HousingHandbookReference data

U.S. ZIP Code · IN46311

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

Typical home value

$363,734[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.7%
5-year / yr
+4.1%
10-year / yr
+4.9%

Relative price

vs U.S.
+28.0%
vs metro
+7.9%
vs state
+57.2%
ZIP 46311 location in IN
Location of ZIP 46311 in IN

Price history

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

The typical home in 46311 is worth $363,734 — 7.9% above the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 1.7%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.9%[3]
Typical annual tax
$3,444[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
23,321[3]
Median household income
$116,652[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
3
Elementary
2
Middle
1
High
0
  • Kahler Middle School

    Middle · Grades 5–8 · Lake Central School Corporation

    946 students

  • Protsman Elementary School

    Elementary · Grades PK–4 · Lake Central School Corporation

    642 students

  • George Bibich Elementary School

    Elementary · Grades PK–4 · Lake Central School Corporation

    560 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$1,839
Loan principal$290,987
Down payment$72,747
Total interest paid$371,139

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.

Own : rent ratio
Monthly cost to own$2,430
Monthly rent

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
17th percentile[1]
Rental yield
[2]
Property tax
9th percentile[3]

Frequently asked

How much is a home worth in ZIP code 46311?
The typical home in 46311 is worth $363,734, based on the Zillow Home Value Index.
Are home values rising in 46311?
Home values in 46311 are up 1.7% over the past year, and up 4.1% a year over five years.
What is the property tax rate in 46311?
The effective property tax rate in 46311 is 0.9% — roughly $3,444 a year on a typical home.
Who lives in 46311?
ZIP code 46311 has a population of 23,321 and a median household income of $116,652.

#Comparable ZIPs

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

  • Chicago, IL

    Typical home
    $363,693
    Gross yield
    9.1%
  • Crystal Lake, IL

    Typical home
    $365,797
    Gross yield
    7.4%
  • Villa Park, IL

    Typical home
    $365,991
    Gross yield
    7.3%
  • Westchester, IL

    Typical home
    $361,463
    Gross yield
  • Lockport, IL

    Typical home
    $360,625
    Gross yield
    6.9%
  • Chicago, IL

    Typical home
    $360,140
    Gross yield
    8.2%

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