Home ValuePros
Talk to a Pro

Market Intelligence · IN / Gary

Gary, IN 46406 Housing Market

The typical home value in Gary, Indiana 46406 has risen 6.0% over the past year, standing at $77,283 as of September 2026. The median list price in the area is $129,900, with homes averaging 83 days on the market.

Updated September 2026Median value$77K

The median home value in Gary, IN 46406 is $77K as of September 2026, up 6.0% 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.

Get a cash offer

Sell without the wait

Sell your Gary home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 46406 range

$71K to $83K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 46406 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Gary, IN.

12-month value trend

+6.0% over 12 months

Typical home value in 46406 over the last 12 months: $73K in Sep 2025 to $77K in Sep 2026 (+6.0%).

Sep 2025$73K

Sep 2026$77K

The numbers

What is the 46406 housing market like?

Typical home value

$77K

Up6.0%YoY

Median list price

$130K

Up15.5%MoM

Days on market

83

Up29.7%MoM

Homes for sale

21

Up23.5%MoM

Price cuts

17.0%

Up19.2%MoM

New listings

12

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

The outlook

46406 housing market forecast 2027

+3.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46406 to rise 3.1% by September 2027.

Over the 12 months through September 2026, typical home values in 46406 rose 6.0%, per the Zillow Home Value Index.

Will home prices drop in 46406?

Zillow's forecast does not call for a drop: it expects typical home values in 46406 to rise 3.1% by September 2027, after a 6.0% 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.

Free home value report

See what your 46406 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 46406 home prices compare?

  • 46406$77,283
  • 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's housing inventory remains modest, with 21 homes for sale and 12 new listings as of September 2026. The median list price of $129,900 sits well above the typical home value of $77,283, reflecting a gap between asking prices and actual valuations. Notably, 17.0% of active listings have already seen price reductions, suggesting some adjustments are underway. Homes are spending 83 days on the market, which points to slower movement than typical. If you're thinking about selling, be aware that buyer interest appears measured and negotiating room may exist.

Monthly payment

Estimate your monthly payment.

20% · $15,457

Common questions

What people ask us.

What is a typical home worth in 46406?

The typical home value in Gary's 46406 ZIP code is $77,283 as of September 2026, up 6.0% compared to the prior year.

How long do homes take to sell in 46406?

Homes in this area spend a median of 83 days on the market as of September 2026.

How many homes are currently for sale in 46406?

There are 21 homes for sale and 12 new listings in the 46406 ZIP code as of September 2026.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.