Rental numbers for Lake County, IN
The typical home here runs -$610 a month at 7.78% with 25% down, breaking even at about 2.5%. 4 of 18 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 8.6%.
- Gross yield
- 7.0%
- typical home, Zillow
- Median ZIP yield
- 8.6%
- 18 ZIPs with full data
- Cash flow
- -$610/mo
- at 7.78%, 25% down
- Typical price
- $253,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,471/mo
- Zillow ZORI, Aug 2026
ZIP codes in Lake County
27 with published figures
| 46407Gary | $62,000 | $1,219 | 23.8% | 16.2% | +$501 | n/a |
| 46402Gary | $65,000 | $1,120* | 20.6% | 13.9% | +$402 | n/a |
| 46409Gary | $81,000 | $1,340 | 19.9% | 13.2% | +$457 | n/a |
| 46406Gary | $82,000 | $1,170* | 17.2% | 11.2% | +$323 | n/a |
| 46404Gary | $101,000 | $1,410 | 16.7% | 11.1% | +$394 | +4.9% |
| 46408Gary | $113,000 | $1,210* | 12.9% | 8.0% | +$145 | n/a |
| 46403Gary | $155,000 | $1,517 | 11.8% | 7.5% | +$128 | n/a |
| 46327Hammond | $160,000 | $1,438 | 10.8% | 6.4% | -$11 | n/a |
| 46320Hammond | $149,000 | $1,316 | 10.6% | 6.4% | -$9 | +7.5% |
| 46324Hammond | $187,000 | $1,584 | 10.1% | 6.0% | -$72 | +2.9% |
| 46405Lake Station | $160,000 | $1,350* | 10.1% | 5.9% | -$79 | n/a |
| 46323Hammond | $191,000 | $1,567 | 9.9% | 5.8% | -$103 | +9.3% |
| 46377Lowell | $181,000 | $1,460* | 9.7% | 5.7% | -$112 | n/a |
| 46312East Chicago | $132,000 | $1,053 | 9.6% | 5.2% | -$140 | +5.5% |
| 46376Schneider | $180,000 | $1,220* | 8.1% | 4.4% | -$304 | n/a |
| 46410Merrillville | $245,000 | $1,553 | 7.6% | 4.2% | -$470 | +3.4% |
| 46394Whiting | $207,000 | $1,282 | 7.4% | 3.7% | -$473 | n/a |
| 46321Munster | $356,000 | $2,124 | 7.1% | 3.7% | -$812 | n/a |
| 46322Highland | $270,000 | $1,606 | 7.1% | 3.8% | -$603 | +7.5% |
| 46356Lowell | $337,000 | $1,916 | 6.8% | 3.7% | -$789 | n/a |
| 46319Griffith | $253,000 | $1,403 | 6.7% | 3.4% | -$651 | n/a |
| 46342Hobart | $242,000 | $1,331 | 6.6% | 3.1% | -$683 | +4.1% |
| 46303Cedar Lake | $337,000 | $1,848 | 6.6% | 3.4% | -$872 | n/a |
| 46307Crown Point | $361,000 | $1,782 | 5.9% | 2.9% | -$1,063 | +3.4% |
| 46375Schererville | $360,000 | $1,480* | 4.9% | 2.0% | -$1,333 | n/a |
| 46311Dyer | $368,000 | $1,450* | 4.7% | 1.8% | -$1,434 | n/a |
| 46373Saint John | $458,000 | $1,160* | 3.0% | 0.4% | -$2,315 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.8%
- Rent, 12 months
- +4.9%
- Rent minus price growth
- +3.1 pts
- Property tax
- 0.92%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $206,073 | $1,112 |
| Aug 2022 | $228,116 | $1,177 |
| Aug 2023 | $235,380 | $1,266 |
| Aug 2024 | $245,226 | $1,346 |
| Aug 2025 | $248,737 | $1,402 |
| Aug 2026 | $253,329 | $1,471 |
HUD Fair Market Rent
FY2027, Gary, IN HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,117 | $1,176 | $1,429 | $1,739 | $1,898 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 6.7
- 1,297 units, last 12 months
- National percentile
- 57th
- among US counties
Tools
Test a listing in Lake County against today's rate.
Open the calculatorPart of the Chicago, IL metro.
Questions
- Is Lake County good for rental property?
- The typical home here runs -$610 a month at 7.78% with 25% down, breaking even at about 2.5%. 4 of 18 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 8.6%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Lake County?
- About 0.92% of value, from Census ACS median taxes paid over median home value. On a $253,000 home that is about $2,320 a year.
- What is Fair Market Rent in Lake County?
- HUD's FY2027 Fair Market Rent here is $1,176 for a 1-bedroom, $1,429 for a 2-bedroom and $1,739 for a 3-bedroom. Typical cash flow at today's rate is -$610 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.