Market Intelligence · IN / Gary

Gary, IN 46403 Housing Market

The typical home value in Gary 46403 is $149,847, down 0.6% over the past year. Homes list at a median of $169,200 and spend 68 days on market before selling.

Updated September 2026Median value$150K

The median home value in Gary, IN 46403 is $150K as of September 2026, down 0.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 46403 range

$138K to $162K

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

Sep 2025$151K

Low $149KHigh $151K

Sep 2026$150K

The numbers

What is the 46403 housing market like?

As of September 2026

Typical home value

$150K

0.6%YoY

Median list price

$169K

9.7%MoM

Days on market

23.6%MoM

Homes for sale

3.1%MoM

Price cuts

17.4%

48.6%MoM

New listings

25.0%MoM

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

The outlook

46403 housing market forecast 2027

+2.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46403 to rise 2.8% by September 2027.

Over the 12 months through September 2026, typical home values in 46403 fell 0.6%, per the Zillow Home Value Index.

Will home prices drop in 46403?

Zillow's forecast does not call for a drop: it expects typical home values in 46403 to rise 2.8% by September 2027, after a 0.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 46403 home prices compare?

46403$149,847
Gary$77,283
Indiana$233,780
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Gary: 7 ZIPs; Indiana: 697 ZIPs; United States: 26,262 ZIPs).

Context

Gary 46403 shows modest inventory with 33 homes for sale as of September 2026, and 10 new listings entered the market that month. The median list price of $169,200 sits above the typical home value, reflecting ask versus actual sales dynamics. About 17.4% of listings have had a price cut, suggesting sellers are adjusting to buyer interest and market conditions. Days on market average 68, a reasonable pace for this area. If you are considering selling, expect a cautious market where price positioning matters.

Monthly payment

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Down payment20% · $29,969

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Common questions

What people ask us.

What is the typical home value in Gary 46403?

The typical home value is $149,847 as of September 2026, down 0.6% from the prior year.

How long do homes take to sell in Gary 46403?

The median days on market is 68, as of September 2026.

How many homes are for sale in Gary 46403?

There are 33 homes for sale in Gary 46403 as of September 2026.

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