Lake Station, IN housing market
The typical Lake Station home is worth about $162,000, up 0.8% in a year, 38% below the Indiana typical home. Homes typically sell in 30 days, close to asking.
Home values, sales, trends and how Lake Station compares with the towns next door — updated as new data is published.
Lake Station at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Lake Station | Indiana |
|---|---|---|
| 2017 | $69,000 | $135,000 |
| 2018 | $75,000 | $144,000 |
| 2019 | $86,000 | $154,000 |
| 2020 | $93,000 | $164,000 |
| 2021 | $107,000 | $183,000 |
| 2022 | $123,000 | $209,000 |
| 2023 | $139,000 | $227,000 |
| 2024 | $151,000 | $237,000 |
| 2025 | $162,000 | $249,000 |
| 2026 | $158,000 | $256,000 |
| August 2026 | $162,000 | $260,000 |
Lake Station and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Lake Station | $162K | +0.8% | 30 | $59,591 |
| Hobart | — | — | 37 | $75,160 |
| Gary | $92K | −1.3% | 33 | $38,731 |
| New Chicago | $167K | +1.8% | — | $57,313 |
| Hobart | $246K | +1.2% | — | $70,273 |
2.7 years of income
The typical Lake Station home costs about 2.7 years of the town's median household income, less than across Indiana (3.6 years).
How Lake Station ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Recent listings in Lake Station
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.