How much is a home worth in ZIP code 46368?

The typical home in 46368 is worth $272,309, based on the Zillow Home Value Index.

Are home values rising in 46368?

Home values in 46368 are up 0.1% over the past year, and up 4.8% a year over five years.

What is the typical rent in 46368?

A typical home in 46368 rents for about $1,508 a month, a gross rental yield of 6.6%.

What is the property tax rate in 46368?

The effective property tax rate in 46368 is 0.8% — roughly $2,141 a year on a typical home.

ZIP code 46368 has a population of 40,301 and a median household income of $76,368.

HousingHandbookReference data

…

U.S. ZIP Code · IN46368

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

Typical home value

$272,309^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.1%
5-year / yr: +4.8%
10-year / yr: +6.0%

Relative price

vs U.S.: -4.1%
vs metro: -19.2%
vs state: +17.7%

Price history

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

The typical home in 46368 is worth $272,309 — 19.2% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 0.1%. Homes here rent for a typical $1,508 a month — a 6.6% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,508^[2]
Gross yield: 6.6%^[2]
Cap rate: 4.0%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,141^[3]

#Climate risk

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

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

#Who lives here

Population: 40,301^[3]
Median household income: $76,368^[3]

#Migration

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

Net migration: +34^[5]
Moved in: 4,506
Moved out: 4,472

Schools

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

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

Portage High School
High · Grades 9–12 · Portage Township Schools
2,198 students
Willowcreek Middle School
Middle · Grades 6–8 · Portage Township Schools
931 students
William Fegely Middle School
Middle · Grades 6–8 · Portage Township Schools
613 students
Rowena Kyle Elementary School
Elementary · Grades K–5 · Portage Township Schools
439 students
Wallace Aylesworth Elementary
Elementary · Grades K–5 · Portage Township Schools
433 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 yield6.6%

Net yield (after ~40% expenses)4.0%

Annual rent$18,099

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$1,377

Loan principal$217,848

Down payment$54,462

Total interest paid$277,852

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 ratio1.18

Monthly cost to own$1,783

Monthly rent$1,508

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: 25th percentile^[1]
Rental yield: 44th percentile^[2]
Property tax: 4th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 46368?: The typical home in 46368 is worth $272,309, based on the Zillow Home Value Index.
Are home values rising in 46368?: Home values in 46368 are up 0.1% over the past year, and up 4.8% a year over five years.
What is the typical rent in 46368?: A typical home in 46368 rents for about $1,508 a month, a gross rental yield of 6.6%.
What is the property tax rate in 46368?: The effective property tax rate in 46368 is 0.8% — roughly $2,141 a year on a typical home.
Who lives in 46368?: ZIP code 46368 has a population of 40,301 and a median household income of $76,368.

#Comparable ZIPs

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

60501 vs 46368 →
Summit, IL
Typical home
$272,218
Gross yield
—
60444 vs 46368 →
Mazon, IL
Typical home
$272,110
Gross yield
—
60435
Joliet, IL
Typical home
$272,850
Gross yield
6.3%
60150
Malta, IL
Typical home
$273,094
Gross yield
—
60155
Broadview, IL
Typical home
$271,523
Gross yield
—
60033
Harvard, IL
Typical home
$273,873
Gross yield
—

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#Jump to section

U.S. ZIP Code · IN46368

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