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Lake County, IN

RANK #353 / 996  ·  POP 497,682  ·  IN

PROJECTED GROWTH: +1.3%

Lake County combines solid growth with real affordability — a rare combination.

[01] Why Lake County?

Bordering Lake Michigan, Lake County, Indiana, is often first recognized for its connection to the Indiana Dunes, offering residents access to beaches and trails. Located in Northwest Indiana, it is part of the Chicago metropolitan area, with commutes to Chicago being a notable aspect of daily life for many. The county presents a mix of urban, suburban, and rural environments, with towns like Crown Point, Munster, and St. John frequently mentioned for their quality of life. Outdoor recreation extends beyond the dunes to numerous county parks, including Deep River County Park and Lemon Lake, providing diverse natural scenery and activities.

Life in Lake County reflects a blend of suburban living with access to major metropolitan amenities. Many families reside here, with public schools in areas like Munster, St. John, and Crown Point often highlighted. The economy, historically tied to manufacturing, has diversified, attracting investment in various sectors. Recent economic developments include growth in industrial projects, with Lake County leading the state in this area. This economic activity, alongside a lower cost of living compared to nearby urban centers, contributes to the county's appeal for residents.

[02] Market Snapshot

Housing Ratio
3.9x

Undervalued relative to economy

GDP Growth
+4.4%

Well above national median

Home Prices
+1.4%

Above national median

Climate & Terrain
-1.1

Below-average climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 3.9x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Lake County U.S. National

The Numbers

DEMOGRAPHICS
Population
497,682
+0.35% YoY
Median Household Income
$66,375
Median Home Value
$195,100
+1.36% 12mo
Median Rent
$1,039
Average Annual Pay
$61,200
+3.7% YoY
Employment
191,633
+1.2% YoY
Income-to-Home-Value
0.3402
More affordable than average
Migration Inflow
1.37%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$267,950
Days on Market
58
Moderate pace
Months of Supply
3.2
Balanced market
Sale-to-List Ratio
97.1%
Negotiation room for buyers
Sold Above List
15.2%
Listings w/ Price Drops
28.2%
Building Permits (2024)
1,649
Single-Family Permits
1,621

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$6,650M
TOTAL
PROJECT AMOUNT STATUS
Sentinel Data Centers Campus
Sentinel Data Centers
$5,000M Proposed
BP Whiting Refinery Delayed Coker Unit Addition
BP Products North America Incorporated
$800M Under Construction
CoreWeave Digital Crossroads Data Center
Decennial Group
$500M Planned
Foundry Works Solar & Energy Storage Center
Invenergy
$200M Under Construction
Lake County Convention Center & Hard Rock Hotel
Hard Rock Casino Northern Indiana
$100M Planned
Tenaska Battery Storage Facility
Tenaska
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +4.4% 78 percentile
Population Growth +0.3% 45 percentile
Income Growth +7.0% 17 percentile
Vacancy Rate 0.9% 60 percentile
Home Price Change +1.4% 50 percentile
Rent Growth +4.9% 79 percentile
Price/Rent 12x 74 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Lake County, IN a good place to move to?

Lake County has a Boom Town Index score of 65/100, ranking #353 among 996 U.S. counties. With job growth at +1.2% and a median household income of $66,375, it's an above-average county on economic indicators.

Is Lake County affordable?

The median home value in Lake County is $195,100 with median rent at $1,039/month. The income-to-home-value ratio is 0.3402, which is more affordable than the national average.

Is Lake County growing or shrinking?

Population growth: +0.3% year-over-year. Job growth: +1.2%. Home values changed +1.4% in the past 12 months.

[08] Similar Metros

Lycoming County, PA 75 Hancock County, IN 75 Matanuska-Susitna Borough, AK 75 Granville County, NC 75 Bradford County, PA 75 Douglas County, KS 75 Albany County, NY 75 Comanche County, OK 75