East Chicago, Indiana Housing Market Prices
East Chicago Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 33% below the Indiana median$96,152
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Median rent 20% below the Indiana median$853
Housing Market Overview
| Metric | East Chicago | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $96,152 | $142,738 | $248,835 |
| Price Trend (Annual %) | 46.1% | 7.2% | 7.5% |
| Median Gross Rent | $853 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in East Chicago is about 33% lower than in Indiana. Rent is about 20% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in East Chicago, up about 46.1% and 3.5% a year respectively. Home prices are changing faster.
Median rent in East Chicago rose about 28.5% between 2015 and 2024, from $664 to $853. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in East Chicago.
Buying the median-priced home in East Chicago costs roughly 9.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in East Chicago. The price-to-rent ratio in Indiana is about 11.2.
| Metric | East Chicago | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $96,152 | $142,738 | $248,835 |
| Median Household Income | $42,351 | $71,967 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in East Chicago rose about 228.5%, while median household income rose about 32.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | East Chicago | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 35.0% | 64.4% | 58.5% |
| Rental Rate | 45.5% | 26.9% | 31.2% |
| Vacancy Rate | 19.5% | 8.8% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
East Chicago has a homeownership rate of 35.0%, lower than the Indiana average of 64.4%. Its housing vacancy rate is 19.5%, compared with 8.8% in Indiana.
Housing Stock
| Metric | East Chicago | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1944 | 1975 | 1978 |
| Median Number of Rooms | 5.0 | 5.9 | 5.5 |
The typical housing unit in East Chicago was built around 1944. On average, 2.5 people live in a home with about 5.0 rooms, staying for about 13.0 years on average.
East Chicago, IN Housing Compared With Nearby Cities
How East Chicago, IN compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| East Chicago, IN | 24,991 | $96,152 #2/3 | $853 #3/3 | 43.4% #3/3 |
| Hammond, IN | 76,072 | $61,008 | $1,135 | 62.4% |
| Calumet City, IL | 34,245 | $113,588 | $1,190 | 57.1% |
Frequently Asked Questions
Common questions about the housing market in East Chicago, Indiana.
What is the median home price in East Chicago, Indiana?
The median home price in East Chicago, Indiana is $96,152, lower than the Indiana average of $142,738.
What is the average home price in East Chicago, Indiana?
The typical home price in East Chicago, Indiana, reported as the median sale price, is $96,152. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in East Chicago, Indiana?
The median gross rent in East Chicago, Indiana is $853 per month, lower than the Indiana average of $1,062.
What was the median gross rent in East Chicago in 2020?
In 2020, the median gross rent in East Chicago, Indiana was $659 per month.
What is the price-to-rent ratio in East Chicago, Indiana?
The price-to-rent ratio in East Chicago, Indiana is about 9.4, meaning it would take roughly 9.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in East Chicago.
Are home prices or rent rising faster in East Chicago, Indiana?
Both home prices and rent are rising in East Chicago, up about 46.1% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in East Chicago, Indiana?
35.0% of households in East Chicago, Indiana own their home, lower than the Indiana average of 64.4%.
What is the vacancy rate in East Chicago, Indiana?
The housing vacancy rate in East Chicago, Indiana is 19.5%, higher than the Indiana average of 8.8%.
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