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Lake Station Indiana Real Estate By Jennifer Hershey

Lake Station Indiana Real Estate

Lake Station, Indiana, is located in Lake County, 3 miles E of Gary, Indiana and 29 miles SE of Chicago, Illinois. Lake Station has a population of 13,948.

Lake Station Homes

Lake Station properties pool is 5,049 residential properties including Lake Station new homes. Median age of real estate in Lake Station is 1956. Average Household size is 3.24 people. 4% are one bedroom homes, 33% are 2 bedroom homes, 48% are 3 bedroom homes, 13% are 4 bedroom homes, and 2% are 5+ bedroom homes.

Lake Station Mortgage Statistics

Lake Station mortgages vs. USA median statistics

Homes Lake Station USA
Homes With No Mortgage 29%
30%
Homes With Mortgage 71%
70%
First Mortgage Only 54%
54%
First & Second Mortgage or HELOC 17%
16%

Lake Station Area Real Estate Tax

Lake Station Real estate Tax: Median Real Estate Taxes (2000) were $617 comparing to 1999 Median Family income $ 41,454. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Lake Station School District: Children make up 27.1% of Lake Station population. Lake Station has 3,776 under 18 years old residents, or 0.65 kids per one worker, or 0.75 kids per one household.

Lake Station Real Estate & Lake Station Homeownership

There are 1161.27 or 23% one person households, 1514.7 or 30% two person households, and 908.82 or 18% three person households in Lake Station, Indiana. Median residents age is 32.9, Senior citizens (65+) make up 1,485 or 10.6%% of Lake Station population.

There are 5,816 workers (over 16 years of age) in Lake Station. Of these, 95.7% drive to work. Approximately 1.07% of workers in Lake Station take public transportation. An estimated 1.07% walk to work.

Median Lake Station homeowner's housing expences are 17.9%

Crime in Lake Station (2003), crimes per 10,000 residents per year

Type of Crime Lake Station USA, 2003
Violent Crimes
NaN
47.5
Robberies
NaN
14.2
Aggravated Assaults
NaN
29.5
Property Crimes
NaN
358.8
Burglaries
NaN
74.0
Larceny-Thefts
NaN
241.5
Motor Vehicle Thefts
NaN
43.3

Invest in Lake Station Properties

When making a decision about buying real estate in Lake Station Indiana area, you should consider following statistical data:

Category Lake Station USA
Near Medium City
Gary, Indiana
-
Near Large City
Chicago, Illinois
-
Lake Station Zip Codes
46405
-
Lake Station Area Codes
219
-
White population
86.23%
75.1%
African-American population
0.77%
12.3%
Asian
0.3%
3.6%
American Indian & Alaskan
0.5%
0.9%
Hispanic (of any race)
20.61%
12.5%
Median Family Income (1999)
$ 41,454%
$42,000
Population Below Poverty Level
14.4%
12.4%

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