The story of this market
The typical home in ZIP 46342 sells for about $279,000, or $165 per square foot.
Prices are up +10.7% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,132 a month.
ZIP 46342 — Hobart
The 46342 housing market remains competitive with double-digit year-over-year price growth, though inventory levels are beginning to stabilize. Buyers are facing a tight market with homes selling relatively quickly, while rental demand has shown signs of cooling. Overall, the market is driven by steady regional demand and limited supply.
This ZIP is well-suited for family buyers and commuters seeking more affordable housing options compared to the immediate Chicago suburbs, while offering a suburban lifestyle.
Median prices moved up 10.7% year over year.
Homes spend a median of 38 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 3.3% · poverty 11.2% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46342, 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.
The area is served by the School City of Hobart, which generally maintains a stable reputation within the regional educational landscape.
The region is subject to standard Midwestern weather risks, including seasonal wind and storm events; flood risk varies by specific proximity to local water bodies.
Economic momentum is driven by proximity to the broader Northwest Indiana industrial corridor and regional retail hubs, with ongoing residential development in suburban pockets.
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 commute via I-65 and US-30, providing access to the Gary and Chicago employment hubs.
The area features access to Lake George, various municipal parks, and proximity to the Indiana Dunes National Park region.
The rental market shows moderate pressure with a recent year-over-year decline in median asking rents, suggesting a shift in supply-demand balance.
The local economy is anchored by manufacturing, logistics, and retail sectors common to the Northwest Indiana region.
The area is served by major highway corridors including I-65, facilitating regional transit.
Ongoing residential expansion is visible in new subdivisions like Cressmoor Estates.
The Lake County Assessor manages property valuations for tax purposes.
Parcels are subject to School City of Hobart taxes and various municipal utility districts.
Property insurance premiums are influenced by regional exposure to severe weather events.
Data retrieved from data.census.gov ZCTA 46342 profile.
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 Waterpark4.32.8 mi
- Ninja Kidz Action Park Hammond, IN4.912.2 mi
- Up Your Alley3.912 mi
- Harvest Tyme Family Farm4.615.9 mi
- Urban Air Trampoline and Adventure Park4.43.8 mi
- County Line Orchard4.32 mi
- Lighthouse Restaurant4.713.6 mi
- Porter County Fairgrounds4.512.3 mi
- The American Factory by Journeyman Distillery4.19.6 mi
- Lake County Fairgrounds4.610 mi
- Emagine Portage4.65.3 mi
- Deep River Waterpark4.32.8 mi
- Ninja Kidz Action Park Hammond, IN4.912.2 mi
- AMC Schererville 164.112.1 mi
- Access to West Beach - Indiana Dunes National Park4.57.5 mi
- 1933 Chicago World's Fair Century of Progress Homes4.617.4 mi
- Buckley Homestead County Park4.817.2 mi
- Indiana Dunes National Park West Beach Bath House4.68.3 mi
- Portage Lakefront & Riverwalk4.69.1 mi
- Lemon Lake County Park4.512.1 mi
- Bulldog Park4.59.1 mi
- Wicker Memorial Park4.612.7 mi
- Hammond Marina4.419 mi
- East Chicago Marina4.414.4 mi
- Marina Shores at Dune Harbor4.68.2 mi
- Chicago Yacht Works4.219.1 mi
- Hammond Yacht Club4.519 mi
- White Hawk Country Club4.68.8 mi
- Wicker Memorial Park4.612.7 mi
- Innsbrook Country Club4.66.3 mi
- Public Bar & Rec49 mi
- Sand Creek Country Club4.612.7 mi
- Southlake Mall4.14.6 mi
- Meijer4.26.1 mi
- Meijer4.212.1 mi
- Meijer4.34.4 mi
- Meijer4.411.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A central recreational feature in Hobart offering fishing and scenic views.
A community hub for local events and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.