In Lowell, a typical home is worth $248,000 and typical rent is $1,123 a month. Compared with all of Lake County, typical household income is 18% higher, the typical home value is 8% higher, and the share of households that own their home is 13 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $273,010 to $333,349.
Typical rent
$1,304a month
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Lowell 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
What this place has that others do not, from public data, most unusual first.
1
84% of households in Lowell own their home, against 72% in Lake County.
2
The typical household income in Lowell is $84,024,18% more than in Lake County as a whole ($71,493).
3
Lowell has the 12th smallest share of rent-burdened renters of the 120 cities in Indiana with more than 5,000 people (37%).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Lowell
What homes there are in Lowell, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Lowell
Lake County
Indiana
United States
Kind of home: Lowell and its comparisons
Measure
Lowell
Lake County
Indiana
United States
Detached house
79%
71%
73%
61%
Attached house
10%
8%
4%
6%
Building of 2 to 4
Unreliable estimate
7%
6%
8%
Apartments (5 or more)
Unreliable estimate
13%
13%
19%
Mobile home
Unreliable estimate
2%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Lowell, 8 in 10 homes are single-family detached houses; in Lake County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or later
Lowell
Lake County
Indiana
United States
Year built: Lowell and its comparisons
Measure
Lowell
Lake County
Indiana
United States
Before 1960
17%
39%
31%
26%
1960–1979
27%
27%
24%
24%
1980–1999
23%
16%
23%
25%
2000–2009
22%
11%
12%
14%
2010 or later
11%
7%
10%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K16%
$200K–$300K47%
$300K–$500K31%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Lowell and its comparisons
Measure
Lowell
Under $100K
Unreliable estimate
$100K–$200K
16%
$200K–$300K
47%
$300K–$500K
31%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49958%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Lowell and its comparisons
Measure
Lowell
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
58%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,578 a month
Lake County: $1,529 a month
Without a mortgage
$528 a month
Lake County: $569 a month
Owners with a mortgage
71%
Lake County: 63%
In Lowell, 71% of owners have a mortgage; their typical cost is $1,578 a month, about the same as in Lake County.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Lowell+49%
Lake County+54%
Indiana+54%
United States+53%
Typical rent
LowellNo clear change
Lake County+28%
Indiana+29%
United States+33%
Typical household income
Lowell+25%
Lake County+27%
Indiana+28%
United States+29%
Change since 2015–2019: Lowell and its comparisons
Measure
Lowell
Lake County
Indiana
United States
Typical home value
+49%
+54%
+54%
+53%
Typical rent
No clear change
+28%
+29%
+33%
Typical household income
+25%
+27%
+28%
+29%
From 2015–2019 to 2020–2024, the typical home value in Lowell rose 49%; in Lake County, it rose 54%.
Since 2015–2019, the typical rent in Lowell did not change clearly, according to the Census.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Lowell and its comparisons
Measure
Lowell
Lake County
Indiana
United States
Rental vacancy
Unreliable estimate
5.1%
5.6%
5.5%
Homeowner vacancy
Unreliable estimate
0.6%
0.8%
0.9%
More than one person per room
Unreliable estimate
2.3%
1.8%
3.4%
People per household
2.60
2.54
2.46
2.53
Drive alone
78%
80%
76%
69%
Carpool
10%
8%
9%
9%
Public transit
Unreliable estimate
1%
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
Unreliable estimate
8%
11%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
By size, households in Lowell look like those in Lake County: 2.60 people on average.
To get to work, 78% of workers in Lowell drive alone; in Lake County, 80%.
Do the math
What would you pay each month for a home in Lowell?
A typical home is tight for the typical income
We start with a typical home in Lowell, worth $248,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in Lowell, which is $84,024 a year. For that payment to be 28% of income, a household would need to earn about $87,710 a year.
The calculator's FHA and conventional loan limits are those of all of Lake County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Lowell. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $8,680 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,047
at 7.18% · 30 years
Loan amount
$243,508
Total interest
$350,351
Paid off in
November 2056
Includes $4,188 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,961 a month
Tight
$1,961 to $2,521 a month
Your payment · 29%
Hard
more than $2,521 a month
Compared with the typical household income in Lowell ($84,024 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,650
Property tax
$184
Home insurance
$103
FHA mortgage insurance (MIP)
$110
You need at least $8,680 for the down payment, plus closing costs.
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.
Total monthly payment $2,047; principal and interest $1,650.
