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Single Family ResidenceResidential
$161,951$204 / 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 92How 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

551 FACTORY ST

VALPARAISO, IN 46385
2
Beds
1
Baths
792 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.
1.69 ac
Lot SizeThe size of the land the home sits on, from county records.
1895
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
4
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$162K
$148K low$176K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,947 (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.$247,600 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$143,600
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$104,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$247,600
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$247,600

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.1.69
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt

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

M
Benjamin Franklin Middle SchoolA-
Middle · Grades 6–8 · 0.6 mi
E
Memorial Elementary SchoolA
Elementary · Grades KG–5 · 0.8 mi
H
Valparaiso High SchoolA+
High · Grades 9–12 · 2.0 mi

District: Valparaiso Community Schools

Neighborhood · ZIP 46385These 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.82
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 100.29

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.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.19%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.6.8%
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.44,677
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.538 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$99,098
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$121,747
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

551 Factory 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 Valparaiso 46385
  • Costs more per square foot than 65% of homes in Porter County
  • Among the smallest homes in Valparaiso 46385
  • Has a bigger lot than 87% of homes in Porter County
  • Among the oldest homes in Valparaiso 46385

What homes are worth in Valparaiso 46385

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

This home
$172K$976K

This home is worth less than almost all homes in Valparaiso 46385.

How it measures up in Valparaiso 46385

The dot is this home. The mark in the middle is the typical home in Valparaiso 46385.

Estimated value$161,951
CheaperTypical $369,852Pricier

Cheaper than almost all homes nearby

Price per ft²$204
CheaperTypical $189Pricier

Pricier than 64% of homes nearby

Living area792 ft²
SmallerTypical 1,950 ft²Bigger

Smaller than almost all homes nearby

Lot size1.69 ac
SmallerTypical 0.31 acBigger

Bigger than 86% of homes nearby

Year built1895
OlderTypical 1987Newer

Older than almost all homes nearby

How 551 Factory St ranks against every home in each area.
MeasureThis homeValparaiso 46385Porter County
Estimated valuepricier than$161,951almost no homes3% of homes
Price per ft²pricier than$20464% of homes65% of homes
Living areabigger than792 ft²almost no homes2% of homes
Lot sizebigger than1.69 ac86% of homes87% of homes
Year builtnewer than1895almost no homes2% of homes

About 551 Factory St

How much is 551 Factory St, Valparaiso, IN worth?

The TopHap Estimate for 551 Factory St, Valparaiso, IN is $161,951 as of Aug 30, 2026. The likely range is $148,242 to $175,660. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 551 Factory St, Valparaiso, IN?

551 Factory St, Valparaiso, IN has 2 bedrooms, 1 bathrooms, 792 square feet of living space and a 1.69-acre lot.

When was 551 Factory St, Valparaiso, IN built?

551 Factory St, Valparaiso, IN was built in 1895, making it 131 years old. The building has 1 story.

What schools serve 551 Factory St, Valparaiso, IN?

551 Factory St, Valparaiso, IN is assigned to Benjamin Franklin Middle School (middle), rated A-; Memorial Elementary School (elementary), 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 551 Factory St, Valparaiso, IN compare to other homes in Valparaiso 46385?

Among the 16,172 homes in Valparaiso 46385, it is worth more than almost none of them ($161,951 against a typical $369,852), its price per square foot is higher than 64% of them ($204 against a typical $189), it is bigger than almost none of them (792 ft² against a typical 1,950 ft²), its lot is bigger than 86% of them (1.69 ac against a typical 0.31 ac) and it is newer than almost none of them (1895 against a typical 1987). Measured against all of Porter County, it is worth more than 3% 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 551 Factory St, Valparaiso, IN?

The 2025 property tax bill for 551 Factory St, Valparaiso, IN was $5,947. The county assessed it at $247,600.

More homes on Factory St

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Assigned schools

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