Lake Station, IN


Highest Appreciating Lake Station Neighborhoods Since 2000

Lake Station, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Lake Station Housing Market Information

With 12,054 people, 4,332 houses or apartments, and a median cost of homes of $85,094, house prices in Lake Station 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 Lake Station, accounting for 84.01% of the city's housing units. Other types of housing that are prevalent in Lake Station include mobile homes or trailers ( 6.75%), duplexes, homes converted to apartments or other small apartment buildings ( 5.91%), and a few large apartment complexes or high rise apartments ( 2.60%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Station. Owner-occupied housing accounts for 65.48% of Lake Station's homes, and 59.98% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lake Station's housing was primarily built during this period, from the '40s through the '60s. A full 63.98% of the city's housing hails from this era. Other housing ages represented in Lake Station include homes built between 1970-1999 ( 18.84%) and housing constructed before 1939 ( 12.23%). There's also some housing in Lake Station built between 2000 and later ( 4.96%).

Vacant housing appears to be an issue in Lake Station. Fully 10.53% of the housing stock is classified as vacant. Left unchecked, vacant Lake Station homes and apartments can be a drag on the real estate market, holding Lake Station 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.

Lake Station Home Appreciation Rates

Lake Station's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lake Station during the period has been just -1.31%, which is lower than 70% of US communities.

Over the last year, Lake Station appreciation rates have trailed the rest of the nation. In the last twelve months, Lake Station's appreciation rate has been -1.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lake Station were at 0.43%, which equates to an annual appreciation rate of 1.74%.

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

Average Home Values


Median Home Value:

Lake Station, IN HOME PRICES

Value Range
> $1,050,000 0.0
$788,001 - $1,050,000 0.0
$525,001 - $788,000 0.0
$420,001 - $525,000 0.0
$315,001 - $420,000 0.8
$210,001 - $315,000 1.5
$105,001 - $210,000 33.0
$53,001 - $105,000 48.2
$0 - $53,000 16.4

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
87.360834407594 88.2352941176471

Number Of Homes And Apartments:

Lake Station Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
2.37% 0.14% 1 1
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,036 / per month

Homeownership Rate

Owners 65.48
Renters 34.52
Vacant 10.53

Housing Market Details


Age of Homes

AGE OF Lake Station HOMES
2000 or Newer 5.0
1970 - 1999 18.8
1940 - 1969 64.0
1939 or Older 12.2

Types of Homes

TYPE OF Lake Station HOMES
Single-Family 84.0
Townhomes 0.7
Small Apt. Buildings 5.9
Apt. Complexes 2.6
Mobile Homes 6.8
Other 0.0

Home Size

SIZE OF Lake Station HOMES
No Bedroom 1.59
1 Bedroom 4.01
2 Bedrooms 32.14
3 Bedrooms 46.86
4 Bedrooms 13.11
5 or more bedrooms 2.29

Popular Neighborhoods in Lake Station

Zip Codes in Lake Station, IN