46406 — Lake County, Indiana Market Snapshot
Housing market data for zip code 46406 in Lake County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
22 sales in 2026 (year to date)
Median Sale Price
$75,000
Days to Sell
6
Homes Sold
22
Inventory
21
Sale-to-List
97.2%
New Listings
39
Price/SqFt
$50
Pending Sales
38
Conforming Loan Available
Most homebuyers in 46406 can comfortably use conventional financing. The median home price of $75,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
46406 is an extremely competitive market with homes selling in just 6 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
The average home in 46406 sells for 2.8% below asking price (97.2% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 46406 can comfortably use conventional financing. The median home price of $75,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 46406 are set at the county level.
2026 Loan Limits — Lake County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 46406
To purchase the median home at $75,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $725.
Monthly Payment
$725
Income Required
$31,056
Principal & Interest
$462/mo
Down Payment (5%)
$3,750
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 46406.
Estimated Monthly Payment
$614
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