Zip 46403 (Gary, IN) Housing

The housing market in Gary, IN (46403) is significantly lower than the national house median value. At $136,400, the median house value in Gary is about 40% of what people are paying on average across the US. Despite this, Gary has experienced a higher 1 year appreciation rate than the national average with 9.79% growth in housing values compared to 8.27%. This suggests that despite its low median price, there is an increasing demand for homes in Gary and it may be a good time to invest in the local housing market.

The median home cost in Gary (zip 46403) is $136,400. Home appreciation the last 10 years has been 75.5%. Home Appreciation in Gary (zip 46403) is up 13.9%.

Average Age of Homes

- The median age of Gary (zip 46403) real estate is 57 years old

The Rental Market in Gary (zip 46403)

- Renters make up 36.8% of the Gary (zip 46403) population
- 6.6% of houses and apartments in Gary (zip 46403), 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
	6,183.0	139,647,020.0
	61	42
	$136,400	$338,100
	13.9%	16.6%
	54.7%	57.0%
	75.5%	101.1%
	$11.06	$10.98
	$1,330	$2,690
	37.5%	57.4%
	21.9%	11.2%
	40.6%	31.4%
Vacant Housing
	6.6%	1.9%
	0.9%	0.4%
	0.4%	0.7%
	2.4%	0.4%
	1.8%	3.6%
	10.0%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	7.5%	2.4%
	10.0%	2.8%
	8.2%	3.9%
	12.3%	4.5%
	28.3%	11.3%
	9.9%	13.0%
	8.2%	20.1%
	8.5%	13.6%
	0.4%	8.3%
	1.7%	9.7%
	1.5%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	2.3%	13.6%
	2.3%	13.6%
	6.1%	13.6%
	4.7%	13.2%
	14.1%	14.8%
	6.1%	13.6%
	32.6%	10.0%
	8.9%	4.7%
	8.3%	12.2%

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