Housing data for Lake Station, IN
Lake Station, IN has an estimated 13,185 residents and 4,947 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Lake County.
28.0% of households rent.
The median gross rent is $1,124 a month.
Its population grew measurably since 2015–2019 (+9.9%).
Figures last updated on .
- Residents
- 13,185 (±475)
- Housing units
- 4,947 (±300)
- Households that rent
- 28.0%
- Median gross rent
- $1,124
- Residents since 2015–2019
- +9.9%
What stands out in Lake Station
Homes in buildings of 5 or more units: 3.8% (±2.4 points) in Lake Station, lower than in Lake County (13.1%).
Median home value: $137,400 (±$8,977) in Lake Station, lower than in Lake County ($230,600).
Rental vacancy rate: 0.0% (±2.8 points) in Lake Station, lower than in Lake County (5.1%).
Median real estate taxes: $1,399 (±$125) in Lake Station, lower than in Lake County ($2,112).
- Types of homes in Lake Station
- Home values in Lake Station
- Vacancy rate in Lake Station
- Property taxes in Lake Station
Housing in Lake Station at a glance
- Median rent: $1,124 median gross rent a month
- Rent by bedrooms: $1,042 median gross rent, 2 bedrooms
- Rent burden: 47.6% of renters pay 30% or more of income
- Renters and owners: 28.0% of households rent
- Income and affordability: $59,591 median household income
- Home values: $137,400 median home value
- Homeowner costs: $1,187 median monthly cost with a mortgage
- Property taxes: $1,399 median real estate taxes a year
- Types of homes: 3.8% of homes are in buildings of 5 or more units
- Bedrooms: 69.1% of homes have 3 or more bedrooms
- Age of homes: 68.3% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate
- Heating fuel: 90.5% heat with utility gas
- Commute and cars: 26.8 minutes average trip to work
- Growth: +9.9% residents since 2015–2019
- How long people stay: 22.6% moved in since 2020
- Crowding and facilities: 4.7% of homes have more than 1 person per room
- Fair Market Rent: $1,460 Small Area FMR, 2 bedrooms (ZIP 46405)
Lake Station against Lake County, its state and the nation
| Lake Station | Lake County | Indiana | United States | |
|---|---|---|---|---|
| Residents | 13,185 (±475) | 500,379 (exact) | 6,851,073 (exact) | 334,922,499 |
| Housing units | 4,947 (±300) | 217,436 (±112) | 2,976,568 (±617) | 143,775,355 |
| Households that rent | 28.0% (±6.9 points) | 28.3% (±0.8 points) | 29.4% (±0.3 points) | 34.8% |
| Median gross rent | $1,124 (±$84) | $1,131 (±$16) | $1,062 (±$5) | $1,413 |
| Median household income | $59,591 (±$7,300) | $71,493 (±$1,419) | $71,957 (±$352) | $80,734 |
| Median home value | $137,400 (±$8,977) | $230,600 (±$2,947) | $218,200 (±$739) | $332,700 |
| Median real estate taxes (a year) | $1,399 (±$125) | $2,112 (±$45) | $1,614 (±$9) | $3,119 |
| Built before 1980 | 68.3% (±10.0 points) | 66.0% (±1.3 points) | 55.0% (±0.3 points) | 49.7% |
| Average commute | 26.8 minutes (±3.9) | 28.5 minutes (±0.5) | 24.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 91.2% (±3.1 points) | 89.7% (±0.6 points) | 89.9% (±0.2 points) | 91.0% |
| Median age of residents | 33.5 years (±4.7) | 39.7 years (±0.3) | 38.1 years (±0.2) | 38.9 years |
Lake Station covers 8.3 square miles of land, about 1,590 residents per square mile (Census Bureau Gazetteer).
How Lake Station has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 12,002 (±24) | 13,185 (±475) | +9.9% | Measurable increase |
| Housing units | 4,860 (±284) | 4,947 (±300) | +1.8% | Not a measurable change |
| Median gross rent | $953 (±$48) | $1,124 (±$84) | +17.9% | No measurable change after inflation |
| Median home value | $84,400 (±$2,544) | $137,400 (±$8,977) | +62.8% | Up after inflation |
| Median household income | $47,857 (±$4,393) | $59,591 (±$7,300) | +24.5% | No measurable change after inflation |
| Median owner cost with a mortgage | $949 (±$45) | $1,187 (±$83) | +25.1% | No measurable change after inflation |
| Median real estate taxes | $1,212 (±$104) | $1,399 (±$125) | +15.4% | No measurable change after inflation |
| Households that rent | 29.2% (±4.7 points) | 28.0% (±6.9 points) | −1.2 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±2.6 points) | 0.0% (±2.8 points) | 0.0 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Lake County
Lake Station has no police department of its own in the FBI’s figures, so this is the figure for Lake County as a whole.
