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Single Family ResidenceResidential
$215,986$170 / 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

508 INSTITUTE ST

VALPARAISO, IN 46383
2
Beds
1
Baths
1,272 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.
1888
Year BuiltThe year the home was originally built, according to county records.
2
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

$216K
$210K low$222K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,909 (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.$202,700 (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.$159,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$202,700
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$202,700

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.Masonry/Concrete Masonry Units (Cmus)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
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 · 96 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 · 0.7 mi
H
Valparaiso High SchoolA+
High · Grades 9–12 · 1.6 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

508 Institute 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 90% of homes in Valparaiso 46383
  • Costs less per square foot than 73% of homes in Valparaiso 46383
  • Smaller than 83% of homes in Valparaiso 46383
  • Has a smaller lot than 81% of homes in Porter County
  • Among the oldest 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
$167K$813K

This home is worth more than 10% 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$215,986
CheaperTypical $345,410Pricier

Pricier than 10% of homes nearby

Price per ft²$170
CheaperTypical $195Pricier

Pricier than 27% of homes nearby

Living area1,272 ft²
SmallerTypical 1,898 ft²Bigger

Bigger than 17% of homes nearby

Lot size0.2 ac
SmallerTypical 0.32 acBigger

Bigger than 28% of homes nearby

Year built1888
OlderTypical 1979Newer

Newer than 3% of homes nearby

How 508 Institute St ranks against every home in each area.
MeasureThis homeValparaiso 46383Porter County
Estimated valuepricier than$215,98610% of homes14% of homes
Price per ft²pricier than$17027% of homes35% of homes
Living areabigger than1,272 ft²17% of homes20% of homes
Lot sizebigger than0.2 ac28% of homes19% of homes
Year builtnewer than18883% of homesalmost no homes

About 508 Institute St

How much is 508 Institute St, Valparaiso, IN worth?

The TopHap Estimate for 508 Institute St, Valparaiso, IN is $215,986 as of Aug 30, 2026. The likely range is $210,468 to $221,504. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 508 Institute St, Valparaiso, IN?

508 Institute St, Valparaiso, IN has 2 bedrooms, 1 bathrooms, 1,272 square feet of living space and a 0.20-acre lot.

When was 508 Institute St, Valparaiso, IN built?

508 Institute St, Valparaiso, IN was built in 1888, making it 138 years old. The building has 2 stories.

What schools serve 508 Institute St, Valparaiso, IN?

508 Institute 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 508 Institute St, Valparaiso, IN compare to other homes in Valparaiso 46383?

Among the 13,098 homes in Valparaiso 46383, it is worth more than 10% of them ($215,986 against a typical $345,410), its price per square foot is higher than 27% of them ($170 against a typical $195), it is bigger than 17% of them (1,272 ft² against a typical 1,898 ft²), its lot is bigger than 28% of them (0.2 ac against a typical 0.32 ac) and it is newer than 3% of them (1888 against a typical 1979). Measured against all of Porter 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 508 Institute St, Valparaiso, IN?

The 2025 property tax bill for 508 Institute St, Valparaiso, IN was $1,909. The county assessed it at $202,700.

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Assigned schools

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