Gary, IN is a city with an affordable housing market. The median value of housing in the area is $72,300, significantly lower than the US median house value of $338,100. Despite being more affordable than many other areas, Gary is still seeing an increase in appreciation with a 1 year house appreciation rate of 9.79%, higher than the US average of 8.27%. This indicates that the housing market in Gary is becoming increasingly desirable and could be a great option for prospective home buyers looking for an affordable yet appreciating market.
The median home cost in Gary (zip 46406) is $72,300. Home appreciation the last 10 years has been 75.5%. Home Appreciation in Gary (zip 46406) is up 13.9%.
Average Age of Homes
- The median age of Gary (zip 46406) real estate is 58 years old
The Rental Market in Gary (zip 46406)
- Renters make up 35.9% of the Gary (zip 46406) population
- 6.6% of houses and apartments in Gary (zip 46406), 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.