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Single Family ResidenceResidential
$97,045$69 / 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 88How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026

3940 ALABAMA ST

HOBART, IN 46342
2
Beds
1
Baths
1,399 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.
0.14 ac
Lot SizeThe size of the land the home sits on, from county records.
1957
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$97K
$85K low$109K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,248 (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.$43,500 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$18,300
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$25,200
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$38,100
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$43,500

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyLake
Lot (acres)The size of the land the home sits on, from county records.0.14
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Raised (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 168 ft²

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

E
Veterans Elementary School at MundellB
Elementary · Grades 1–5 · 2.4 mi
M
Hobart Middle SchoolB-
Middle · Grades 6–8 · 3.3 mi
H
Hobart High SchoolB+
High · Grades 9–12 · 4.7 mi

District: Hobart School City

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%

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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

3940 Alabama St 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.

  • Among the least valuable homes in Hobart 46342
  • Costs less per square foot than 98% of homes in Hobart 46342
  • Smaller than 65% of homes in Lake County
  • Has a smaller lot than 85% 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
$105K$447K

This home is worth less than almost all 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$97,045
CheaperTypical $235,268Pricier

Cheaper than almost all homes nearby

Price per ft²$69
CheaperTypical $157Pricier

Pricier than 2% of homes nearby

Living area1,399 ft²
SmallerTypical 1,619 ft²Bigger

Bigger than 38% of homes nearby

Lot size0.14 ac
SmallerTypical 0.22 acBigger

Bigger than 15% of homes nearby

Year built1957
OlderTypical 1962Newer

Newer than 42% of homes nearby

How 3940 Alabama St ranks against every home in each area.
MeasureThis homeHobart 46342Lake County
Estimated valuepricier than$97,045almost no homes14% of homes
Price per ft²pricier than$692% of homes12% of homes
Living areabigger than1,399 ft²38% of homes35% of homes
Lot sizebigger than0.14 ac15% of homes29% of homes
Year builtnewer than195742% of homes43% of homes

About 3940 Alabama St

How much is 3940 Alabama St, Hobart, IN worth?

The TopHap Estimate for 3940 Alabama St, Hobart, IN is $97,045 as of Jul 14, 2026. The likely range is $85,257 to $108,833. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 3940 Alabama St, Hobart, IN?

3940 Alabama St, Hobart, IN has 2 bedrooms, 1 bathrooms, 1,399 square feet of living space and a 0.14-acre lot.

When was 3940 Alabama St, Hobart, IN built?

3940 Alabama St, Hobart, IN was built in 1957, making it 69 years old. The building has 1 story.

What schools serve 3940 Alabama St, Hobart, IN?

3940 Alabama St, Hobart, IN is assigned to Veterans Elementary School at Mundell (elementary), rated B; Hobart Middle School (middle), rated B-; Hobart High School (high), rated B+. All sit in Hobart School City. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 3940 Alabama St, Hobart, IN compare to other homes in Hobart 46342?

Among the 11,560 homes in Hobart 46342, it is worth more than almost none of them ($97,045 against a typical $235,268), its price per square foot is higher than 2% of them ($69 against a typical $157), it is bigger than 38% of them (1,399 ft² against a typical 1,619 ft²), its lot is bigger than 15% of them (0.14 ac against a typical 0.22 ac) and it is newer than 42% of them (1957 against a typical 1962). Measured against all of Lake County, it is worth more than 14% 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 3940 Alabama St, Hobart, IN?

The 2024 property tax bill for 3940 Alabama St, Hobart, IN was $1,248. The county assessed it at $43,500.

More homes on Alabama St

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Assigned schools

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