Home prices
The median home in Cedar Lake is valued at $182,600. In comparison to nearby areas it is approximately $28,480 (13%) lower.In comparison to the United States as a whole it is approximately $34,900 (16%) lower, and compared to the city of Chicago it is approximately $75,400 (29%) lower.
Rents
In Cedar Lake the median rent is $927 a month. In comparison to the surrounding areas this is roughly $61 (6%) lower.In comparison to the nation as a whole it is roughly $135 (12%) lower, and compared to the city of Chicago it is about $185 (16%) lower.
Nearby places
Crown Point
Crown Point is approximately 5 miles northeast of Cedar Lake. Housing prices there are a bit more expensive. The median home in Crown Point costs $194,600, which comes out to $12,000 (6%) higher than Cedar Lake. Rents there are somewhat more expensive. In Crown Point the median rent is $1,046 a month, which works out to $119 (11%) higher than Cedar Lake.
St. John
St. John is approximately 5 miles north from Cedar Lake. Housing prices there are substantially more expensive. St. John's median home cost is $290,200, which comes out to $107,600 (37%) higher than Cedar Lake. Its rents are similar. The median rent in St. John is $908 a month, which works out to $19 (2%) lower than Cedar Lake.
Lowell
Lowell is roughly 5 miles south of Cedar Lake. The real estate prices there are somewhat less expensive. The median home price in Lowell is $167,000, which is $15,600 (9%) lower than Cedar Lake. The rent there is a little more expensive. The median rent in Lowell is $1,125 a month, which works out to $198 (17%) higher than Cedar Lake.
Schererville
Schererville is roughly 7 miles north from Cedar Lake. The real estate prices there are a little more expensive. The value of the median home in Schererville is $222,400, which works out to $39,800 (17%) higher than Cedar Lake. The rent there is similar. Schererville's median monthly rent is $973, which is $46 (4%) higher than Cedar Lake.
Beecher
Beecher is approximately 8 miles west of Cedar Lake. The real estate prices there are pretty similar. Beecher's median home value is $181,200, which is very similar to Cedar Lake. Its rents are pretty similar. The median rent in Beecher is $888 a month, which works out to $39 (4%) lower than Cedar Lake.
