Lake Station, IN Real Estate

According to census data in the year 2000 there were 5,338 housing units in Lake Station. This represents a 5.4% growth from 5,066 in 1990.

Of those housing units, 5,338 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Lake Station is about 79%. Lake Station's vacancy rate, including seasonal lodging, is about 5.4%. Average household size is 2.75 people.

The majority of houses, apartments or condos in Lake Station were built after 1956.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom6%
Two Bedrooms37.30%
Three Bedrooms43.80%
Four Bedrooms11%
Five Bedrooms or more1.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.73
Median year structure was built1957
Median Value of occupied units$73,600
Median Price asked for vacant units$55,000

Rented Homes, Apartments and Condos

Average Household Size2.83
Median year structure was built1956
Median Monthly Rent asked for vacant units$339

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage10%
Home Equity Loan7%
Simple Mortgage53.80%
Debt Free29.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.9%