Zip 46407 (Gary, IN) Housing

Gary, IN is a city located in the state of Indiana. The housing median value in Gary is $58,200, which is substantially lower than the US House Median Value of $338,100. However, the one year house appreciation rate for Gary is 9.79 percent, which is higher than the 8.27 percent appreciation rate for the US as a whole. This suggests that there may be opportunities for growth in Gary's housing market and that it could be an attractive option for potential home buyers looking to purchase at an affordable price point.

The median home cost in Gary (zip 46407) is $58,200. Home appreciation the last 10 years has been 75.5%. Home Appreciation in Gary (zip 46407) is up 13.9%.

Average Age of Homes

- The median age of Gary (zip 46407) real estate is 65 years old

The Rental Market in Gary (zip 46407)

- Renters make up 39.6% of the Gary (zip 46407) population
- 3.5% of houses and apartments in Gary (zip 46407), 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
	6,919.0	139,647,020.0
	68	42
	$58,200	$338,100
	13.9%	16.6%
	54.7%	57.0%
	75.5%	101.1%
	$10.46	$10.98
	$704	$2,690
	25.2%	57.4%
	40.4%	11.2%
	34.4%	31.4%
Vacant Housing
	3.5%	1.9%
	0.3%	0.4%
	0.4%	0.7%
	5.5%	0.4%
	0.2%	3.6%
	30.4%	4.1%
Value of Owner-Occupied Housing
	5.6%	2.6%
	35.6%	2.4%
	16.5%	2.8%
	12.9%	3.9%
	9.8%	4.5%
	9.7%	11.3%
	3.3%	13.0%
	5.4%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	1.0%	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%
	3.2%	13.6%
	3.2%	13.6%
	3.5%	13.6%
	4.3%	13.2%
	8.6%	14.8%
	3.5%	13.6%
	22.5%	10.0%
	17.2%	4.7%
	26.4%	12.2%

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