Market Intelligence · IN / Gary

Gary, IN 46408 Housing Market

In Gary, IN 46408, the typical home value is $112,879, down 2.9% over the past year. The median list price is $139,900, and homes are spending a median of 61 days on market.

Updated August 2026Median value$113K

The median home value in Gary, IN 46408 is $113K as of August 2026, down 2.9% 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 46408 range

$104K to $122K

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

-2.9% over 12 months

Typical home value in 46408 over the last 12 months: $116K in Aug 2025 to $113K in Aug 2026 (-2.9%).

Aug 2025$116K

Aug 2026$113K

The numbers

What is the 46408 housing market like?

Typical home value

$113K

Down2.9%YoY

Median list price

$140K

Flat0.0%MoM

Days on market

61

Down1.6%MoM

Homes for sale

53

Flat0.0%MoM

Price cuts

31.6%

Up48.1%MoM

New listings

16

Down38.5%MoM

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

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The comparison

How do 46408 home prices compare?

  • 46408$112,879
  • 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

Gary's 46408 ZIP code shows a typical home value of $112,879, down 2.9% over the past year. There are 53 homes for sale, with 16 new listings coming on the market. The median list price sits at $139,900, and homes are taking a median of 61 days to move. A 31.6% share of listings have taken a price cut. For sellers, the data suggests pricing realistically from the start, since buyers here are negotiating and values are drifting lower.

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