Zip 46409 (Gary, IN) Housing

The housing market in Gary, IN (zip code 46409) is doing considerably well compared to the US average. The median value of homes in this area is $69,100, which is significantly lower than the US median value of $338,100. In addition, the 1 year house appreciation rate in Gary has been 9.79%, higher than the US average of 8.27%. This indicates that housing prices in Gary are steadily increasing and are a more affordable option than other parts of the country.

The median home cost in Gary (zip 46409) is $69,100. Home appreciation the last 10 years has been 75.5%. Home Appreciation in Gary (zip 46409) is up 13.9%.

Average Age of Homes

- The median age of Gary (zip 46409) real estate is 63 years old

The Rental Market in Gary (zip 46409)

- Renters make up 35.4% of the Gary (zip 46409) population
- 0.7% of houses and apartments in Gary (zip 46409), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Gary, Indiana	United States
	4,441.0	139,647,020.0
	66	42
	$69,100	$338,100
	13.9%	16.6%
	54.7%	57.0%
	75.5%	101.1%
	$10.46	$10.98
	$900	$2,690
	26.5%	57.4%
	40.8%	11.2%
	32.7%	31.4%
Vacant Housing
	0.7%	1.9%
	0.3%	0.4%
	0.6%	0.7%
	1.6%	0.4%
	0.0%	3.6%
	37.6%	4.1%
Value of Owner-Occupied Housing
	5.2%	2.6%
	14.3%	2.4%
	32.9%	2.8%
	22.4%	3.9%
	10.8%	4.5%
	6.0%	11.3%
	7.7%	13.0%
	0.8%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.8%	13.6%
	2.8%	13.6%
	0.5%	13.6%
	1.4%	13.2%
	8.5%	14.8%
	0.5%	13.6%
	29.4%	10.0%
	12.6%	4.7%
	23.5%	12.2%

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