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Single Family ResidenceResidential
$239,597$213 / 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 93How 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

505 LOCUST ST

VALPARAISO, IN 46383
2
Beds
1
Baths
1,126 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.
1900
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$240K
$224K low$255K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,804 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$194,100 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$43,600
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$150,500
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$194,100
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$194,100

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyPorter
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.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
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
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 · 120 ft²

Transaction History(1)

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

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

E
Central Elementary SchoolA-
Elementary · Grades KG–5 · 0.3 mi
M
Benjamin Franklin Middle SchoolA-
Middle · Grades 6–8 · 0.6 mi
H
Valparaiso High SchoolA+
High · Grades 9–12 · 1.5 mi

District: Valparaiso Community Schools

Neighborhood · ZIP 46383These 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.113
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.116
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.34

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.24%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.8.3%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.40,535
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.462 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$75,965
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$94,528
Average tempThe average temperature here across a full year.49°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

505 Locust 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.

  • Worth less than 84% of homes in Valparaiso 46383
  • Costs more per square foot than 71% of homes in Porter County
  • Smaller than 88% of homes in Valparaiso 46383
  • Has a smaller lot than 80% of homes in Porter County
  • Older than 97% of homes in Porter County

What homes are worth in Valparaiso 46383

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

This home
$165K$794K

This home is worth more than 16% of homes in Valparaiso 46383.

How it measures up in Valparaiso 46383

The dot is this home. The mark in the middle is the typical home in Valparaiso 46383.

Estimated value$239,597
CheaperTypical $345,679Pricier

Pricier than 16% of homes nearby

Price per ft²$213
CheaperTypical $195Pricier

Pricier than 65% of homes nearby

Living area1,126 ft²
SmallerTypical 1,900 ft²Bigger

Bigger than 12% of homes nearby

Lot size0.2 ac
SmallerTypical 0.31 acBigger

Bigger than 28% of homes nearby

Year built1900
OlderTypical 1979Newer

Newer than 5% of homes nearby

How 505 Locust St ranks against every home in each area.
MeasureThis homeValparaiso 46383Porter County
Estimated valuepricier than$239,59716% of homes22% of homes
Price per ft²pricier than$21365% of homes71% of homes
Living areabigger than1,126 ft²12% of homes13% of homes
Lot sizebigger than0.2 ac28% of homes20% of homes
Year builtnewer than19005% of homes3% of homes

About 505 Locust St

How much is 505 Locust St, Valparaiso, IN worth?

The TopHap Estimate for 505 Locust St, Valparaiso, IN is $239,597 as of Aug 30, 2026. The likely range is $223,851 to $255,343. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 505 Locust St, Valparaiso, IN last sell?

505 Locust St, Valparaiso, IN last sold on Jun 6, 2019, according to the county's recorded deed.

How big is 505 Locust St, Valparaiso, IN?

505 Locust St, Valparaiso, IN has 2 bedrooms, 1 bathrooms, 1,126 square feet of living space and a 0.20-acre lot.

When was 505 Locust St, Valparaiso, IN built?

505 Locust St, Valparaiso, IN was built in 1900, making it 126 years old. The building has 1 story.

What schools serve 505 Locust St, Valparaiso, IN?

505 Locust St, Valparaiso, IN is assigned to Central Elementary School (elementary), rated A-; Benjamin Franklin Middle School (middle), rated A-; Valparaiso High School (high), rated A+. All sit in Valparaiso Community Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 505 Locust St, Valparaiso, IN compare to other homes in Valparaiso 46383?

Among the 13,097 homes in Valparaiso 46383, it is worth more than 16% of them ($239,597 against a typical $345,679), its price per square foot is higher than 65% of them ($213 against a typical $195), it is bigger than 12% of them (1,126 ft² against a typical 1,900 ft²), its lot is bigger than 28% of them (0.2 ac against a typical 0.31 ac) and it is newer than 5% of them (1900 against a typical 1979). Measured against all of Porter County, it is worth more than 22% 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 505 Locust St, Valparaiso, IN?

The 2025 property tax bill for 505 Locust St, Valparaiso, IN was $1,804. The county assessed it at $194,100.

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