HousingHandbookReference data

U.S. ZIP Code · IN46394

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

Typical home value

$204,729[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.1%
5-year / yr
+5.2%
10-year / yr
+7.6%

Relative price

vs U.S.
-27.9%
vs metro
-39.2%
vs state
-11.5%
ZIP 46394 location in IN
Location of ZIP 46394 in IN

Price history

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

The typical home in 46394 is worth $204,729 — 39.2% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have risen 0.1%. Homes here rent for a typical $1,350 a month — a 7.9% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent
$1,350[2]
Gross yield
7.9%[2]
Cap rate
4.7%[2]

#Property tax

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

Effective tax rate
1.0%[3]
Typical annual tax
$2,145[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
11,894[3]
Median household income
$66,176[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
2
Middle
1
High
1
  • Whiting High School

    High · Grades 9–12 · School City of Whiting

    422 students

  • Nathan Hale Elementary School

    Elementary · Grades PK–5 · School City of Whiting

    405 students

  • Benjamin Franklin Elementary Sch

    Elementary · Grades PK–6 · School City of Hammond

    258 students

  • Whiting Middle School

    Middle · Grades 6–8 · School City of Whiting

    256 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 yield7.9%
Net yield (after ~40% expenses)4.7%
Annual rent$16,200

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$1,035
Loan principal$163,783
Down payment$40,946
Total interest paid$208,896

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 ratio1.03
Monthly cost to own$1,385
Monthly rent$1,350

Owning and renting are roughly even.

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
33rd percentile[1]
Rental yield
69th percentile[2]
Property tax
12th percentile[3]

Frequently asked

How much is a home worth in ZIP code 46394?
The typical home in 46394 is worth $204,729, based on the Zillow Home Value Index.
Are home values rising in 46394?
Home values in 46394 are up 0.1% over the past year, and up 5.2% a year over five years.
What is the typical rent in 46394?
A typical home in 46394 rents for about $1,350 a month, a gross rental yield of 7.9%.
What is the property tax rate in 46394?
The effective property tax rate in 46394 is 1.0% — roughly $2,145 a year on a typical home.
Who lives in 46394?
ZIP code 46394 has a population of 11,894 and a median household income of $66,176.

#Comparable ZIPs

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

  • Country Club Hills, IL

    Typical home
    $204,288
    Gross yield
  • Joliet, IL

    Typical home
    $203,868
    Gross yield
  • Glenwood, IL

    Typical home
    $207,254
    Gross yield
    15.8%
  • Hometown, IL

    Typical home
    $209,271
    Gross yield
  • Blue Island, IL

    Typical home
    $199,011
    Gross yield
    7.5%
  • Lansing, IL

    Typical home
    $197,856
    Gross yield
    9.4%

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