How much is a home worth in ZIP code 46383?

The typical home in 46383 is worth $346,438, based on the Zillow Home Value Index.

Are home values rising in 46383?

Home values in 46383 are up 1.8% over the past year, and up 4.9% a year over five years.

What is the typical rent in 46383?

A typical home in 46383 rents for about $1,416 a month, a gross rental yield of 4.9%.

What is the property tax rate in 46383?

The effective property tax rate in 46383 is 0.8% — roughly $2,869 a year on a typical home.

ZIP code 46383 has a population of 42,183 and a median household income of $76,224.

HousingHandbookReference data

…

U.S. ZIP Code · IN46383

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

Typical home value

$346,438^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.8%
5-year / yr: +4.9%
10-year / yr: +5.7%

Relative price

vs U.S.: +22.0%
vs metro: +2.8%
vs state: +49.7%

Price history

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

The typical home in 46383 is worth $346,438 — 2.8% above the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 1.8%. Homes here rent for a typical $1,416 a month — a 4.9% 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: $1,416^[2]
Gross yield: 4.9%^[2]
Cap rate: 2.9%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,869^[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: 42,183^[3]
Median household income: $76,224^[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: 15
Elementary: 12
Middle: 1
High: 2

Thomas Jefferson Middle School
Middle · Grades 6–8 · Valparaiso Community Schools
641 students
Cooks Corners Elementary School
Elementary · Grades K–5 · Valparaiso Community Schools
494 students
Heavilin Elementary School
Elementary · Grades K–5 · Valparaiso Community Schools
480 students
Flint Lake Elementary School
Elementary · Grades K–5 · Valparaiso Community Schools
471 students
Memorial Elementary School
Elementary · Grades K–5 · Valparaiso Community Schools
470 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 yield4.9%

Net yield (after ~40% expenses)2.9%

Annual rent$16,988

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$1,752

Loan principal$277,150

Down payment$69,288

Total interest paid$353,490

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 ratio1.61

Monthly cost to own$2,280

Monthly rent$1,416

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: 26th percentile^[1]
Rental yield: 11th percentile^[2]
Property tax: 5th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 46383?: The typical home in 46383 is worth $346,438, based on the Zillow Home Value Index.
Are home values rising in 46383?: Home values in 46383 are up 1.8% over the past year, and up 4.9% a year over five years.
What is the typical rent in 46383?: A typical home in 46383 rents for about $1,416 a month, a gross rental yield of 4.9%.
What is the property tax rate in 46383?: The effective property tax rate in 46383 is 0.8% — roughly $2,869 a year on a typical home.
Who lives in 46383?: ZIP code 46383 has a population of 42,183 and a median household income of $76,224.

#Comparable ZIPs

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

60605 vs 46383 →
Chicago, IL
Typical home
$346,231
Gross yield
9.2%
60169 vs 46383 →
Hoffman Estates, IL
Typical home
$347,064
Gross yield
6.9%
60106
Bensenville, IL
Typical home
$347,505
Gross yield
6.3%
60661
Chicago, IL
Typical home
$348,838
Gross yield
8.6%
60640
Chicago, IL
Typical home
$349,589
Gross yield
6.9%
60707
Elmwood Park, IL
Typical home
$342,677
Gross yield
5.9%

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#Jump to section

U.S. ZIP Code · IN46383

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