How much is a home worth in ZIP code 46307?

The typical home in 46307 is worth $358,573, based on the Zillow Home Value Index.

Are home values rising in 46307?

Home values in 46307 are up 1.2% over the past year, and up 4.3% a year over five years.

What is the typical rent in 46307?

A typical home in 46307 rents for about $1,776 a month, a gross rental yield of 5.9%.

What is the property tax rate in 46307?

The effective property tax rate in 46307 is 0.9% — roughly $3,105 a year on a typical home.

ZIP code 46307 has a population of 71,673 and a median household income of $107,800.

HousingHandbookReference data

…

U.S. ZIP Code · IN46307

Lake County · Chicago-Naperville-Elgin, IL-IN

Typical home value

$358,573^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.2%
5-year / yr: +4.3%
10-year / yr: +5.4%

Relative price

vs U.S.: +26.2%
vs metro: +6.4%
vs state: +55.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 46307 is worth $358,573 — 6.4% above the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 1.2%. Homes here rent for a typical $1,776 a month — a 5.9% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,776^[2]
Gross yield: 5.9%^[2]
Cap rate: 3.6%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.9%^[3]
Typical annual tax: $3,105^[3]

#Climate risk

FEMA National Risk Index ratings for Lake County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Very Low
Wildfire: Relatively Low
Drought: No Rating
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Very High
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 71,673^[3]
Median household income: $107,800^[3]

#Migration

Household moves in and out of Lake County over a year, from IRS tax-return data.

Net migration: -162^[5]
Moved in: 10,188
Moved out: 10,350

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 10
Elementary: 6
Middle: 2
High: 1

Crown Point High School
High · Grades 9–12 · Crown Point Community School Corp
2,998 students
Robert Taft Middle School
Middle · Grades 6–8 · Crown Point Community School Corp
1,079 students
Colonel John Wheeler Middle School
Middle · Grades 6–8 · Crown Point Community School Corp
1,068 students
Jerry Ross Elementary School
Elementary · Grades K–5 · Crown Point Community School Corp
646 students
Timothy Ball Elementary School
Elementary · Grades PK–5 · Crown Point Community School Corp
634 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.9%

Net yield (after ~40% expenses)3.6%

Annual rent$21,308

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,813

Loan principal$286,859

Down payment$71,715

Total interest paid$365,872

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.34

Monthly cost to own$2,372

Monthly rent$1,776

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 19th percentile^[1]
Rental yield: 31st percentile^[2]
Property tax: 6th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

2nd for most populous in INView list →

Frequently asked

How much is a home worth in ZIP code 46307?: The typical home in 46307 is worth $358,573, based on the Zillow Home Value Index.
Are home values rising in 46307?: Home values in 46307 are up 1.2% over the past year, and up 4.3% a year over five years.
What is the typical rent in 46307?: A typical home in 46307 rents for about $1,776 a month, a gross rental yield of 5.9%.
What is the property tax rate in 46307?: The effective property tax rate in 46307 is 0.9% — roughly $3,105 a year on a typical home.
Who lives in 46307?: ZIP code 46307 has a population of 71,673 and a median household income of $107,800.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

60021 vs 46307 →
Fox River Grove, IL
Typical home
$358,445
Gross yield
—
60084 vs 46307 →
Wauconda, IL
Typical home
$357,895
Gross yield
6.5%
60191
Wood Dale, IL
Typical home
$357,406
Gross yield
—
60659
Chicago, IL
Typical home
$357,016
Gross yield
6.5%
60612
Chicago, IL
Typical home
$360,140
Gross yield
8.2%
60441
Lockport, IL
Typical home
$360,625
Gross yield
6.9%

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#Jump to section

U.S. ZIP Code · IN46307

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