What is the rental yield in Turkey Creek Meadows, Merrillville, Indiana?

The gross yield in Turkey Creek Meadows, Merrillville, Indiana is 7.1. That is the strongest numeric feature in the profile, alongside pricing that is in line with Merrillville and about 11% below Indiana. Over the past year, prices are down 1.3%.

How walkable is Turkey Creek Meadows in Merrillville, Indiana?

Turkey Creek Meadows, Merrillville, Indiana has a walkability of 36. That is modest, and it sits with a Red Flag score of 58 and education in the 45th percentile. The area also has a gross yield of 7.1 and prices that are about 11% below Indiana.

How does Turkey Creek Meadows compare with Merrillville, Indiana overall?

Turkey Creek Meadows, Merrillville, Indiana is priced in line with Merrillville and about 11% below Indiana. It has a gross yield of 7.1, a Red Flag score of 58, walkability of 36, and education in the 45th percentile. Prices are down 1.3% over the past year.

Neighborhood

Turkey Creek Meadows

Merrillville, Indiana US

Turkey Creek Meadows, Merrillville, Indiana is a yield-led investment profile with pricing in line with Merrillville and about 11% below Indiana, a gross yield of 7.1, and prices down 1.3% over the past year. The neighborhood has walkability of 36 and education in the 45th percentile, while the Red Flag score of 58 suggests moderate overall risk. The main strength is the 7.1 gross yield; the main caution is that prices have softened over the past year.

AI Summary•Updated June 2026

Area

3.84 mi²

ZIP Code

46410

County

Lake County

State

Indiana

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$259,373

YoY-1.3%

Gross Rental Yield

7.2%

Listed rent · ZORI annualized

Red Flag Index

Moderate

58 / 100

Walkability Score

Car-Dependent

OpenStreetMap POI density · national percentile

Education Score

45 / 100

Fair · better than 45% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Good

DistrictScore attractiveness · national model

Turkey Creek Meadows Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Turkey Creek Meadows, Merrillville.

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Market Economics Snapshot

Jun 2026

Metric	Value	YoY
Median Sale Price	$259,373	-1.3%
Price / Sq Ft (Verified)	$148/sqft	-0.2%
Asking Rent (Median)	$1,550/mo	+2.1%
Gross Rental Yield	7.2%	—
Liquidity Score	35 / 100	Moderate
Homes Sold (Period)	119	+4.4%

Is Turkey Creek Meadows Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Indiana crime context.

Red Flag Breakdown

58 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Tornado100Very High

Flood60High

Wildfire60High

Earthquake60High

Heat60High

Strong Wind60High

Hail60High

Hurricane20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Indiana averaged 16.9 crimes and 3.1 violent per 1,000 residents (-9.4% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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What Stands Out AI Insight

Above-average gross rental yield at 7.2%

Active transaction volume — 119 homes sold last period

Tornado risk is Very High (100/100)

Insights are generated from Turkey Creek Meadows's live DistrictScore metrics.

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Turkey Creek Meadows Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Indiana-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

6.8 µg/m³ Meets EPA, above WHO guideline-25.6% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Turkey Creek Meadows centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 75% of U.S. neighborhoods.

Indiana Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	16.9	3.1	-9.4%
2023	18.8	3.4	+3.3%
2022	18.3	3.1	-2.6%
2021	18.9	3.3	-11.2%
2020	21.4	3.6	-7.4%
2019	23.2	3.7	—

Reported at the state level — the finest official US crime aggregation; Turkey Creek Meadows inherits the Indiana figures.

Radon Potential

EPA

Zone 2

Zone 2 — Moderate potential · Turkey Creek Meadows

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Superfund (NPL)4.9 kmModerate

Point-source screening near Turkey Creek Meadows: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

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Walkability & Amenities in Turkey Creek Meadows

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

36

Car-Dependent

Walkability Score

12

Grocery

5

Dining

6

Schools

0

Universities

0

Hospitals

2

Pharmacies

3

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Turkey Creek Meadows's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Turkey Creek Meadows vs Merrillville vs Indiana

How Turkey Creek Meadows benchmarks against its city and state medians.

Benchmark vs City & State

Across Turkey Creek Meadows, the median sale price sits in line with the median for Merrillville neighborhoods and about 11% below the statewide median. Gross rental yield is 7.2%, against 7.2% for Merrillville neighborhoods and 6.1% statewide. Over the past 12 months, prices fell 1.3%. Transaction liquidity sits in line with the median for Merrillville neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Turkey Creek Meadows	$148/sqft	7.2%	35
Merrillville	$148/sqft	7.2%	35
Indiana	$166/sqft	6.1%	33

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Buying Property in the US as a Foreigner

Federal & Indiana tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.76% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 3.0%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: none statewide (local tax may apply).

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Indiana property-tax guidance for foreign buyers

Latest Merrillville Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Turkey Creek Meadows Real Estate FAQ

Turkey Creek Meadows, Merrillville, Indiana is driven more by yield than by price growth. Pricing is in line with Merrillville and about 11% below Indiana, gross yield is 7.1, and prices are down 1.3% over the past year. The Red Flag score is 58, with walkability at 36.

Neighborhoods near Turkey Creek Meadows

Compare Turkey Creek Meadows with nearby neighborhoods in Merrillville.

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