In Munster, a typical home is worth $334,300 and typical rent is $1,507 a month. Compared with all of Lake County, typical household income is 54% higher, the typical home value is 45% higher, and the share of households that own their home is 15 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $301,260 to $353,820.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Munster 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
Nearby, in Hammond, the typical home value is $159,900: 52% less than in Munster ($334,300).
2
The typical household income in Munster is $110,187,54% more than in Lake County as a whole ($71,493).
3
The typical home in Munster is worth $334,300,45% more than in Lake County as a whole ($230,600).
4
The typical rent in Munster is $1,507 a month, 33% more than in Lake County as a whole ($1,131).
5
87% of households in Munster own their home, against 72% in Lake County.
6
Nearby, in Hammond, the typical rent is $1,134: 25% less than in Munster ($1,507).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Munster
What homes there are in Munster, 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
Munster
Lake County
Indiana
United States
Kind of home: Munster and its comparisons
Measure
Munster
Lake County
Indiana
United States
Detached house
76%
71%
73%
61%
Attached house
6%
8%
4%
6%
Building of 2 to 4
Unreliable estimate
7%
6%
8%
Apartments (5 or more)
13%
13%
13%
19%
Mobile home
Unreliable estimate
2%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Munster, 8 in 10 homes are single-family detached houses; in Lake County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or later
Munster
Lake County
Indiana
United States
Year built: Munster and its comparisons
Measure
Munster
Lake County
Indiana
United States
Before 1960
26%
39%
31%
26%
1960–1979
42%
27%
24%
24%
1980–1999
17%
16%
23%
25%
2000–2009
11%
11%
12%
14%
2010 or later
4%
7%
10%
11%
Homes in Munster are newer: the typical year built is 1973; in Lake County, 1968.
There is more room for a big family here: 74% of homes have 3 bedrooms or more, against 64% in Lake County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K13%
$200K–$300K26%
$300K–$500K42%
$500K–$750K13%
$750K–$1M3%
$1M or moreUnreliable
Value of owner-occupied homes: Munster and its comparisons
Measure
Munster
Under $100K
Unreliable estimate
$100K–$200K
13%
$200K–$300K
26%
$300K–$500K
42%
$500K–$750K
13%
$750K–$1M
3%
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,99928%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Munster and its comparisons
Measure
Munster
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
28%
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$1,827 a month
Lake County: $1,529 a month
Without a mortgage
$766 a month
Lake County: $569 a month
Owners with a mortgage
65%
Lake County: 63%
The typical cost for an owner with a mortgage in Munster is $1,827 a month, more than in Lake County ($1,529); without one, $766.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Munster+46%
Lake County+54%
Indiana+54%
United States+53%
Typical rent
MunsterNo clear change
Lake County+28%
Indiana+29%
United States+33%
Typical household income
Munster+31%
Lake County+27%
Indiana+28%
United States+29%
Change since 2015–2019: Munster and its comparisons
Measure
Munster
Lake County
Indiana
United States
Typical home value
+46%
+54%
+54%
+53%
Typical rent
No clear change
+28%
+29%
+33%
Typical household income
+31%
+27%
+28%
+29%
From 2015–2019 to 2020–2024, the typical home value in Munster rose 46%; in Lake County, it rose 54%.
Rent in Munster moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Munster and its comparisons
Measure
Munster
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
2.47
2.54
2.46
2.53
Drive alone
75%
80%
76%
69%
Carpool
6%
8%
9%
9%
Public transit
3%
1%
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
13%
8%
11%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Much as in Lake County, a household in Munster has 2.47 people on average.
Many people here do not commute at all: 13% work from home; in Lake County, 8%.
Do the math
What would you pay each month for a home in Munster?
A typical home is tight for the typical income
We start with a typical home in Munster, worth $334,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Munster, which is $110,187 a year. For that payment to be 28% of income, a household would need to earn about $120,739 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 Munster. 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 $11,701 (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
$2,817
at 7.18% · 30 years
Loan amount
$328,244
Total interest
$472,267
Paid off in
November 2056
Includes $5,645 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,571 a month
Tight
$2,571 to $3,306 a month
Your payment · 31%
Hard
more than $3,306 a month
Compared with the typical household income in Munster ($110,187 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,224
Property tax
$306
Home insurance
$139
FHA mortgage insurance (MIP)
$148
You need at least $11,701 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 $2,817; principal and interest $2,224.
The city and its county
Munster and Lake County
Munster 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).
Munster
Map of Lake County, Indiana, with Munster marked. Around it, the neighboring counties.
Munster
Lake County
Other cities with a page
Munster's own numbers
Typical home value
$334,300
Typical monthly rent
$1,507
Typical yearly household income
$110,187
Households that own their home
87%
Effective property tax rate
1.1%
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 Munster is worth $334,300: 45% above the county and 53% above Indiana. With the typical household income in Munster ($110,187 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.
Munster3.0 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
Munster 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
Munster$334,300
Lake$230,600
Indiana$218,200
United States$332,700
Typical monthly rent
Munster$1,507
Lake$1,131
Indiana$1,062
United States$1,413
Typical yearly household income
Munster$110,187
Lake$71,493
Indiana$71,957
United States$80,734
See the full table
Munster next to Lake County and Indiana
Measure
Munster
Lake County
Indiana
U.S.
Typical home value
$334,300 ▲45% above the county
$230,600
$218,200
$332,700
Typical monthly rent
$1,507 ▲33% above the county
$1,131
$1,062
$1,413
Typical yearly household income
$110,187 ▲54% above the county
$71,493
$71,957
$80,734
Households that own their home
87% ▲15 points above the county
72%
71%
65%
Typical yearly property tax
$3,670 ▲74% above the county
$2,112
$1,614
$3,119
Effective property tax rate
1.1% ▲0.18 points above the county
0.92%
0.74%
0.94%
Renters with high rent for their income
49% ▼3 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 Munster
For a typical $334,300 home in Munster, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Munster's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,817a month
Least cash to close
Down payment
$11,701
Cash to close
$21,730
Rate
7.18%
Mortgage insurance
FHA MIP · $148
Conventional, 5% down$2,756a month
Down payment
$16,715
Cash to close
$26,744
Rate
7.18%
Mortgage insurance
PMI · $159
Conventional, 20% down, no PMI$2,257a month
Down payment
$66,860
Cash to close
$76,889
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,567a month
Down payment
$50,145
Cash to close
$60,174
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Munster
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,817
$11,701
$328,245
7.18%
FHA MIP · $148
$21,730
580
Conventional, 5% down
$2,756
$16,715
$317,585
7.18%
PMI · $159
$26,744
620*
Conventional, 20% down, no PMI
$2,257
$66,860
$267,440
7.18%
None
$76,889
620*
ITIN, 15% down (example)
$2,567
$50,145
$284,155
8.18%
None
$60,174
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 Munster is $1,507 a month: 33% above the county. In Munster, 49% 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.
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 Munster or Lake County. The ones below are statewide in Indiana: they work in Munster 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 Munster 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 Munster 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 Munster?
The typical home value in Munster is $334,300, 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 Munster?
Typical rent in Munster is $1,507 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 Munster?
Munster 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 Munster?
The typical homeowner in Munster pays $3,670 a year, according to the U.S. Census Bureau. That is 1.1% of the home’s value; in Lake County, the rate is 0.92%.
Where can I find free help to buy or rent in Munster?
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.
