The housing market in 46312 East Chicago, IN is an especially attractive option for potential homeowners. The median value of homes in the area is $116,200 which is significantly lower than the US median house value of $338,100. Furthermore, the 1 year appreciation rate for houses in East Chicago is 9.67%, higher than the national average of 8.27%. These figures demonstrate that East Chicago is a great place to invest in housing and that buyers can expect good returns on their investments.
The median home cost in East Chicago (zip 46312) is $116,200. Home appreciation the last 10 years has been 76.1%. Home Appreciation in East Chicago (zip 46312) is up 14.2%.
Average Age of Homes
- The median age of East Chicago (zip 46312) real estate is 75 years old
The Rental Market in East Chicago (zip 46312)
- Renters make up 42.3% of the East Chicago (zip 46312) population
- 3.6% of houses and apartments in East Chicago (zip 46312), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.