The story of this market
The typical home in ZIP 46324 sells for about $185,900, or $134 per square foot.
Prices are roughly flat from a year ago (+0.5%), a market in balance. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,172 a month.
ZIP 46324 — Hammond
The 46324 housing market is characterized by a median sale price of $185,900 and a competitive pace with 48 days on market. While home prices have seen a modest year-over-year increase of 0.5%, the rental market has experienced a significant decline in asking rents. The area remains an affordable option within the Chicago-Naperville-Elgin metro region.
This area is suitable for budget-conscious buyers and families looking for proximity to the Chicago metro area, given its lower median home values compared to the broader region.
Median prices moved up 0.5% year over year.
Homes spend a median of 48 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 10.8% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46324, 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.
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.
The area is located in northwest Indiana with a mean commute time of approximately 25.8 minutes.
The median rent is $1,445 per month, reflecting a recent year-over-year decrease of approximately 14.95%.
The local economy is influenced by the broader Chicago-Naperville-Elgin metro area, with a per capita income of $32,820.
Data retrieved from Census Reporter and City-Data profiles.
- Deep River Waterpark4.316.2 mi
- Dave & Buster's Orland Park418.1 mi
- K1 Speed Mokena4.316.7 mi
- Ninja Kidz Action Park Hammond, IN4.92.3 mi
- In The Game Hollywood Park4.313.6 mi
- McCormick Place4.519.7 mi
- Rate Field4.618.6 mi
- Credit Union 1 Amphitheatre4.214.2 mi
- Wintrust Arena4.419.9 mi
- Reggies Chicago4.520 mi
- The Shrine of Christ's Passion4.810.7 mi
- Marcus Country Club Hills Cinema4.311.2 mi
- Ninja Kidz Action Park Hammond, IN4.92.3 mi
- AMC Schererville 164.15.7 mi
- Lynwood Sport Center4.24.8 mi
- Griffin Museum of Science and Industry4.715.2 mi
- Burnham Park Promontory Point4.815.4 mi
- Frederick C. Robie House4.715.3 mi
- The Bridgeport Art Center4.719.1 mi
- DuSable Black History Museum and Education Center4.715.6 mi
- Big Marsh Park4.78.2 mi
- Wampum Lake4.54.6 mi
- Centennial Park, Munster,IN4.63.1 mi
- Beverly Cemetery4.812.1 mi
- Steelworkers Park4.711 mi
- East Chicago Marina4.46.3 mi
- Pier 11 Marina4.66.8 mi
- Chicago Yacht Works4.25.6 mi
- Harborside International Golf Center4.19.1 mi
- Ravisloe Country Club4.58.8 mi
- Lost Marsh Golf Course4.15.8 mi
- Glenwoodie Golf Club4.56.3 mi
- White Hawk Country Club4.611.7 mi
- Southlake Mall4.112.6 mi
- Swap-O-Rama Flea Markets4.312.7 mi
- Meijer4.211.3 mi
- Meijer4.23.9 mi
- Meijer4.311.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.