The story of this market
The typical home in ZIP 46383 sells for about $355,000, or $190 per square foot.
Prices are up +4.3% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,212 a month.
ZIP 46383 — Valparaiso
The housing market in 46383 is currently characterized as a seller's market with steady price appreciation and moderate inventory levels. Demand remains supported by the area's accessibility to regional employment hubs, though the pace of sales has slowed compared to previous periods.
This ZIP is well-suited for families and commuters seeking a balance between suburban living and access to the Chicago employment core.
Median prices moved up 4.3% year over year.
Homes spend a median of 68 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 12.4% — a stable, low-distress profile.
ZCTA 46383, Porter County IN
The area is served by Valparaiso Community Schools, which generally maintains a positive reputation within the region.
Valparaiso serves as a regional hub with ongoing residential and commercial development, supported by its proximity to the Chicago metropolitan area and major transportation corridors.
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 have access to the South Shore Line for transit to Chicago and are located approximately 4 miles from the I-80/90 expressway.
The area features numerous parks, local trails, and proximity to regional shopping and dining districts within Valparaiso.
The rental market shows moderate demand with a mix of single-family and apartment offerings; vacancy pressure remains stable.
The local economy is anchored by education, healthcare, and professional services, with significant influence from the broader Northwest Indiana industrial base.
The area is served by major highway corridors including I-80/90 and the South Shore Line commuter rail.
Ongoing residential development is guided by the city's 2020-2030 housing strategy.
Porter County assessment regime follows standard Indiana property tax procedures.
Parcels are subject to local school district, municipal, and county-level special district levies.
Data sourced from City-Data and Census-based profiles.
Extensive local park system serving the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.