The story of this market
The typical home in ZIP 46351 sells for about $174,900.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $1,429 a month.
ZIP 46351 — Kentland
The Lake Station housing market is characterized by a median listing price of $174,900 with limited active inventory. Market activity shows a sale-to-list ratio of 94% and a median of 47 days on market. The area is experiencing a slight population decline.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 47 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 94% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 15.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46405, Lake Station city, Indiana
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.
Data retrieved from US Census Bureau and World Population Review.
Public recreational facility located in Lake Station.
Protected natural area located in Lake Station.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.