How much is a home worth in ZIP code 46322?

The typical home in 46322 is worth $266,748, based on the Zillow Home Value Index.

Are home values rising in 46322?

Home values in 46322 are up 2.1% over the past year, and up 5.1% a year over five years.

What is the typical rent in 46322?

A typical home in 46322 rents for about $1,574 a month, a gross rental yield of 7.1%.

What is the property tax rate in 46322?

The effective property tax rate in 46322 is 0.9% — roughly $2,362 a year on a typical home.

ZIP code 46322 has a population of 23,680 and a median household income of $78,062.

HousingHandbookReference data

…

U.S. ZIP Code · IN46322

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

Typical home value

$266,748^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.1%
5-year / yr: +5.1%
10-year / yr: +5.8%

Relative price

vs U.S.: -6.1%
vs metro: -20.8%
vs state: +15.3%

Price history

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

The typical home in 46322 is worth $266,748 — 20.8% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 2.1%. Homes here rent for a typical $1,574 a month — a 7.1% 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: $1,574^[2]
Gross yield: 7.1%^[2]
Cap rate: 4.2%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $2,362^[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: 23,680^[3]
Median household income: $78,062^[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: 6
Elementary: 4
Middle: 1
High: 1

Highland High School
High · Grades 9–12 · School Town of Highland
980 students
Highland Middle School
Middle · Grades 6–8 · School Town of Highland
742 students
Southridge Elementary School
Elementary · Grades K–5 · School Town of Highland
407 students
Judith Morton Johnston Elementary
Elementary · Grades PK–5 · School Town of Highland
376 students
Allen J Warren Elementary School
Elementary · Grades K–5 · School Town of Highland
283 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 yield7.1%

Net yield (after ~40% expenses)4.2%

Annual rent$18,886

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$1,349

Loan principal$213,399

Down payment$53,350

Total interest paid$272,178

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 ratio1.12

Monthly cost to own$1,769

Monthly rent$1,574

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: 31st percentile^[1]
Rental yield: 52nd percentile^[2]
Property tax: 7th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 46322?: The typical home in 46322 is worth $266,748, based on the Zillow Home Value Index.
Are home values rising in 46322?: Home values in 46322 are up 2.1% over the past year, and up 5.1% a year over five years.
What is the typical rent in 46322?: A typical home in 46322 rents for about $1,574 a month, a gross rental yield of 7.1%.
What is the property tax rate in 46322?: The effective property tax rate in 46322 is 0.9% — roughly $2,362 a year on a typical home.
Who lives in 46322?: ZIP code 46322 has a population of 23,680 and a median household income of $78,062.

#Comparable ZIPs

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

60652 vs 46322 →
Chicago, IL
Typical home
$267,004
Gross yield
9.0%
60443 vs 46322 →
Matteson, IL
Typical home
$266,076
Gross yield
12.3%
60804
Cicero, IL
Typical home
$268,068
Gross yield
5.8%
60482
Worth, IL
Typical home
$268,254
Gross yield
—
60629
Chicago, IL
Typical home
$265,071
Gross yield
6.5%
60481
Wilmington, IL
Typical home
$269,348
Gross yield
—

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#Jump to section

U.S. ZIP Code · IN46322

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