The city and its county
Lowell and Lake County
Lowell 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).
Lowell
Map of Lake County, Indiana, with Lowell marked. Around it, the neighboring counties.
Lowell
Lake County
Other cities with a page
Lowell's own numbers
Typical home value
$248,000
Typical monthly rent
$1,123
Typical yearly household income
$84,024
Households that own their home
84%
Effective property tax rate
0.89%
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.
A typical home in Lowell is worth $248,000: 8% above the county and 14% above Indiana. With the typical household income in Lowell ($84,024 a year), a typical home costs 3.0 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.
Lowell3.0 years
Lake3.2 years
Indiana3.0 years
United States4.1 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.
Yearly change in FHFA’s price index in Lake County, 2016 to 2025
2016: +2.6% +2.6% 2016
2017: +4.0% +4.0% 2017
2018: +5.9% +5.9% 2018
2019: +5.5% +5.5% 2019
2020: +3.7% +3.7% 2020
2021: +12.0% +12.0% 2021
2022: +14.3% +14.3% 2022
2023: +6.9% +6.9% 2023
2024: +4.7% +4.7% 2024
2025: +3.2% +3.2% 2025
Change in FHFA’s price index in Lake County, Indiana and the United States
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
Lowell 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
Lowell$248,000
Lake$230,600
Indiana$218,200
United States$332,700
Typical monthly rent
Lowell$1,123
Lake$1,131
Indiana$1,062
United States$1,413
Typical yearly household income
Lowell$84,024
Lake$71,493
Indiana$71,957
United States$80,734
See the full table
Lowell next to Lake County and Indiana
Measure
Lowell
Lake County
Indiana
U.S.
Typical home value
$248,000 ▲8% above the county
$230,600
$218,200
$332,700
Typical monthly rent
$1,123
$1,131
$1,062
$1,413
Typical yearly household income
$84,024 ▲18% above the county
$71,493
$71,957
$80,734
Households that own their home
84% ▲13 points above the county
72%
71%
65%
Typical yearly property tax
$2,197 ▲4% above the county
$2,112
$1,614
$3,119
Effective property tax rate
0.89% ▼0.03 points below the county
0.92%
0.74%
0.94%
Renters with high rent for their income
37% ▼15 points below the county
52%
48%
51%
“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 Lowell
For a typical $248,000 home in Lowell, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lowell's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,047a month
Least cash to close
Down payment
$8,680
Cash to close
$16,120
Rate
7.18%
Mortgage insurance
FHA MIP · $110
Conventional, 5% down$2,001a month
Down payment
$12,400
Cash to close
$19,840
Rate
7.18%
Mortgage insurance
PMI · $118
Conventional, 20% down, no PMI$1,631a month
Down payment
$49,600
Cash to close
$57,040
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,861a month
Down payment
$37,200
Cash to close
$44,640
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Lowell
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,047
$8,680
$243,508
7.18%
FHA MIP · $110
$16,120
580
Conventional, 5% down
$2,001
$12,400
$235,600
7.18%
PMI · $118
$19,840
620*
Conventional, 20% down, no PMI
$1,631
$49,600
$198,400
7.18%
None
$57,040
620*
ITIN, 15% down (example)
$1,861
$37,200
$210,800
8.18%
None
$44,640
Set by the lender
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.
Typical rent in Lowell is $1,123 a month: about the same as the county. In Lowell, 37% of renter households pay 30% or more of their income in rent.
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.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Lake County (Fiscal year 2027)
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 Lowell
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lowell is in ZIP code 46356.
For 2 bedrooms it is $1,540: $111 more than the fair market rent for Lake County ($1,429).
Fair market rent by ZIP code and size in Lowell, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
46356
$1,200
$1,270
$1,540
$1,870
$2,050
ZIP code2 bd3 bd
46356 $1,540$1,870
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lowell 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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.
No down payment, repair or rent-help program on our list is for Lowell or Lake County. The ones below are statewide in Indiana: they work in Lowell the same as in the rest of the state.
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).
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).
No legal help resource on our list is for Lowell or Lake County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Lowell 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 Lowell?
The typical home value in Lowell is $248,000, 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 Lowell?
Typical rent in Lowell is $1,123 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 Lowell?
Lowell 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 Lowell?
The typical homeowner in Lowell pays $2,197 a year, according to the U.S. Census Bureau. That is 0.89% of the home’s value; in Lake County, the rate is 0.92%.
Where can I find free help to buy or rent in Lowell?
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.
