East Chicago, IN


East Chicago, IN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

East Chicago Housing Market Information

With a population of 28,418, 10,215 total housing units (homes and apartments), and a median house value of $87,046, house prices in East Chicago are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in East Chicago, accounting for 41.91% of the city's housing units. Other types of housing that are prevalent in East Chicago include duplexes, homes converted to apartments or other small apartment buildings ( 29.82%), large apartment complexes or high rise apartments ( 19.43%), and a few row houses and other attached homes ( 8.41%).

People in East Chicago primarily live in small (one, two or no bedroom) single-family detached homes. East Chicago has a mixture of owner-occupied and renter-occupied housing.

The housing in East Chicago was primarily built before 1939 ( 47.49%), making the housing stock in East Chicago some of the oldest overall in America, although there is a range of ages of homes in East Chicago. The next most important housing age is between 1940-1969 ( 34.78%), followed by between 1970-1999 ( 15.01%). There's also some housing in East Chicago built between 2000 and later ( 2.72%).

Vacant housing appears to be an issue in East Chicago. Fully 23.59% of the housing stock is classified as vacant. Left unchecked, vacant East Chicago homes and apartments can be a drag on the real estate market, holding East Chicago real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

East Chicago Home Appreciation Rates

Homes have actually lost value in East Chicago over the last then years, as home values have seen a decline of 13.63% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows East Chicago home appreciation rates at 1.56%, which equates to an annual appreciation rate of 6.39%.

Over the last year, East Chicago appreciation rates have trailed the rest of the nation. In the last twelve months, East Chicago's appreciation rate has been -0.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in East Chicago were at 1.56%, which equates to an annual appreciation rate of 6.39%.

Relative to Indiana, our data show that East Chicago's latest annual appreciation rate is lower than 90% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within East Chicago differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in East Chicago - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best East Chicago real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

East Chicago, IN HOME PRICES

Value Range
> $1,098,000 0.0
$823,001 - $1,098,000 0.0
$549,001 - $823,000 0.6
$439,001 - $549,000 0.0
$329,001 - $439,000 0.2
$220,001 - $329,000 1.3
$110,001 - $220,000 21.3
$55,001 - $110,000 51.8
$0 - $55,000 24.9

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
89.0627737226277 89.8190045248869

Number Of Homes And Apartments:

East Chicago Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
-3.76% -0.21%
* 10 is highest

Rent & Ownership


Average Market Rent:
$926 / per month

Homeownership Rate

Owners 43.20
Renters 56.80
Vacant 23.59

Housing Market Details


Age of Homes

AGE OF East Chicago HOMES
2000 or Newer 2.7
1970 - 1999 15.0
1940 - 1969 34.8
1939 or Older 47.5

Types of Homes

TYPE OF East Chicago HOMES
Single-Family 41.9
Townhomes 8.4
Small Apt. Buildings 29.8
Apt. Complexes 19.4
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF East Chicago HOMES
No Bedroom 2.42
1 Bedroom 14.37
2 Bedrooms 34.65
3 Bedrooms 36.35
4 Bedrooms 8.47
5 or more bedrooms 3.75