Market Intelligence · IN / Gary

Gary, IN 46403 Housing Market

The typical home in Gary, IN 46403 is worth $154,946, down 0.6% over the past year as of 2026-08-01. The median list price is $187,400, and homes spend a median of 55 days on the market.

Updated August 2026Median value$155K

The median home value in Gary, IN 46403 is $155K as of August 2026, down 0.6% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 46403 range

$143K to $167K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.6% over 12 months

Typical home value in 46403 over the last 12 months: $156K in Aug 2025 to $155K in Aug 2026 (-0.6%).

Aug 2025$156K

Aug 2026$155K

The numbers

What is the 46403 housing market like?

Typical home value

$155K

Down0.6%YoY

Median list price

$187K

Down9.6%MoM

Days on market

55

Up1.9%MoM

Homes for sale

32

Up6.7%MoM

Price cuts

33.9%

Up106.5%MoM

New listings

8

Down42.9%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 46403 home prices compare?

  • 46403$154,946
  • Gary$81,812
  • Indiana$237,708
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Gary: 7 ZIPs; Indiana: 697 ZIPs; United States: 26,265 ZIPs).

Context

Home values in 46403 have slipped 0.6% over the past year, landing at $154,946. Sellers are listing at a median of $187,400, which sits well above the typical value, and homes are taking 55 days to sell at the median. There are 32 homes for sale, with 8 new listings added. Notably, 33.9% of listings have taken a price cut. For a seller, the gap between asking prices and actual values suggests patience and realistic pricing will matter more than optimism.

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