How much is a home worth in ZIP code 46320?

The typical home in 46320 is worth $142,519, based on the Zillow Home Value Index.

Are home values rising in 46320?

Home values in 46320 are up 3.5% over the past year, and up 7.9% a year over five years.

What is the typical rent in 46320?

A typical home in 46320 rents for about $1,361 a month, a gross rental yield of 11.5%.

What is the property tax rate in 46320?

The effective property tax rate in 46320 is 0.9% — roughly $1,352 a year on a typical home.

ZIP code 46320 has a population of 14,353 and a median household income of $37,158.

HousingHandbookReference data

…

U.S. ZIP Code · IN46320

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

Typical home value

$142,519^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.5%
5-year / yr: +7.9%
10-year / yr: +13.3%

Relative price

vs U.S.: -49.8%
vs metro: -57.7%
vs state: -38.4%

Price history

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

The typical home in 46320 is worth $142,519 — 57.7% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 3.5%. Homes here rent for a typical $1,361 a month — a 11.5% 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: $1,361^[2]
Gross yield: 11.5%^[2]
Cap rate: 6.9%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $1,352^[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: 14,353^[3]
Median household income: $37,158^[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: 4
Elementary: 0
Middle: 1
High: 3

Hammond Central High School
High · Grades 9–12 · School City of Hammond
1,923 students
Henry W Eggers Middle School
Middle · Grades 7–8 · School City of Hammond
783 students
Hammond Academy of Science & Tech
High · Grades 6–12 · Hammond Academy of Science & Tech
551 students
Area Career Center
High · Grades 6–12 · School City of Hammond
0 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 yield11.5%

Net yield (after ~40% expenses)6.9%

Annual rent$16,330

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$721

Loan principal$114,015

Down payment$28,504

Total interest paid$145,420

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 ratio0.70

Monthly cost to own$952

Monthly rent$1,361

Owning 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: 95th percentile^[1]
Rental yield: 92nd percentile^[2]
Property tax: 9th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 46320?: The typical home in 46320 is worth $142,519, based on the Zillow Home Value Index.
Are home values rising in 46320?: Home values in 46320 are up 3.5% over the past year, and up 7.9% a year over five years.
What is the typical rent in 46320?: A typical home in 46320 rents for about $1,361 a month, a gross rental yield of 11.5%.
What is the property tax rate in 46320?: The effective property tax rate in 46320 is 0.9% — roughly $1,352 a year on a typical home.
Who lives in 46320?: ZIP code 46320 has a population of 14,353 and a median household income of $37,158.

#Comparable ZIPs

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

60649 vs 46320 →
Chicago, IL
Typical home
$139,272
Gross yield
12.0%
60628 vs 46320 →
Chicago, IL
Typical home
$149,199
Gross yield
12.4%
60636
Chicago, IL
Typical home
$135,094
Gross yield
13.6%
60428
Markham, IL
Typical home
$152,867
Gross yield
19.6%
46403
Gary, IN
Typical home
$153,191
Gross yield
10.2%
60466
Park Forest, IL
Typical home
$153,354
Gross yield
15.6%

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Pit ZIP 46320 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IN46320

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