industrial corridor, though new large-scale commercial development within the ZIP remains limited.
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 primarily rely on personal vehicles for commuting, with direct access to major regional highways providing transit toward the Chicago employment core.
The area features several local parks and community green spaces, with proximity to regional shopping centers and dining districts in neighboring Hammond and Munster.
The rental market shows steady demand but faces pressure from aging housing stock and maintenance requirements, with investors often needing to account for higher turnover friction.
The local economy is anchored by manufacturing, logistics, and healthcare sectors, benefiting from its strategic location within the Northwest Indiana industrial belt.
Development is currently focused on infill projects and the rehabilitation of existing residential and commercial structures rather than large-scale new construction.
Parcels are subject to various special taxing districts including school corporations, library districts, and regional flood control authorities.
Property insurance premiums are influenced by regional hazard profiles, including wind and flood risks, leading to competitive but rising costs for homeowners.
Data retrieved from data.census.gov ZCTA-level tables.
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.
- Deep River Waterpark4.313.9 mi
- Ninja Kidz Action Park Hammond, IN4.90.7 mi
- K1 Speed Mokena4.319.6 mi
- In The Game Hollywood Park4.316.1 mi
- The Salvation Army Ray and Joan Kroc Corps Community Center Chicago4.512.3 mi
- Rate Field4.619.5 mi
- Credit Union 1 Amphitheatre4.217 mi
- County Line Orchard4.312.3 mi
- Tinley Park Convention Center4.517.6 mi
- 115 Bourbon Street4.414.9 mi
- The Shrine of Christ's Passion4.810.9 mi
- Ninja Kidz Action Park Hammond, IN4.90.7 mi
- AMC Schererville 164.15.9 mi
- Access to West Beach - Indiana Dunes National Park4.512.2 mi
- Lynwood Sport Center4.27.1 mi
- Griffin Museum of Science and Industry4.715.9 mi
- Burnham Park Promontory Point4.816.1 mi
- Frederick C. Robie House4.716.1 mi
- DuSable Black History Museum and Education Center4.716.5 mi
- South Shore Cultural Center4.614.1 mi
- Indiana Dunes National Park West Beach Bath House4.612.9 mi
- Big Marsh Park4.79.5 mi
- Wampum Lake4.57.4 mi
- Centennial Park, Munster,IN4.64.4 mi
- Wicker Memorial Park4.62.2 mi
- East Chicago Marina4.45 mi
- Chicago Yacht Works4.27.3 mi
- Harborside International Golf Center4.110.5 mi
- Ravisloe Country Club4.511.6 mi
- Lost Marsh Golf Course4.16.2 mi
- Glenwoodie Golf Club4.58.9 mi
- White Hawk Country Club4.610.7 mi
- Southlake Mall4.110.7 mi
- Meijer4.29.6 mi
- Meijer4.24 mi
- Jewel-Osco4.111.4 mi
- America's Antique Mall - Highland4.41.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large indoor facility serving the region for youth and adult athletics.
Significant waterfront park offering trails and recreational water access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.