Gary, IN housing market
The typical Gary home is worth about $92,000, down 1.3% in a year, 64% below the Indiana typical home. Homes typically sell in 33 days, below asking.
Home values, sales, trends and how Gary compares with the towns next door — updated as new data is published.
Gary at a glance
A seller's market
Supply is tight — about 3.8 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Gary | Indiana |
|---|---|---|
| 2017 | $38,000 | $135,000 |
| 2018 | $42,000 | $144,000 |
| 2019 | $56,000 | $154,000 |
| 2020 | $59,000 | $164,000 |
| 2021 | $66,000 | $183,000 |
| 2022 | $78,000 | $209,000 |
| 2023 | $91,000 | $227,000 |
| 2024 | $90,000 | $237,000 |
| 2025 | $99,000 | $249,000 |
| 2026 | $92,000 | $256,000 |
| August 2026 | $92,000 | $260,000 |
Gary and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Gary | $92K | −1.3% | 33 | $38,731 |
| Lake Station | $162K | +0.8% | 30 | $59,591 |
| Hobart | $246K | +1.2% | — | $70,273 |
| Hammond | $180K | +1.5% | 9 | $55,504 |
| East Chicago | $132K | −4.7% | 13 | $42,125 |
| Hobart | — | — | 37 | $75,160 |
| Merrillville | $245K | +1.1% | 20 | $67,587 |
2.4 years of income
The typical Gary home costs about 2.4 years of the town's median household income, less than across Indiana (3.6 years).
How Gary ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Recent listings in Gary
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.