Market Intelligence · IN / Gary

Gary, IN 46407 Housing Market

The typical home value in Gary's 46407 ZIP is $57,429, down 1.5% over the past year. The median list price stands at $72,425, with homes spending a median 101 days on market as of September 2026.

Updated September 2026Median value$57K

The median home value in Gary, IN 46407 is $57K as of September 2026, down 1.5% 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 46407 range

$53K to $62K

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

-1.5% over 12 months

Sep 2025$58K

Low $57KHigh $58K

Sep 2026$57K

The numbers

What is the 46407 housing market like?

As of September 2026

Typical home value

$57K

1.5%YoY

Median list price

$72K

7.3%MoM

Days on market

101

6.3%MoM

Homes for sale

13.0%MoM

Price cuts

16.4%

2.5%MoM

New listings

0.0%MoM

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

The outlook

46407 housing market forecast 2027

+2.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46407 to rise 2.6% by September 2027.

Over the 12 months through September 2026, typical home values in 46407 fell 1.5%, per the Zillow Home Value Index.

Will home prices drop in 46407?

Zillow's forecast does not call for a drop: it expects typical home values in 46407 to rise 2.6% by September 2027, after a 1.5% 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 46407 home prices compare?

46407$57,429
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 46407 market shows modest activity with 47 homes for sale and 12 new listings as of September 2026. The median asking price of $72,425 sits notably above the typical home value of $57,429, reflecting some gap between list expectations and actual valuations. With a median 101 days on market and 16.4% of listings carrying a price cut, the market is favoring buyers who can wait or negotiate. The year-over-year decline in typical home value suggests continued softness. Sellers should expect a patient market and price competitively from the start.

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Home price

Down payment20% · $11,486

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Common questions

What people ask us.

What is the typical home value in 46407?

The typical home value is $57,429 as of September 2026, down 1.5% from the prior year.

How long do homes stay on the market in 46407?

The median days on market is 101 as of September 2026.

How many homes are currently for sale in 46407?

There are 47 homes for sale as of September 2026, with 12 new listings added that month.

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Nearby ZIP markets.

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