The story of this market
The typical home in ZIP 46371 sells for about $320,714, or $172 per square foot.
Prices are up +6.3% from a year ago, so sellers still have some momentum. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,870 a month.
ZIP 46371
The 46371 housing market shows steady appreciation and low inventory, reflecting a stable, owner-occupied community. While median prices have risen, the market remains relatively affordable compared to national averages, driven by consistent demand in the LaPorte County area.
This ZIP is well-suited for families and long-term homeowners seeking a stable, rural-suburban environment with proximity to regional employment centers.
Median prices moved up 6.3% year over year.
Homes spend a median of 82 days on market with 6.0 months of supply — a balanced-paced market.
22% of listings have cut prices · homes sell at 97.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 5.2% — a stable, low-distress 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 8.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 46371, LaPorte County, IN
The area is served by the La Porte Community School Corporation, which generally maintains standard state-level performance metrics.
The region is subject to standard Midwestern weather patterns, including seasonal wind and storm risks; flood risk is localized to specific low-lying areas.
Economic momentum is driven by proximity to the Michigan City-La Porte industrial corridor and regional logistics hubs.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. 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) — 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 primarily rely on personal vehicles for commuting, with access to US-20 and US-35 providing routes toward Michigan City and South Bend.
The area features proximity to rural landscapes, local parks, and is within driving distance of the Indiana Dunes National Park and Lake Michigan shoreline.
The rental market is characterized by low vacancy pressure and a high share of owner-occupied housing, with limited short-term rental inventory.
The local economy is anchored by manufacturing, logistics, and agricultural sectors within the broader Michigan City-La Porte MSA.
Transportation is primarily highway-based, with limited public transit options available in this rural-suburban setting.
Development is largely focused on residential infill and small-scale commercial expansion along major transit corridors.
The LaPorte County Assessor manages property valuations based on annual market adjustments and cyclical reassessments.
Parcels are subject to standard county and school district levies; specific MUD/PID districts are not prevalent.
Property insurance premiums are influenced by regional weather patterns and standard Midwestern risk profiles.
Indiana operates as a judicial foreclosure state, requiring court intervention for the foreclosure process.
Indiana law requires sellers to provide a written disclosure form detailing the condition of the property to prospective buyers.
Data retrieved from U.S. 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. Source: NCES EDGE public school locations 2023-24.
Local community green space.
Regional landmark located within driving distance.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.