Home prices
The cost of the median home in Hobart is $142,700. In comparison to other places in this area this is approximately $41,700 (41%) higher.It is approximately $74,800 (34%) lower compared to the country as a whole, and it is approximately $115,300 (44%) lower in comparison to the city of Chicago.
Rents
Hobart's median rent is $954 per month. It is about $38 (3%) lower compared to the surrounding areas.It is roughly $108 (10%) lower in comparison to the United States as a whole, and compared to the city of Chicago it is roughly $158 (14%) lower.
Nearby places
New Chicago
New Chicago is Hobart's neighbor to the north. Real estate prices there are a lot less expensive. The median home in New Chicago costs $82,900, which is $59,800 (72%) lower than Hobart. Its rents are pretty similar. The median rent in New Chicago is $920 per month, which is $34 (3%) lower than Hobart.
Merrillville
Merrillville is Hobart's neighbor to the southwest. Housing prices there are similar. The median home cost in Merrillville is $136,100, which works out to $6,600 (4%) lower than Hobart. Rents there are somewhat more expensive. Merrillville's median rent is $1,082 a month, which comes out to $128 (11%) higher than Hobart.
Lake Station
Lake Station is Hobart's neighbor to the north. The real estate prices there are a lot less expensive. The price of the median home in Lake Station is $84,400, which is $58,300 (69%) lower than Hobart. The rent there is similar. The median monthly rent in Lake Station is $953, which is very similar to Hobart.
Gary
Gary is Hobart's neighbor to the northwest. The housing prices there are a lot less expensive. The median home in Gary costs $66,100, which works out to $76,600 (115%) lower than Hobart. Rent there is somewhat less expensive. The median rent in Gary is $785 per month, which is $169 (21%) lower than Hobart.
Salt Creek Commons
Salt Creek Commons is about 5 miles east of Hobart. Housing prices there are somewhat less expensive. The median home cost in Salt Creek Commons is $135,500, which is $7,200 (5%) lower than Hobart. Its rents are somewhat more expensive. In Salt Creek Commons the median monthly rent is $1,220, which comes out to $266 (21%) higher than Hobart.