In 2025, the police departments that report for Lake County recorded 378 violent and 1,383 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Lake Station
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 46405 | 88% | 12,184 | $1,144 | $139,200 | $60,881 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Lake Station
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| New Chicago | 1.6 mi | $1,141 | $134,100 | 31.8% |
| Hobart Township | 2.2 mi | $1,137 | $184,000 | 28.1% |
| Portage Township (Porter County) | 3.9 mi | $1,248 | $218,600 | 26.3% |
| Portage | 4.0 mi | $1,231 | $224,200 | 27.1% |
| Hobart | 4.5 mi | $1,206 | $215,200 | 30.5% |
| Ogden Dunes | 4.8 mi | — | $492,300 | 0.6% |
| Gary | 5.0 mi | $1,012 | $94,700 | 50.9% |
| Calumet Township | 5.5 mi | $1,061 | $125,500 | 45.3% |
Places in Indiana most like Lake Station
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Iroquois Township | $1,007 | $116,200 | $61,630 | 24.5% |
| New Chicago | $1,141 | $134,100 | $57,313 | 31.8% |
| White Post Township | $1,068 | $140,100 | $62,583 | 22.2% |
| Silver Lake | $1,158 | $112,000 | $55,272 | 20.8% |
| Wayne Township (Montgomery County) | $1,112 | $122,200 | $63,808 | 18.8% |
| Milford | $1,029 | $159,700 | $51,667 | 23.7% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Indiana.
HUD Fair Market Rent for Lake Station, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,117 | $1,176 | $1,429 | $1,739 | $1,898 |
HUD also publishes a Small Area Fair Market Rent for each ZIP code in the area; the Fair Market Rent page for this place lists its ZIP codes.
HUD income limits for Lake Station, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $21,200 | $35,350 | $56,500 |
| 2 people | $24,200 | $40,400 | $64,600 |
| 3 people | $27,320 | $45,450 | $72,650 |
| 4 people | $33,000 | $50,450 | $80,700 |
| 5 people | $38,680 | $54,500 | $87,200 |
| 6 people | $44,360 | $58,550 | $93,650 |
| 7 people | $50,040 | $62,600 | $100,100 |
| 8 people | $55,720 | $66,600 | $106,550 |
These are the limits HUD sets for its housing programs in the Gary, IN HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $100,900.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lake Station
What is the average rent in Lake Station, IN?
The Census Bureau publishes the median rather than the average: the median gross rent in Lake Station is $1,124 (±$84) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Lake Station?
The median gross rent for a one-bedroom home in Lake Station, IN is $919 (±$267) a month (2020–2024 American Community Survey).
Are renters in Lake Station rent-burdened?
47.6% of renting households in Lake Station pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Lake Station?
Lake Station has an estimated 1,315 (±358) renting households, 28.0% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Lake Station?
The median household income in Lake Station is $59,591 (±$7,300) a year (2020–2024 American Community Survey).
What is the average home value in Lake Station, IN?
The Census Bureau publishes the median: $137,400 (±$8,977) for owner-occupied homes in Lake Station (2020–2024 American Community Survey).
Is Lake Station growing?
In Lake Station, the number of residents went from 12,002 in 2015–2019 to 13,185 in 2020–2024 (+9.9%), a measurable increase.
What ZIP codes are in Lake Station?
The ZIP code that covers Lake Station is 46405.
What is the median rent in ZIP code 46405?
The median gross rent in ZIP Code Tabulation Area 46405 is $1,144 (±$90) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Lake Station city, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Station city, Indiana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lake Station city, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lake Station city, Indiana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Lake Station city, Indiana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Lake Station city, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake Station city, Indiana
- HUD Fair Market Rents, fiscal year 2027: Gary, IN HUD Metro FMR Area
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Gary, IN HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lake Station city, Indiana (place:41535, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .