The housing market in Gary, IN is showing signs of increased appreciation compared to the national average. The median value of homes in Gary is currently $79,300 while the US median value stands at $338,100. Over a period of one year, the US home appreciation rate was 8.27%, while Gary saw an increase of 9.79%. This suggests that the housing market in Gary is outperforming the national trend and could make it an attractive option for potential buyers or investors.
The median home cost in Gary is $79,300. Home appreciation the last 10 years has been 75.5%. Home Appreciation in Gary is up 13.9%.
Average Age of Homes
- The median age of Gary real estate is 62 years old
The Rental Market in Gary
- Renters make up 35.4% of the Gary population
- 3.4% of houses and apartments in Gary, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.