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Foreclosure Homes in Lake Station, IN

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4 View this home at Fairview Ave Lake Station IN 46405
Preforeclosure
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Fairview Ave
Lake Station, IN 46405
Single-Family
|
2 |
1
|
698
AUCTION: 04-05-2024
Single-Family
|
2 |
1
|
698
View this home at Vigo St Lake Station IN 46405
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$138,993 EMV
Vigo St
Lake Station, IN 46405
2 |
1
EST. RENT: $1,321
|
AUCTION: 04-05-2024
2 |
1
4 View this home at E 28th Ave Lake Station IN 46405
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E 28th Ave
Lake Station, IN 46405
Single-Family
|
2 |
1
|
1,200
AUCTION: 04-05-2024
Single-Family
|
2 |
1
|
1,200
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Lake Station, IN Foreclosures

How much do homes sell for in Lake Station, IN?
The average home price is currently $141,687.
In Lake Station, IN, how many homes are available?
There are currently 1,074 active home listings available in Lake Station.
What’s the average rental cost in Lake Station, IN?
The average rental price in Lake Station is $1,072.
What is the most expensive home in Lake Station, Indiana?
The most expensive home sold in Lake Station had a price of $1,689,442.
What is currently the cheapest priced home in Lake Station, IN?
The cheapest home for sale in Lake Station is priced at $34,104.

Home Value Estimator For Lake Station, IN

There are currently 1,074 real estate properties in Lake Station, IN, with a median automated valuation model (AVM) price of $139,677.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake Station, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lake Station, IN, is $141,687.00, with the most expensive house in Lake Station, IN, topping out at $1,689,442.00 and the cheapest home in Lake Station, IN, clocking in at $34,104.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Station, IN!


Rent Prices In Lake Station, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Station, IN, is on a rollercoaster ride. The average rent price in Lake Station, IN, is $1,072.00. Indeed, when looking to rent in Lake Station, IN, you can expect to pay as little as $730.00 or as much as $2,030.00, with the average rent median estimated to be $1,060.00. The good news is that finding an affordable and desirable property to rent in Lake Station, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Lake Station, IN In 2024

Lake Station is located in Lake, Indiana, with an estimated municipal population of 11,845 residents. All of the best foreclosed homes for sale in Lake Station are located in the following zip code areas on Foreclosure.com: 46405. The estimated population per square kilometer (.62 miles) in Lake Station is 550.


Cost Of Living In Lake Station, IN

So, about how much do homes cost in Lake Station? The most recent median value of resident-owned homes in Lake Station is 81,684. An estimated 70.8 percent of households in Lake Station own their homes, with an average family size of 3.36. The median household income in Lake Station is 47,857, with14.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake Station, the median commute time of resident workers (in minutes) is 26.3. And last, but certainly not least, are you looking for homes to rent in Lake Station? If so, the average rent price paid by renters in Lake Station is 953, according to recent statistics.


Diversity And Demographics In Lake Station, Indiana

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lake Station, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Lake Station is 35.9, split between 51.1 percent male versus 48.9 female. The percentage of residents who report being married in Lake Station is 42.3, with an average family size of 3.36.

The percentage of residents who report their race in Lake Station is as follows:

White 77.4%
Black / African American 5.6%
Asian 0.4%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 5.3%
Other 11%

Looking for family-friendly neighborhoods in and/or near Lake Station? Or maybe you are searching for 55+ active adult communities in and/or near Lake Station?

The percentage of residents who report their age in Lake Station is as follows:

Under 10 14.7%
Aged 10-19 14.7%
20s 12.8%
30s 13.8%
40s 9.7%
50s 15.5%
60s 12%
70s 4.5%
80+ 2.5%

Best Schools In Lake Station, Indiana

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lake Station with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lake Station.


Pros And Cons Of Living In Lake Station, Indiana

How do you know that living in -- or moving to -- Lake Station is right where you need to be? Perhaps you grew up in Lake Station or already live nearby; therefore, the decision to buy a home in Lake Station is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lake Station for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lake Station:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lake Station.


Reasons To Move To Lake Station, Indiana, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lake Station can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake Station, meanwhile, can field multiple offers from more qualified buyers.

Lake Station, IN Foreclosures


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