The median home in Lake Station, Indiana is valued at $145,953, down 2.1% year over year. Typical monthly rent is $1,250, producing a price-to-rent ratio of 9.7x — below the national average of 18x. Lake Station is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$145,953

-2.1%

Rent$1,250/mo

AFFORDABILITY

Enter your income for Lake Station.

Income (annual)

Down Payment

$29,191 on $145,953

Affordable — 15.6% of income

Under the 28% guideline.

PITI$975

P/I15.6%

Afford$262K

Room+$116K

P&I $738Tax $103Ins $133

Buying $275/mo cheaper ($1,250 rent)6.50% 30yr, 20% down, county tax + IN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Indiana

Compare Lake Station with other housing markets across Indiana.

Dune Acres$889K Clear Lake$747K Long Beach$720K Zionsville$661K Carmel$548K Michiana Shores$540K Ogden Dunes$467K Westfield$460K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

LAKE STATION, IN