
New Chicago, IN Housing Market
$167,367
1.8% 1-yrThe average New Chicago, IN home value is $167,367, up 1.8% over the past year. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
New Chicago Key Takeaways
Typical Home Values: $167,367
1-Year Value Change: +1.8%
(Data through August 31, 2026)
New Chicago Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in New Chicago
- NameMedian ZHVI
- Cressmoor Prairie$242,603
- Mundell$205,840
- Prairie Ridge$175,307
- Nob Hill$263,052
- Liberty$235,937
- Downtown$191,495
- Pulaski$72,310
- Lake George$281,409
- Hobart Marsh$270,154
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
New Chicago Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in New Chicago, IN?
The median home value in New Chicago, IN is $167,367 as of August 2026. This represents a 0.3% decrease compared to last month and a 1.8% increase year-over-year.
How have home values changed in New Chicago, IN?
Home values in New Chicago, IN have decreased by 0.3% month-over-month and 1.8% year-over-year.
How do home values in New Chicago, IN compare to Lake County, Indiana, and the national average?
The median home value in New Chicago, IN ($167,367) compares to: Lake County ($253,329), Indiana ($260,095), and the U.S. national median ($368,697).

