Market Overview
Home Prices in Cedar Lake, IN
The median home value in Cedar Lake, IN is $337,756 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cedar Lake are priced18% below average. Cedar Lake is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Cedar Lake home values have risen by approximately22.9%, reflecting strong long-term appreciation in this market.
Price History
Cedar Lake Home Price Trend
City Comparison
Cedar Lake vs. National Median
At $337,756, homes in Cedar Lake cost 18% below the national median of $410,000. This makes Cedar Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cedar Lake?
20% Down Payment
$67,551
on $337,756
Monthly P&I
$1,762/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,238/mo
incl. taxes & insurance
Income Needed
$89,520
gross annual (30% rule)
10% Down Option
$33,776
+ PMI applies
Loan Amount (20% dn)
$270,205
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cedar Lake, IN?
The median home value in Cedar Lake is $337,756 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Cedar Lake?
Over the past year, home values in Cedar Lake have increased by 2%. Over five years, prices have risen approximately 22.9%.
How much do I need to earn to buy a home in Cedar Lake?
To comfortably afford the median home price of $337,756 with a 20% down payment ($67,551) at today's rates (6.8%), you'd need a gross annual income of approximately $89,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Cedar Lake compare to the national average home price?
The national median home value is approximately $410,000. At $337,756, homes in Cedar Lake are 18% below the national average.
What metro area is Cedar Lake part of?
Cedar Lake is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.