Zip Code:

46342, Hobart, IN

46342 is a Indiana Zip code within the city of Hobart and the county of Lake County. Its population is roughly 30,874.

The Real Estate Market in the 46342 Zip Code of Hobart, Indiana.

The 46342 zip code of Hobart, IN has a median home value of $119,000 and a median home equity value of $87,000. The average mortgage debt for homes in this zip code is $161,000. This means that the typical homeowner in this zip code owes an average of $86,000 on their mortgage.

In terms of home prices, the 46342 zip code has seen a slight uptick over the past year or so. In January 2017, the median home price was $115,500. By January 2018, this number had increased to $119,000. This is likely due to an influx of new residents into the area as well as an increase in demand for housing stock overall.

While there may be some upward pressure on home prices in this area over time, it's important to keep in mind that they are still relatively affordable when compared to other areas across the country. Additionally, homeownership rates in Hobart are still high when compared to other parts of Indiana – meaning that there is plenty of room for further appreciation over time if desired by buyers and sellers alike.

Price Index: Gary, IN (MSAD)

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Buy & Sell Shares of Homes in 46342, Hobart, IN

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