Rental numbers for the Michigan City, IN metro
The typical home here runs -$963 a month at 7.78% with 25% down. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.4%.
- Gross yield
- 5.1%
- typical home, Zillow
- Median ZIP yield
- 5.4%
- 2 ZIPs with full data
- Cash flow
- -$963/mo
- at 7.78%, 25% down
- Typical price
- $263,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,112/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
11 with published figures
| 46346Kingsford Heights | $170,000 | $1,100* | 7.8% | 4.0% | -$345 | n/a |
| 46348La Crosse | $222,000 | $1,290* | 7.0% | 3.6% | -$533 | n/a |
| 46532Hamlet | $209,000 | $1,130* | 6.5% | 3.2% | -$564 | n/a |
| 46390Wanatah | $287,000 | $1,490* | 6.2% | 3.3% | -$765 | n/a |
| 46360Michigan City | $239,000 | $1,117 | 5.6% | 2.5% | -$799 | n/a |
| 46371Rolling Prairie | $322,000 | $1,440* | 5.4% | 2.4% | -$1,083 | n/a |
| 46350La Porte | $279,000 | $1,206 | 5.2% | 2.3% | -$983 | n/a |
| 46391Westville | $353,000 | $1,420* | 4.8% | 2.0% | -$1,302 | n/a |
| 46382Union Mills | $306,000 | $1,190* | 4.7% | 1.9% | -$1,158 | n/a |
| 46365Mill Creek | $323,000 | $1,170* | 4.3% | 1.5% | -$1,338 | n/a |
| 46340Hanna | $286,000 | $1,030* | 4.3% | 0.7% | -$1,368 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +4.3%
- Rent, 12 months
- +6.2%
- Rent minus price growth
- +1.9 pts
- Property tax
- 0.78%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $195,249 | n/a |
| Aug 2022 | $219,267 | $901 |
| Aug 2023 | $230,252 | $967 |
| Aug 2024 | $241,064 | $1,016 |
| Aug 2025 | $252,162 | $1,047 |
| Aug 2026 | $263,135 | $1,112 |
Counties
- LaPorte County, IN5.4% median yield
- Starke County, INn/a median yield
Tools
Questions
- Is the Michigan City, IN metro good for rental property?
- The typical home here runs -$963 a month at 7.78% with 25% down. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.4%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Michigan City, IN metro have the highest rental yield?
- 46360 (Michigan City) at 5.6%, 46350 (La Porte) at 5.2%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.