All Reports Housing Affordability Lake County • May 2026 • All

Housing Affordability

Home price and typical payment compared to income

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Housing AffordabilityLake CountyMay 2026

Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price
May 2026
34.5%
Year-over-year change
+4%
Compared to 33.1% last year
Difference from state
-4%
Compared to 35.8% in Indiana
View source and notes...

Last update: June 7, 2026, 4:13 a.m. 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.

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K
May 2026
39.0%
Year-over-year change
-7%
Compared to 41.8% last year
Difference from state
+6%
Compared to 36.9% in Indiana
View source and notes...

Last update: June 7, 2026, 4:03 a.m. 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.

Demographics

Median Household Income

Adjusted to current dollars
January 2025
$69,392
Year-over-year change
+10%
Compared to $63,152 last year
Difference from state
-1%
Compared to $69,976 in Indiana
View source and notes...

Last update: June 7, 2026, 4:13 a.m. 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.

Market Momentum

Price

Median Monthly Payment

For median-priced home
May 2026
$1,994
Year-over-year change
+4%
Compared to $1,912 last year
Difference from state
-4%
Compared to $2,085 in Indiana
View source and notes...

Last update: June 7, 2026, 4:03 a.m. 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.

Median Sale Price

3-Month Rolling Median
May 2026
$263,000
Year-over-year change
+7%
Compared to $245,000 last year
Difference from state
-4%
Compared to $275,000 in Indiana
View source and notes...

Last update: June 7, 2026, 4:03 a.m. Source: IAR Data Warehouse Data notes: -

Sales

Closed Sales by Price

12-month rolling total
All properties, June 2026
5,391
+1%
Under $250K
2,491
-10%
At Least $250K
2,900
+12%
View source and notes...

Last update: June 7, 2026, 4:55 a.m. Source: IAR MLS Data Warehouse Data notes: None

Supply

New Listings by Price

12-month rolling total
All properties, June 2026
7,462
+4%
Under $250K
3,261
-5%
At Least $250K
4,201
+12%
View source and notes...

Last update: June 7, 2026, 4:55 a.m. Source: IAR MLS Data Warehouse Data notes: None

Inventory by Price

Average daily inventory in latest month
All properties, June 2026
1,240
-2%
Under $250K
449
-3%
At Least $250K
790
-2%
View source and notes...

Last update: June 7, 2026, 4:55 a.m. Source: IAR MLS Data Warehouse Data notes: None