Why Live in Lottaville
Lottaville, a serene neighborhood in Merrillville, Indiana, offers a suburban lifestyle just 37 miles south of Chicago. The area features picturesque homes on well-landscaped lawns, with styles ranging from American foursquare and Colonial Revival to ranch-style homes. Most homes were built in the 1970s, but recent developments and renovations have added modern touches. Residents enjoy spacious lots with driveways and attached garages. Local highlights include Independence Park, featuring a 5-acre lake and playground, and Innsbrook Country Club, which offers an 18-hole golf course, restaurant, and outdoor waterpark. The Chesapeake and Ohio Greenway provides a 3-mile paved trail for outdoor enthusiasts. Dining options include Langford’s Grill, Toast & Jam, and Super Chinese, while shopping needs are met at Southlake Mall and Family Dollar. For more substantial grocery lists, residents can visit Ruler Foods just outside the neighborhood. Lottaville is car-dependent, with easy access to Interstate 65 and State Route 53, and public transportation available through the Gary Public Transportation Corp. Annual community events like the Independence Day Parade and Christmas tree lighting foster a strong sense of community. Additionally, the neighborhood is safer than the national average, providing peace of mind for residents.
Frequently Asked Questions
Is Lottaville a good place to live?
Lottaville is a good place to live. Lottaville is considered very car-dependent and somewhat bikeable. Lottaville is a suburban neighborhood. Lottaville has 6 parks for recreational activities. It is sparse in population with 2.2 people per acre and a median age of 43. The average household income is $81,172 which is below the national average. College graduates make up 27.9% of residents. A majority of residents in Lottaville are home owners, with 31.8% of residents renting and 68.2% of residents owning their home. A
local real estate agent serving Lottaville can help you decide if this neighborhood is the right one for you. Learn more on our
Lottaville neighborhood guide.
How much do you need to make to afford a house in Lottaville?
The median home price in Lottaville is $321,250. If you put a 20% down payment of $64,200 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,630 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $70K a year to afford the median home price in Lottaville. The average household income in Lottaville is $81K.
What are the best public schools in Lottaville?
The best public schools that serve Lottaville are:
What are the best private schools in Lottaville?
The best private schools that serve Lottaville are:
What are the most popular zip codes in Lottaville, Merrillville, IN?
What are the most popular neighborhoods near Lottaville, Merrillville, IN?
Home Trends in Lottaville, IN
On average, homes in Lottaville, Merrillville sell after 51 days on the market compared to the national average of 52 days. The median sale price for homes in Lottaville, Merrillville over the last 12 months is $325,000, up 12% from the median home sale price over the previous 12 months.
Median Sale Price
$325,000
Median Single Family Sale Price
$309,500
Average Price Per Sq Ft
$133
Number of Homes for Sale
1
Last 12 months Home Sales
13
Median List Price
$321,250
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
12%