U.S. ZIP Code · IN46406
Lake County · Chicago-Naperville-Elgin, IL-IN
Appreciation
- 1-year
- -3.5%
- 5-year / yr
- +6.7%
- 10-year / yr
- +10.5%
Relative price
- vs U.S.
- -71.1%
- vs metro
- -75.7%
- vs state
- -64.5%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 46406 is worth $82,041 — 75.7% below the Chicago-Naperville-Elgin, IL-IN median. Over the past year, values have fallen 3.5%. The effective property tax rate is 0.9%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#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
#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
- 1
- Middle
- 0
- High
- 1
Gary Lighthouse Charter School
Other · Grades K–12 · Gary Lighthouse Charter School
1,066 students
West Side Leadership Academy
High · Grades 9–12 · Gary Community School Corp
998 students
Thea Bowman Leadership Academy
Other · Grades K–12 · Thea Bowman Leadership Academy
849 students
Aspire Charter Academy
Elementary · Grades K–8 · Aspire Charter Academy
576 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 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.
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.
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.
Frequently asked
- How much is a home worth in ZIP code 46406?
- The typical home in 46406 is worth $82,041, based on the Zillow Home Value Index.
- Are home values rising in 46406?
- Home values in 46406 are down 3.5% over the past year, and up 6.7% a year over five years.
- What is the property tax rate in 46406?
- The effective property tax rate in 46406 is 0.9% — roughly $732 a year on a typical home.
- Who lives in 46406?
- ZIP code 46406 has a population of 9,001 and a median household income of $35,839.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Gary, IN
- Typical home
- $78,605
- Gross yield
- —
Gary, IN
- Typical home
- $70,529
- Gross yield
- —
IN
- Typical home
- $93,779
- Gross yield
- —
Gary, IN
- Typical home
- $100,354
- Gross yield
- —
Gary, IN
- Typical home
- $60,433
- Gross yield
- 24.6%
Harvey, IL
- Typical home
- $105,735
- Gross yield
- —
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
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Pit ZIP 46406 against any other ZIP — full side-by-side table.
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