Why Live in Lake Station
Lake Station, IN, is a laidback city known for its winding waterways and parks. Located 4 miles from Lake Michigan and about 40 miles from Chicago, it offers affordable housing in a close-knit community. Homes in Lake Station are typically smaller, with many properties built in the early to mid-20th century, featuring bungalow and ranch styles. Riverview Park is a central hub for outdoor recreation, offering an outdoor swimming pool, archery range, volleyball and basketball courts, and a large green space by the river. Residents can also enjoy fishing and boating at Grand Boulevard Lake, which has a one-mile lakeside nature loop for walking or biking. For dining, Central Avenue hosts local favorites like Taqueria Mazamitla and Tap House 1233 Grill, with fresh ice cream available at Bajo Cero Michoacana. The He Ain't Here Lounge is a popular spot for drinks. Community events are held throughout the year at Riverview Park, including seasonal festivities like an Easter egg hunt, Halloween event, and pride festival. The Lake Station Community Schools district serves local children, with students advancing to Thomas A. Edison Junior/ Senior High School, which offers extracurriculars like creative writing club and Civil Air Patrol. While residents can walk to local shops, most rely on cars for errands and commuting, with U.S. Route 6 and Interstate 94 providing access to Downtown Chicago, located about 38 miles northwest.
Home Trends in Lake Station, IN
On average, homes in Lake Station, IN sell after 40 days on the market compared to the national average of 51 days. The median sale price for homes in Lake Station, IN over the last 12 months is $152,000, down 5% from the median home sale price over the previous 12 months.
Median Sale Price
$152,000
Median Single Family Sale Price
$153,500
Median Townhouse Sale Price
$221,500
Average Price Per Sq Ft
$137
Number of Homes for Sale
19
Last 12 months Home Sales
159
Median List Price
$164,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-5%