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Old 07-08-2011, 08:49 AM
 
1 posts, read 2,527 times
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I currently live in Cook County and My Fiance and I are looking to move to Munster Indiana in the next year or two. We want to move to Munster for the great schools(we have a 2 year old son) and the community but a big factor is also the insane taxes we want to avoid in Cook County. My mother lives in Flossmoor and pays $9,000 a year in taxes. But I have recently heard from a coworker who just moved out of cook county and into Highland Indiana, that Munster home insurance is almost as bad as cook county taxes because of Flood insurance. Is there any truth to this? Also, I want to make sure we can afford to buy in the area. I have seen some mixed posts on here about what a home goes for in Munster. We are looking for a home between $175,000- $200,000. Just a nice starter home, 3 bedrooms 2 baths in a nice neighborhood. Will we be able to have a good selection of homes to choose from with that price point in Munster?

Last edited by shiggins22; 07-08-2011 at 09:20 AM..
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Old 07-08-2011, 06:02 PM
 
2,164 posts, read 5,520,774 times
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Quote:
Originally Posted by shiggins22 View Post
I currently live in Cook County and My Fiance and I are looking to move to Munster Indiana in the next year or two. We want to move to Munster for the great schools(we have a 2 year old son) and the community but a big factor is also the insane taxes we want to avoid in Cook County. My mother lives in Flossmoor and pays $9,000 a year in taxes. But I have recently heard from a coworker who just moved out of cook county and into Highland Indiana, that Munster home insurance is almost as bad as cook county taxes because of Flood insurance. Is there any truth to this? Also, I want to make sure we can afford to buy in the area. I have seen some mixed posts on here about what a home goes for in Munster. We are looking for a home between $175,000- $200,000. Just a nice starter home, 3 bedrooms 2 baths in a nice neighborhood. Will we be able to have a good selection of homes to choose from with that price point in Munster?
If you are in an area of Munster in the flood plain, you will pay more for flood insurance...however, home insurance itself is not significantly more or less expensive compared to any other area in the flood plain. As far as your price range, you could definitely find a house in Munster in that price, but your selection will be limited. It will be an old home most likely in need of updating. Primarily because of the combination of excellent schools and access to the expressway/Chicago, your money will not go as far as it would in some other nearby towns (like Highland, Schererville, or even Dyer). Make sure you plan for major updating costs into your budget! And welcome to the area!
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Old 07-13-2011, 02:16 PM
 
Location: Indiana
64 posts, read 138,997 times
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When I lived in Chicago, taxes were high, but not that high. Taxes are lower in Munster than Chicago and flood is insurance, not a tax!

A lot of NWI is in a flood plain. I remember flooding not long ago in Turkey Creek and along Ridge Road in places. You need to check the fema-dot-gov for their online maps.
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Old 11-01-2012, 06:47 PM
 
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Does anyone know if West Lakes of Munster is in a flood zone?
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Old 11-01-2012, 07:33 PM
 
Location: Fishers, IN
6,485 posts, read 12,571,327 times
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Originally Posted by Dan74ette View Post
Does anyone know if West Lakes of Munster is in a flood zone?
If you have an address, you may be able to find out at www.floodsmart.gov.
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Old 11-02-2012, 11:03 PM
 
15 posts, read 52,554 times
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You know, Munster just had a lot of homes removed from the flood plain. There's a lot less than you think: most are on the river, and there are a lot in your price range that aren't in the zone. Our house isn't, and they're right: in your price range, you'll get what we have: an older home (ours is a 1940's Cape Cod - charming and pretty updated, but still full of quirks). Actually, you'd probably get something a little better, but not super-much in Dyer or Schererville in that price range. But if you want to move up to something less than 70 years old , you'll have trouble in Munster: it's starter homes or much more built out-ones, and the price ranges seem to go from the 150-200,000 range and then bump up to the 350K and up range for newer homes. In between, it's a 70's split level, and nice ones are hard to come by for less than $250K. But if you've got $250-$275K to spend, you can get something much newer and lovely in Schererville and to some extent Dyer. Commute to Chicago is longer from those towns, but they've got great schools, too, and they're nice as well.

All that said, we LOVE Munster and any property you buy here will end up being pretty valuable, since it's considered such a desirable town. It's a fantastic town for raising kids: the whole area is, actually. I haven't missed the city at all since we left.
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