46405 — Lake County, Indiana Market Snapshot
Housing market data for zip code 46405 in Lake County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
34 sales in 2026 (year to date)
Median Sale Price
$191,250
Days to Sell
33
Homes Sold
34
Inventory
19
Sale-to-List
97.9%
New Listings
39
Price/SqFt
$147
Pending Sales
36
Conforming Loan Available
Most homebuyers in 46405 can comfortably use conventional financing. The median home price of $191,250 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
46405's market is balanced with homes taking an average of 33 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 46405 sells for 2.1% below asking price (97.9% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 46405 can comfortably use conventional financing. The median home price of $191,250 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 46405 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 46405
To purchase the median home at $191,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,615.
Monthly Payment
$1,615
Income Required
$69,227
Principal & Interest
$1,178/mo
Down Payment (5%)
$9,563
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 46405.
Estimated Monthly Payment
$1,334
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