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City · 7,402 residents · Lake County, Indiana

Lakes of the Four Seasons , Indiana

In Lakes of the Four Seasons, a typical home is worth $337,300 and typical rent is $1,688 a month. Compared with all of Lake County, typical household income is 70% higher, typical rent is 49% higher, and the share of households that own their home is 25 points higher.

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  • Typical home value

    $337,300

    46% above the county

    55% above Indiana

    • Lakes of the Four Seasons
    • Lake
    • Indiana

  • Typical rent

    $1,688a month

    49% above the county

    59% above Indiana

    • Lakes of the Four Seasons
    • Lake
    • Indiana

  • Typical household income

    $121,750a year

    70% above the county

    69% above Indiana

    • Lakes of the Four Seasons
    • Lake
    • Indiana

  • Households that own their home

    97%

    25 points above the county

    27 points above Indiana

    • Lakes of the Four Seasons
    • Lake
    • Indiana

Source: U.S. Census Bureau, Average 2020–2024

Lakes of the Four Seasons is in Lake County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lake County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Lakes of the Four Seasons apart

What this place has that others do not, from public data, most unusual first.

  1. The typical household income in Lakes of the Four Seasons is $121,750, 70% more than in Lake County as a whole ($71,493).

  2. Lakes of the Four Seasons has the 3rd highest homeownership rate of the 134 cities in Indiana with more than 5,000 people (97%).

  3. Lakes of the Four Seasons has the 5th highest typical rent of the 132 cities in Indiana with more than 5,000 people ($1,688).

  4. The typical home in Lakes of the Four Seasons is worth $337,300, 46% more than in Lake County as a whole ($230,600).

  5. Nearby, in Merrillville, the typical home value is $211,400: 37% less than in Lakes of the Four Seasons ($337,300).

  6. Nearby, in Hobart, the typical rent is $1,206: 29% less than in Lakes of the Four Seasons ($1,688).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Lakes of the Four Seasons

What homes there are in Lakes of the Four Seasons, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Lakes of the Four Seasons: 93% of homes, more than in Lake County (71%).

Year built

Here half of the homes date from 1982 or later; in Lake County, from 1968 or later.

Homes in Lakes of the Four Seasons are bigger: 95% have 3 bedrooms or more; in Lake County, 64%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,718 a month

Lake County: $1,529 a month

Without a mortgage

$618 a month

Lake County: $569 a month

Owners with a mortgage

79%

Lake County: 63%

In Lakes of the Four Seasons, 79% of owners have a mortgage, and their typical cost is $1,718 a month, against $1,529 in Lake County. Without one it drops to $618.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The boundaries of Lakes of the Four Seasons changed since 2015–2019, so the Census does not compare its figures from then and now. In Lake County, the typical home value rose 54%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLakes of the Four SeasonsLake CountyIndianaUnited States
Rental vacancy Unreliable estimate5.1%5.6%5.5%
Homeowner vacancy Unreliable estimate0.6%0.8%0.9%
More than one person per room Unreliable estimate2.3%1.8%3.4%
People per household 2.722.542.462.53
Drive alone 82%80%76%69%
Carpool 6%8%9%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 10%8%11%15%
Other means Unreliable estimate1%1%2%
Typical commute 30 to 39 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.72 on average, against 2.54 in Lake County.

In Lakes of the Four Seasons, 82% of workers drive alone to work; in Lake County, 80%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Lakes of the Four Seasons?

A typical home is within reach of the typical income

We start with a typical home in Lakes of the Four Seasons, worth $337,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Lakes of the Four Seasons, which is $121,750 a year.

The calculator's FHA and conventional loan limits are those of all of Lake County.

Your numbers

Local data
$

Starts at the typical home value in Lakes of the Four Seasons. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $11,806 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,727

at 7.18% · 30 years

Loan amount
$331,190
Total interest
$476,505
Paid off in
November 2056

Includes $5,696 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,841 a month

    Your payment · 27%

  • Tight

    $2,841 to $3,653 a month

  • Hard

    more than $3,653 a month

Compared with the typical household income in Lakes of the Four Seasons ($121,750 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,727
Principal & interest$2,244
Property tax$194
Home insurance$141
FHA mortgage insurance (MIP)$149

You need at least $11,806 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Lakes of the Four Seasons and Lake County

Lakes of the Four Seasons is in Lake County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Lakes of the Four Seasons's own numbers

Typical home value
$337,300
Typical monthly rent
$1,688
Typical yearly household income
$121,750
Households that own their home
97%
Effective property tax rate
0.69%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Lake County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,429
Price change over 5 years (FHFA)
+48%
Homes in a high flood-risk zone
1.1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lake County.

Everything about Lake County

Buying

Buying a home in Lakes of the Four Seasons

A typical home in Lakes of the Four Seasons is worth $337,300: 46% above the county and 55% above Indiana. With the typical household income in Lakes of the Four Seasons ($121,750 a year), a typical home costs 2.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Lakes of the Four Seasons 2.8 years
  • Lake 3.2 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Lake County

According to FHFA’s house price index, home prices in Lake County rose 82% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Lake County.

