Zip 46402 (Gary, IN) Housing

The housing market in Gary, IN (46402) is performing slightly better than the national average. The median value of a home in Gary is $62,500, while the national median house value is $338,100. Furthermore, the one-year appreciation rate for houses in Gary is 9.79%, which is higher than the US average of 8.27%. Thus, this region appears to offer potential for a good return on investment for potential homeowners or real estate investors considering purchasing property there.

The median home cost in Gary (zip 46402) is $62,500. Home appreciation the last 10 years has been 75.5%. Home Appreciation in Gary (zip 46402) is up 13.9%.

Average Age of Homes

- The median age of Gary (zip 46402) real estate is 75 years old

The Rental Market in Gary (zip 46402)

- Renters make up 37.8% of the Gary (zip 46402) population
- 4.0% of houses and apartments in Gary (zip 46402), 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
	3,530.0	139,647,020.0
	55	42
	$62,500	$338,100
	13.9%	16.6%
	54.7%	57.0%
	75.5%	101.1%
	$11.51	$10.98
	$730	$2,690
	31.3%	57.4%
	32.4%	11.2%
	36.3%	31.4%
Vacant Housing
	4.0%	1.9%
	1.3%	0.4%
	0.0%	0.7%
	5.9%	0.4%
	0.0%	3.6%
	21.3%	4.1%
Value of Owner-Occupied Housing
	15.3%	2.6%
	14.8%	2.4%
	14.0%	2.8%
	25.3%	3.9%
	8.4%	4.5%
	13.0%	11.3%
	6.1%	13.0%
	2.2%	20.1%
	0.0%	13.6%
	0.4%	8.3%
	0.0%	9.7%
	0.5%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.0%	13.6%
	3.0%	13.6%
	3.7%	13.6%
	2.1%	13.2%
	4.8%	14.8%
	3.7%	13.6%
	8.5%	10.0%
	13.0%	4.7%
	57.3%	12.2%

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