Home Insurance in Lake Station, Indiana
Homes in Lake Station carry a median value of $137,400 - 40% lower than the Lake County median.
The typical home in Lake Station was built around 1965. About 43% of homes were built before 1960, about 3 points above Lake County's 39%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Lake Station, the housing stock is 83% single-family homes, 4% apartments in buildings with 5+ units and 10% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Lake Station, about 65% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Lake Station has an owner-occupancy rate of 72% and a vacancy rate of 5%; unoccupied homes typically need a different coverage form.
In Lake Station, 91% of homes are primarily heated with natural gas.
Lake County had 1,005 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Very High). See the full Lake County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Indiana carries a statewide average premium of $1,259 per year.
Key figures
| Median home value | $137,400 |
|---|---|
| Median year built | 1965 |
| Owner-occupied share | 72% |
| Share of owner-occupied homes with a mortgage | 65% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Lake County | 1,005 |
| Home insurance premium | $1,259 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)