Market Intelligence · IN / Gary

Gary, IN 46404 Housing Market

Homes in Gary 46404 are worth $97,599 on average, up 7.9% over the past year. The median list price stands at $126,250, and homes typically spend 48 days on market.

Updated September 2026Median value$98K

The median home value in Gary, IN 46404 is $98K as of September 2026, up 7.9% 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 46404 range

$90K to $105K

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

+7.9% over 12 months

Sep 2025$90K

Low $90KHigh $98K

Sep 2026$98K

The numbers

What is the 46404 housing market like?

As of September 2026

Typical home value

$98K

7.9%YoY

Median list price

$126K

0.9%MoM

Days on market

4.3%MoM

Homes for sale

17.1%MoM

Price cuts

17.0%

21.4%MoM

New listings

150.0%MoM

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

The outlook

46404 housing market forecast 2027

+2.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46404 to rise 2.7% by September 2027.

Over the 12 months through September 2026, typical home values in 46404 rose 7.9%, per the Zillow Home Value Index.

Will home prices drop in 46404?

Zillow's forecast does not call for a drop: it expects typical home values in 46404 to rise 2.7% by September 2027, after a 7.9% rise 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 46404 home prices compare?

46404$97,599
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 46404 has 41 homes currently for sale as of September 2026, with 20 new listings added recently. The median asking price of $126,250 sits above the typical home value of $97,599, a gap that may reflect the mix of properties available. Homes are spending 48 days on market, a moderate pace. About 17.0% of listings have seen price reductions, suggesting some sellers are adjusting to buyer activity. For sellers, the steady appreciation over the past year is encouraging, but the willingness of some to cut prices signals caution about overpricing.

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Down payment20% · $19,520

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Common questions

What people ask us.

What is the typical home value in Gary 46404?

The typical home value is $97,599 as of September 2026, up 7.9% over the past year.

How many homes are currently for sale in 46404?

There are 41 homes for sale as of September 2026, with 20 new listings added recently.

How long do homes typically take to sell in this area?

Homes spend a median of 48 days on market in Gary 46404.

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