ZIP comparison · Chicago-Naperville-Elgin, IL-IN
46410 vs 60424
Side-by-side comparison of two ZIP codes — typical home value, rent, yield, taxes, schools, and demographics. The greener number on each row signals which ZIP comes out ahead on that metric.
| Metric | ZIP46410Merrillville, IN | ZIP60424Gardner, IL |
|---|---|---|
| Home value | ||
| Typical home value | Better: $242,094 | $239,891 |
| 1-year appreciation | +0.4% | Better: +2.1% |
| 5-year CAGR | Better: +5.1% | +5.0% |
| 10-year CAGR | Better: +7.0% | +5.0% |
| Rent & investment | ||
| Monthly rent | $1,553 | — |
| Gross yield | 7.7% | — |
| Cap rate | 4.6% | — |
| Property tax | ||
| Effective tax rate | Better: 1.0% | 1.8% |
| Typical annual tax | Better: $2,330 | $4,335 |
| Demographics | ||
| Population | 39,243 | 2,153 |
| Median household income | $64,127 | Better: $83,250 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively Low |
| Net migration | -162 | Better: -1 |
| Schools | ||
| Public schools | 9 | 2 |
| Students enrolled | 6,094 | 287 |