Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 398,696 ↑ 3.8% since 2020 |
| Median Household Income | $69,956 6% below national median |
| Median Home Value | $287,900 |
| Unemployment Rate | 5.1% |
| Median Age | 46.7 years |
| Housing Vacancy Rate | 12.7% |
| Total Land Sales (Past 12 Months) | 199 transactions |
| Active Listings | 199 properties |
| Avg Days on Market | 151 days |
Rural Land Sales (1+ Acres) (Jan 2026 – Feb 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $43,897 |
| Recent Sales | 57 transactions |
| Avg Days on Market | 155 days |
| Avg Parcel Size | 7.50 acres |
| Active Listings | 65 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Feb 2026 | 1.05 | $50,000 | $47,483 | Lowell |
| Feb 2026 | 2.05 | $700,000 | $341,463 | Cedar Lake |
| Feb 2026 | 21.36 | $185,000 | $8,661 | Hobart |
| Feb 2026 | 17.80 | $108,000 | $6,067 | Griffith |
| Feb 2026 | 1.62 | $2,000 | $1,234 | Cedar Lake |
| Feb 2026 | 1.76 | $200,000 | $113,636 | Griffith |
| Jan 2026 | 1.16 | $120,000 | $103,448 | Lowell |
| Jan 2026 | 21.90 | $521,000 | $23,790 | Hobart |
| Jan 2026 | 6.00 | $190,000 | $31,667 | Crown Pt |
| Jan 2026 | 1.59 | $225,000 | $141,509 | Lowell |
Suburban/Urban Land Sales (Under 1 Acre) (Jan 2026 – Mar 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $34,500 |
| Recent Sales | 142 transactions |
| Avg Days on Market | 149 days |
| Avg Parcel Size | 0.30 acres |
| Active Listings | 134 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Mar 2026New | 0.17 | $15,000 | Hammond |
| Mar 2026New | 0.31 | $160,000 | Munster |
| Feb 2026 | 0.15 | $24,000 | Hammond |
| Feb 2026 | 0.30 | $70,000 | Cedar Lake |
| Jan 2026 | 0.07 | $5,102 | East Chicago |
| Jan 2026 | 0.42 | $2,847 | Highland |
| Jan 2026 | 0.21 | $30,000 | Griffith |
| Jan 2026 | 0.89 | $2,200 | Cedar Lake |
| Jan 2026 | 0.39 | $374,900 | Dyer |
| Jan 2026 | 0.18 | $10,000 | Hammond |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 498,990 |
| Population (2020) | 498,700 |
| Population Growth | 0.06% |
| Median Household Income | $68,985 |
| Median Home Value | $214,700 |
| Total Housing Units | 216,330 |
| Vacant Housing Units | 22,856 |
| Housing Vacancy Rate | 10.6% |
| Median Age | 39.6 |
| Bachelor's Degree or Higher | 56,932 (11.4%) |
| Unemployment Rate | 5.1% |
Market Overview
Lake County, Indiana has a population of 498,990, which has grown 0.06% since 2020. The median household income is $68,985, below the national median of $74,580 by 7.5%. The housing vacancy rate of 10.6% suggests balanced market conditions. Lake County remains a key area for land acquisition in Indiana. Recent rural land sales show a median price of $43,897 per acre, with properties averaging 7.50 acres. There are currently 199 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Lake County, Indiana?
As of the 2023 American Community Survey, Lake County has a population of 498,990. The county has grown 0.06% since the 2020 Census, indicating a growing community.
What is the median household income in Lake County?
The median household income in Lake County is $68,985, which is 7.5% below the national median of $74,580.
Is Lake County growing or shrinking?
Lake County is growing. The population has increased 0.06% since 2020.
What is the housing market like in Lake County?
The median home value in Lake County is $214,700. The housing vacancy rate is 10.6%, which suggests balanced market conditions. The unemployment rate is 5.1%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $43,897 per acre. Suburban/urban lots under 1 acre have a median lot price of $34,500.
Does Reelvest buy land in Lake County, Indiana?
Yes! Reelvest Properties buys vacant land throughout Indiana, including Lake County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.