House Prices & Home Values Gary, IN 2026
Average Data
| average house price | $88,683 |
| average size per house | 1439 ft² |
| average price per ft² | 62 $ / ft² |
01/19/2026 -
The value range (VR) for house prices in Gary, IN is $21/ sqft to $147/ sqft. An average home with 1439 sqft costs approximately $30,219 to $211,533. Gary, IN includes 7 ZIP codes and it is located in Lake county.
The lowest prices are found in ZIP 46402, while the highest are in ZIP 46403. The average price per sqare feet is $62. Our analysis is based on 89 property listings.
Avergage prices by ZIP codes Gary
| 46402 | 19 $ / ft² | | 46403 | 141 $ / ft² | | 46404 | 44 $ / ft² | | 46406 | 67 $ / ft² | | 46407 | 37 $ / ft² | | 46408 | 71 $ / ft² | | 46409 | 74 $ / ft² |
Historical development of home values in Gary
| Year |
Estimated value (USD) |
Change vs. 2025 |
| 2010 |
$41,186 |
-53.6% |
| 2011 |
$39,593 |
-55.4% |
| 2012 |
$39,487 |
-55.5% |
| 2013 |
$40,963 |
-53.8% |
| 2014 |
$42,999 |
-51.5% |
| 2015 |
$45,206 |
-49.0% |
| 2016 |
$47,566 |
-46.4% |
| 2017 |
$50,133 |
-43.5% |
| 2018 |
$52,904 |
-40.3% |
| 2019 |
$55,358 |
-37.6% |
| 2020 |
$58,219 |
-34.4% |
| 2021 |
$66,218 |
-25.3% |
| 2022 |
$77,195 |
-13.0% |
| 2023 |
$81,406 |
-8.2% |
| 2024 |
$86,116 |
-2.9% |
| 2025 |
$88,683 |
0.0% |
Graph: estimated home values in Gary over time (USD)
Example: 100% financing house in Gary
Loan amount:
$88,683
Interest rate:
6.00%
Fixed monthly payment:
$531.70
Breakdown in the 1st month:
Interest portion:
$443.42 –
Principal portion:
$88.28
Yearly breakdown (100% financing)
| Year |
Interest per year ($) |
Principal per year ($) |
Remaining balance at year-end ($) |
| 1 |
$5,291.36 |
$1,089.04 |
$87,593.96 |
| 2 |
$5,224.19 |
$1,156.21 |
$86,437.76 |
| 3 |
$5,152.87 |
$1,227.52 |
$85,210.24 |
| 4 |
$5,077.16 |
$1,303.23 |
$83,907.01 |
| 5 |
$4,996.78 |
$1,383.61 |
$82,523.40 |
| 6 |
$4,911.44 |
$1,468.95 |
$81,054.45 |
| 7 |
$4,820.84 |
$1,559.55 |
$79,494.90 |
| 8 |
$4,724.65 |
$1,655.74 |
$77,839.16 |
| 9 |
$4,622.53 |
$1,757.86 |
$76,081.29 |
| 10 |
$4,514.11 |
$1,866.28 |
$74,215.01 |
| 11 |
$4,399.00 |
$1,981.39 |
$72,233.62 |
| 12 |
$4,276.79 |
$2,103.60 |
$70,130.02 |
| 13 |
$4,147.05 |
$2,233.34 |
$67,896.68 |
| 14 |
$4,009.30 |
$2,371.09 |
$65,525.58 |
| 15 |
$3,863.06 |
$2,517.34 |
$63,008.25 |
| 16 |
$3,707.79 |
$2,672.60 |
$60,335.65 |
| 17 |
$3,542.95 |
$2,837.44 |
$57,498.21 |
| 18 |
$3,367.95 |
$3,012.45 |
$54,485.76 |
| 19 |
$3,182.14 |
$3,198.25 |
$51,287.51 |
| 20 |
$2,984.88 |
$3,395.51 |
$47,892.00 |
| 21 |
$2,775.46 |
$3,604.94 |
$44,287.06 |
| 22 |
$2,553.11 |
$3,827.28 |
$40,459.78 |
| 23 |
$2,317.05 |
$4,063.34 |
$36,396.44 |
| 24 |
$2,066.43 |
$4,313.96 |
$32,082.48 |
| 25 |
$1,800.36 |
$4,580.03 |
$27,502.45 |
| 26 |
$1,517.87 |
$4,862.52 |
$22,639.93 |
| 27 |
$1,217.96 |
$5,162.43 |
$17,477.50 |
| 28 |
$899.56 |
$5,480.84 |
$11,996.66 |
| 29 |
$561.51 |
$5,818.88 |
$6,177.78 |
| 30 |
$202.61 |
$6,177.78 |
$0.00 |
Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment
over the entire term. Extra payments, interest rate changes, and additional purchase costs
(e.g. taxes, notary fees) are not included.
How to sell in Gary, IN
| 1500 sqft | 3900 sqft |
| Ø selling price | $112,531 | $239,383 | | Ø fast selling | $102,301 | $215,444 | | Ø high price sale | $122,761 | $263,321 |
In 2026, houses in Gary, IN will be offered at an average price of $62 per square foot. A 1,500 sqft home priced at $112,531 is 20.75% more expensive per square foot than a 3,900 sqft home priced at $239,383.
Home prices in Gary, IN vary significantly depending on the neighborhood and location.
For a quick sale, a 2,700 sqft home should be listed at around $165,726.
Sellers who can wait longer may achieve a higher price of up to $202,555.
Discover Gary, Indiana
Gary, Indiana is a historic city on the south shore of Lake Michigan in Northwest Indiana.
It is known as the Steel City and grew around the massive U.S. Steel Gary Works.
Its strategic location keeps residents close to Chicago via I-90/I-94 and the South Shore Line commuter rail.
History and Culture
Founded in 1906 by U.S. Steel, the city?s development reflects a powerful industrial legacy and resilient communities.
As the birthplace of Michael Jackson and the Jackson family, Gary draws music fans to the family home and local tributes.
Cultural landmarks such as Marquette Park, the historic Gary Aquatorium, and Miller Beach highlight the area?s lakefront heritage.
The local arts scene is growing with community festivals, galleries, and performances that celebrate Gary?s diverse stories.
Things to Do and Living
Outdoor lovers enjoy sandy beaches, birding, and trails, with Indiana Dunes National Park just a short drive away.
Revitalization efforts are bringing new small businesses, workforce training, and adaptive reuse projects to the downtown and neighborhoods.
Affordable housing, regional job access, and the Gary/Chicago International Airport make the city a strategic base in Northwest Indiana.
FAQ – Home Values in Gary
What is the median home value in Gary in 2026?
In 2026, the typical home value in
Gary is about
$88,683 for an average home size of
1439 square feet. This corresponds to an average
price of roughly $62 per square foot.
What is the average cost per square foot in Gary?
In 2026, homes in
Gary sell for an average of around
$62 per square foot, with a typical range
between $21 and
$147 per square foot, depending on the property’s
location, condition, and lot size.
What is the average home size in ?
The average home size in Gary is about
1439 square feet, with an estimated
2026 value around
$88,683.
Locations close to Gary, IN
|
