The story of this market
The typical home in ZIP 46327 sells for about $668,500, or $185 per square foot.
Prices are up +69% from a year ago, so sellers still have some momentum. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $918 a month.
This ZIP has no home sales of its own, so its market figures come from Newton County, Indiana (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 46327 — Hammond
The housing market in 46327 remains stable with low price points compared to the broader Chicago metro area, driven by steady demand for affordable workforce housing. Inventory remains tight, keeping price appreciation modest but consistent. The market is primarily influenced by local economic conditions and the ongoing need for entry-level residential options.
This ZIP is well-suited for budget-conscious families and commuters who prioritize proximity to the Chicago metro area over luxury amenities, seeking affordable entry-level housing.
Median prices moved up 69.0% year over year.
Homes spend a median of 37 days on market with 42.0 months of supply — a balanced-paced market.
55% of listings have cut prices · homes sell at 98.1% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.0% · poverty 32.4% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 46327, Lake County IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Hammond are generally higher than the national average, with property crime being the most frequently reported incident type in this urbanized area.
Schools serving the area are part of the School City of Hammond, which faces challenges with academic performance metrics compared to suburban districts in the broader Chicago metro area.
The area is located in a low-lying region near Lake Michigan, presenting moderate flood risks that require standard flood insurance coverage for many properties.
Economic momentum is tied to the industrial and logistics sectors of Northwest Indiana, with proximity to Chicago providing a base for regional employment.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Residents benefit from proximity to major highways like I-90 and I-80/94, providing direct access to the Chicago employment core, though transit options are primarily road-based.
The area features local neighborhood parks and is within reach of the Lake Michigan shoreline amenities, including beaches and trails in nearby Whiting and Hammond.
The rental market is characterized by a high share of multi-family housing and steady demand from a workforce-oriented demographic, with limited new supply.
The economy is anchored by manufacturing, logistics, and healthcare services, with significant employment provided by regional industrial facilities and proximity to Chicago's diverse job market.
The area is served by a network of regional highways and local bus routes, with ongoing discussions regarding commuter rail expansion into the region.
Development is focused on infill projects and the rehabilitation of existing residential and commercial stock within the city's core.
The Lake County Assessor manages property valuations, utilizing a mass appraisal system to determine annual tax liabilities.
Parcels are subject to School City of Hammond taxes and various municipal service districts for utilities and flood control.
Property insurance premiums are influenced by the area's urban density and proximity to industrial zones, with standard coverage readily available.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Navy Pier4.618.9 mi
- Museum of Illusions Chicago4.618.6 mi
- Sloomoo Institute - Chicago4.519.8 mi
- Color Factory Chicago4.718.5 mi
- Dave & Buster's Orland Park417.9 mi
- Navy Pier4.618.9 mi
- United Center4.719.5 mi
- Soldier Field4.517.1 mi
- McCormick Place4.516.5 mi
- Rate Field4.615.4 mi
- Griffin Museum of Science and Industry4.711.9 mi
- Osaka Garden4.711.6 mi
- AMC Crestwood 184.212.5 mi
- Frederick C. Robie House4.712.1 mi
- Marcus Country Club Hills Cinema4.311.6 mi
- Navy Pier4.618.9 mi
- Shedd Aquarium4.517.4 mi
- The Art Institute of Chicago4.818.3 mi
- Field Museum4.717.4 mi
- Griffin Museum of Science and Industry4.711.9 mi
- Jackson Park Cherry Blossoms4.611.8 mi
- Burnham Park Promontory Point4.812.1 mi
- Jackson Park4.611.2 mi
- Big Marsh Park4.75.3 mi
- Wampum Lake4.56.1 mi
- Hammond Marina4.44.7 mi
- Crowley's Yacht Yard LLC4.46.8 mi
- East Chicago Marina4.43.9 mi
- Pier 11 Marina4.65.1 mi
- Chicago Yacht Works4.23.2 mi
- Harborside International Golf Center4.16.2 mi
- Ravisloe Country Club4.59.9 mi
- Lost Marsh Golf Course4.12.3 mi
- Jackson Park Golf Course4.211.1 mi
- Glenwoodie Golf Club4.58.5 mi
- Swap-O-Rama Flea Markets4.311.6 mi
- Meijer4.27.1 mi
- Jewel-Osco4.212 mi
- Meijer4.311.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Large recreational area with water access and trails.
Provides boat slips and access to Lake Michigan.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Coherence hold-out: this pass's median price ($107,400) sat outside the 0.25–4× band around Newton County's retained level and was not stored.