Market Intelligence · IN / Gary

Gary, IN 46404 Housing Market

The typical home value in Gary, IN 46404 is $101,322, up 7.3% over the past year as of 2026-08-01. Homes are listing at a median price of $127,400 and spending a median of 46 days on the market.

Updated August 2026Median value$101K

The median home value in Gary, IN 46404 is $101K as of August 2026, up 7.3% 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 46404 range

$93K to $109K

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

+7.3% over 12 months

Typical home value in 46404 over the last 12 months: $94K in Aug 2025 to $101K in Aug 2026 (+7.3%).

Aug 2025$94K

Aug 2026$101K

The numbers

What is the 46404 housing market like?

Typical home value

$101K

Up7.3%YoY

Median list price

$127K

Down4.7%MoM

Days on market

46

Down29.2%MoM

Homes for sale

35

Up6.1%MoM

Price cuts

14.0%

Down29.8%MoM

New listings

8

Down60.0%MoM

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

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The comparison

How do 46404 home prices compare?

  • 46404$101,322
  • 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

As of 2026-08-01, there are 35 homes for sale in the 46404 ZIP, with 8 new listings added to the market. The median list price sits at $127,400, while the typical home value is $101,322, up 7.3% over the past year. Homes take a median of 46 days to sell, and 14.0% of current listings have had a price cut. The value trend favors sellers, but buyers still have room to negotiate on listings that sit or get reduced.

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