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Single Family ResidenceResidential
$196,421$102 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 97How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026

227 MADISON AVE

HOBART, IN 46342
3
Beds
1.5
Baths
1,932 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.2 ac
Lot SizeThe size of the land the home sits on, from county records.
1978
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
8
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$196K
$190K low$203K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,245 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$165,700 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$22,300
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$143,400
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$155,100
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$165,700

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.12 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyLAKE
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1995
Lot (acres)The size of the land the home sits on, from county records.0.20
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
PoolWhether the property has a pool, and what kind, such as in-ground.Above-Ground Pool
ViewThe type of view from the property, or another feature of the site that affects value.Extra Front

Transaction History(6)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Foreclosure Filings(2)

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
River Forest Middle SchoolC-
Middle · Grades 6–8 · 0.4 mi
H
River Forest High SchoolD-
High · Grades 9–12 · 0.4 mi
E
John I Meister Elementary SchoolB
Elementary · Grades KG–5 · 0.8 mi

District: River Forest Community School Corporation

Neighborhood · ZIP 46342These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.92
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.114
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.33

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.16%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.13%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.7%
PopulationHow many people live in this area.34,233
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.920 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$70,550
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$84,392
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.39 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.60%

Owner Tools

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

227 Madison Ave measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 74% of homes in Hobart 46342
  • Costs less per square foot than 89% of homes in Hobart 46342
  • Bigger than 67% of homes in Hobart 46342
  • Newer than 70% of homes in Hobart 46342

What homes are worth in Hobart 46342

Each bar is how many homes fall in that price range. The marker is this home.

This home
$115K$449K

This home is worth more than 26% of homes in Hobart 46342.

How it measures up in Hobart 46342

The dot is this home. The mark in the middle is the typical home in Hobart 46342.

Estimated value$196,421
CheaperTypical $240,697Pricier

Pricier than 26% of homes nearby

Price per ft²$102
CheaperTypical $160Pricier

Pricier than 11% of homes nearby

Living area1,932 ft²
SmallerTypical 1,632 ft²Bigger

Bigger than 67% of homes nearby

Lot size0.2 ac
SmallerTypical 0.21 acBigger

Bigger than 44% of homes nearby

Year built1978
OlderTypical 1962Newer

Newer than 70% of homes nearby

How 227 Madison Ave ranks against every home in each area.
MeasureThis homeHobart 46342Lake County
Estimated valuepricier than$196,42126% of homes35% of homes
Price per ft²pricier than$10211% of homes24% of homes
Living areabigger than1,932 ft²67% of homes60% of homes
Lot sizebigger than0.2 ac44% of homes52% of homes
Year builtnewer than197870% of homes66% of homes

About 227 Madison Ave

How much is 227 Madison Ave, Hobart, IN worth?

The TopHap Estimate for 227 Madison Ave, Hobart, IN is $196,421 as of Aug 30, 2026. The likely range is $189,966 to $202,876. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 227 Madison Ave, Hobart, IN last sell?

227 Madison Ave, Hobart, IN last sold on Dec 3, 2021, according to the county's recorded deed. TopHap holds 3 recorded sales for this parcel.

How big is 227 Madison Ave, Hobart, IN?

227 Madison Ave, Hobart, IN has 3 bedrooms, 1.5 bathrooms, 1,932 square feet of living space and a 0.20-acre lot.

When was 227 Madison Ave, Hobart, IN built?

227 Madison Ave, Hobart, IN was built in 1978, making it 48 years old. The building has 2 stories.

What schools serve 227 Madison Ave, Hobart, IN?

227 Madison Ave, Hobart, IN is assigned to River Forest Middle School (middle), rated C-; River Forest High School (high), rated D-; John I Meister Elementary School (elementary), rated B. All sit in River Forest Community School Corporation. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 227 Madison Ave, Hobart, IN compare to other homes in Hobart 46342?

Among the 11,560 homes in Hobart 46342, it is worth more than 26% of them ($196,421 against a typical $240,697), its price per square foot is higher than 11% of them ($102 against a typical $160), it is bigger than 67% of them (1,932 ft² against a typical 1,632 ft²), its lot is bigger than 44% of them (0.2 ac against a typical 0.21 ac) and it is newer than 70% of them (1978 against a typical 1962). Measured against all of Lake County, it is worth more than 35% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 227 Madison Ave, Hobart, IN?

The 2024 property tax bill for 227 Madison Ave, Hobart, IN was $2,245. The county assessed it at $165,700.

More homes on Madison Ave

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