Market Intelligence · IN / Gary

Gary, IN 46406 Housing Market

The typical home in Gary, IN 46406 is worth $81,812, up 4.7% over the past year as of 2026-08-01. The median list price is $112,500, and homes spend a median of 64 days on market.

Updated August 2026Median value$82K

The median home value in Gary, IN 46406 is $82K as of August 2026, up 4.7% 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 46406 range

$75K to $88K

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

+4.7% over 12 months

Typical home value in 46406 over the last 12 months: $78K in Aug 2025 to $82K in Aug 2026 (+4.7%).

Aug 2025$78K

Aug 2026$82K

The numbers

What is the 46406 housing market like?

Typical home value

$82K

Up4.7%YoY

Median list price

$113K

Down9.0%MoM

Days on market

64

Up23.1%MoM

Homes for sale

17

Flat0.0%MoM

Price cuts

14.3%

Down35.7%MoM

New listings

0

Down100.0%MoM

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

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The comparison

How do 46406 home prices compare?

  • 46406$81,812
  • 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 17 homes for sale in 46406, with 0 new listings coming on in the latest reading. The median list price sits at $112,500, above the typical home value of $81,812, which has climbed 4.7% over the past year. Sellers are waiting a median of 64 days for a deal, and 14.3% of active listings have taken a price cut. For a seller, the value trend is encouraging, but pricing too far above what buyers are paying can mean a longer wait and a possible reduction later.

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