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Lake Station

Learn about the people, housing, costs and businesses in Lake Station, Indiana

Median Home$138,362
Median Rent$1,134/month
Population13,140
Leading IndustriesFinance & Insurance · Information & Media · Retail10% finance & insurance
Home Value Growth⬆⬆⬆+21.1% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners74% of occupied units
NotableAmenity Score70/100 · highly walkable area
Lake Station
IN

Frequently Asked Questions

What are today's mortgage rates in Lake Station?

As of today, the 30-year fixed mortgage rate for Lake Station is approximately 7.125% (7.172% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lake Station?

The median home value in Lake Station is $138k. The median monthly rent is $1,134. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Station?

Home values in Lake Station have increased 21.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lake Station?

Based on a typical all-in ownership cost of $1,033/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Station is $60k/year.

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What industries drive the economy in Lake Station?

The largest employment sectors in Lake Station are retail (17%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.