All Reports Housing Affordability Lake County • July 2026 • All Residential

Housing Affordability

Home price and typical payment compared to income

 Quick Summary

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Housing AffordabilityLake CountyJuly 2026

Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price
July 2026
43.0%
Year-over-year change
+4%
Compared to 41.4% last year
Difference from state
+2%
Compared to 42.2% in Indiana
View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR Data Warehouse / American Community Survey Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average. Geography notes: New construction is now counted here, as it already was elsewhere in Indiana. Figures here are higher than previously published. All history has been rebuilt on the current method, so the trend is consistent throughout.

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K
July 2026
30.4%
Year-over-year change
-14%
Compared to 35.4% last year
Difference from state
-16%
Compared to 36.1% in Indiana
View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR Data Warehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average. Geography notes: New construction is now counted here, as it already was elsewhere in Indiana. Figures here are higher than previously published. All history has been rebuilt on the current method, so the trend is consistent throughout.

Demographics

Median Household Income

Adjusted to current dollars
January 2025
$61,778
Year-over-year change
+3%
Compared to $59,883 last year
Difference from state
-0%
Compared to $61,915 in Indiana
View source and notes...

Last update: Aug. 7, 2026, midnight Source: American Community Survey and Bureau of Labor Statistics Employment Cost Index Data notes: The most recent income measure from the American Community Survey is adjusted by two-year change in the Employment Cost Index to adjust to current dollars. Geography notes: New construction is now counted here, as it already was elsewhere in Indiana. Figures here are higher than previously published. All history has been rebuilt on the current method, so the trend is consistent throughout.

Market Momentum

Price

Median Monthly Payment

For median-priced home
July 2026
$2,216
Year-over-year change
+4%
Compared to $2,130 last year
Difference from state
+2%
Compared to $2,178 in Indiana
View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR Datawarehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average. Geography notes: New construction is now counted here, as it already was elsewhere in Indiana. Figures here are higher than previously published. All history has been rebuilt on the current method, so the trend is consistent throughout.

Median Sale Price

3-Month Rolling Median
July 2026
$290,000
Year-over-year change
+5%
Compared to $275,000 last year
Difference from state
+2%
Compared to $285,000 in Indiana
View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR Data Warehouse Data notes: - Geography notes: New construction is now counted here, as it already was elsewhere in Indiana. Figures here are higher than previously published. All history has been rebuilt on the current method, so the trend is consistent throughout.

Sales

Closed Sales by Price

12-month rolling total
All properties, August 2026
6,185
-0%
Under $250K
2,459
-10%
At Least $250K
3,726
+5%
View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: New construction is now counted here, as it already was elsewhere in Indiana. Figures here are higher than previously published. All history has been rebuilt on the current method, so the trend is consistent throughout.

Supply

New Listings by Price

12-month rolling total
All properties, August 2026
8,764
+2%
Under $250K
3,192
-8%
At Least $250K
5,572
+8%
View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: New construction is now counted here, as it already was elsewhere in Indiana. Figures here are higher than previously published. All history has been rebuilt on the current method, so the trend is consistent throughout.

Inventory by Price

Average daily inventory in latest month
All properties, August 2026
1,371
-0%
Under $250K
482
-9%
At Least $250K
889
+5%
View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: New construction is now counted here, as it already was elsewhere in Indiana. Figures here are higher than previously published. All history has been rebuilt on the current method, so the trend is consistent throughout.