Period County Indiana U.S.
Last year (2025) +3.2% +4.3% +2.9%
5 years (2020–2025) +48% +53% +47%
10 years (2015–2025) +82% +95% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Lakes of the Four Seasons next to Lake County, Indiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Lakes of the Four Seasons $337,300
  • Lake $230,600
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Lakes of the Four Seasons $1,688
  • Lake $1,131
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Lakes of the Four Seasons $121,750
  • Lake $71,493
  • Indiana $71,957
  • United States $80,734
See the full table
Lakes of the Four Seasons next to Lake County and Indiana
Measure Lakes of the Four Seasons Lake County Indiana U.S.
Typical home value $337,300 $230,600 $218,200 $332,700
Typical monthly rent $1,688 $1,131 $1,062 $1,413
Typical yearly household income $121,750 $71,493 $71,957 $80,734
Households that own their home 97% 72% 71% 65%
Typical yearly property tax $2,334 $2,112 $1,614 $3,119
Effective property tax rate 0.69% 0.92% 0.74% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lake County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Lakes of the Four Seasons

For a typical $337,300 home in Lakes of the Four Seasons, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lakes of the Four Seasons's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,727a month

    Least cash to close
    Down payment
    $11,806
    Cash to close
    $21,925
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $149

  • Conventional, 5% down $2,665a month

    Down payment
    $16,865
    Cash to close
    $26,984
    Rate
    7.18%
    Mortgage insurance
    PMI · $160

  • Conventional, 20% down, no PMI $2,162a month

    Down payment
    $67,460
    Cash to close
    $77,579
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,474a month

    Down payment
    $50,595
    Cash to close
    $60,714
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Lakes of the Four Seasons and for Lake County.

Property tax

Effective rate in Lakes of the Four Seasons

0.69%of the home’s value each year

$2,334 a year for the typical owner in Lakes of the Four Seasons.

  • Lakes of the Four Seasons 0.69%
  • Lake 0.92%
  • Indiana 0.74%

What Indiana publishes Homestead standard deduction: the amount drops each year (Indiana Department of Local Government Finance (DLGF), Form HC10)

Exemptions and deadlines in Indiana

Flood risk in Lake County

FEMA does not publish these numbers by city: they are for all of Lake County.

Homes in the high-risk zone
1.1%
2,019
Of those, with NFIP insurance
26%
County Indiana U.S.
Homes in the high-risk zone 1.1% 2.3% 3.5%
Of those, with NFIP insurance 26% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Lakes of the Four Seasons

Typical rent in Lakes of the Four Seasons is $1,688 a month: 49% above the county.

HUD publishes a fair market rent for all of Lake County, by unit size. To pay the 2-bedroom one ($1,429 a month) without spending more than 30% of your income, you would need to earn $27.48 an hour working full time.

HUD fair market rent for all of Lake County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,117 $21.48 $44,680
1 bedroom $1,176 $22.62 $47,040
2 bedrooms $1,429 $27.48 $57,160
3 bedrooms $1,739 $33.44 $69,560
4 bedrooms $1,898 $36.50 $75,920

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Lakes of the Four Seasons

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lakes of the Four Seasons is in ZIP code 46307.

For 2 bedrooms it is $1,650: $221 more than the fair market rent for Lake County ($1,429).

  • 46307 $1,650$2,010

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lakes of the Four Seasons when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Lakes of the Four Seasons

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 3 HUD-approved agencies with an office in Lake County; 1 says it serves in Spanish.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Lakes of the Four Seasons

No down payment, repair or rent-help program on our list is for Lakes of the Four Seasons or Lake County. The ones below are statewide in Indiana: they work in Lakes of the Four Seasons the same as in the rest of the state.

Which programs do I qualify for? All programs in Indiana

  • Next Home

    Statewide in Indiana

    Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Type not stated

    See the program Official page

  • First Step

    Statewide in Indiana

    Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Deferred

    See the program Official page

Housing counselors near Lakes of the Four Seasons

The HUD-approved agencies closest to the center of Lakes of the Four Seasons, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • HOUSING OPPORTUNITIES, INC dba CoACTION

    5240 Fountain Dr, Crown Point · 10 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (800) 826-7871

  • City of Gary Department of Community Development

    401 Broadway, Gary · 15 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (219) 881-5075

  • Northwest Indiana Reinvestment Alliance

    5233 Hohman Ave Ste 104, Hammond · 21 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (219) 750-1206

Every agency in Lake County All counseling agencies in Indiana

Help in Spanish near Lakes of the Four Seasons

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Lakes of the Four Seasons

In HUD’s record, no housing authority with an office in Lake County is named for Lakes of the Four Seasons or Lake County.

3 other authorities have an office in Lake County: see the list Source: HUD

Cities

Other cities in Lake County

These cities are also in Lake County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Lake County Housing in Indiana
See 5 more cities in Lake County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Lakes of the Four Seasons, with the typical home value.

Neighboring counties

If Lake County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Lakes of the Four Seasons.

All guides
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Lakes of the Four Seasons

Short answers with the numbers for Lakes of the Four Seasons and all of Lake County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Lakes of the Four Seasons?

The typical home value in Lakes of the Four Seasons is $337,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lake County it is $230,600.

How much does it cost to rent in Lakes of the Four Seasons?

Typical rent in Lakes of the Four Seasons is $1,688 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lake County is $1,429.

What is the FHA loan limit in Lakes of the Four Seasons?

Lakes of the Four Seasons uses the FHA limit for all of Lake County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Lakes of the Four Seasons?

The typical homeowner in Lakes of the Four Seasons pays $2,334 a year, according to the U.S. Census Bureau. That is 0.69% of the home’s value; in Lake County, the rate is 0.92%.

Where can I find free help to buy or rent in Lakes of the Four Seasons?

There are 3 HUD-approved counseling agencies with an office in Lake County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).