Market Intelligence · IN / Gary

Gary, IN 46408 Housing Market

The typical home value in Gary 46408 is $107,649, down 2.8% over the past year. The median list price is $147,450, and homes stay on the market for a median of 67 days.

Updated September 2026Median value$108K

The median home value in Gary, IN 46408 is $108K as of September 2026, down 2.8% 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 46408 range

$99K to $116K

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

-2.8% over 12 months

Sep 2025$111K

Low $106KHigh $111K

Sep 2026$108K

The numbers

What is the 46408 housing market like?

As of September 2026

Typical home value

$108K

2.8%YoY

Median list price

$147K

5.4%MoM

Days on market

9.8%MoM

Homes for sale

3.8%MoM

Price cuts

31.4%

0.5%MoM

New listings

12.5%MoM

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

The outlook

46408 housing market forecast 2027

+2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46408 to rise 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 46408 fell 2.8%, per the Zillow Home Value Index.

Will home prices drop in 46408?

Zillow's forecast does not call for a drop: it expects typical home values in 46408 to rise 2.2% by September 2027, after a 2.8% 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 46408 home prices compare?

46408$107,649
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 46408 has 51 homes for sale, including 14 new listings as of September 2026. The median days on market of 67 indicates a market where properties linger longer than in faster-moving areas. About 31.4% of listings have received price cuts, which aligns with the year-over-year decline in typical home values. For sellers, this is a market that requires realistic pricing and patience to move a property.

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Down payment20% · $21,530

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Common questions

What people ask us.

What is the typical home value in Gary 46408?

The typical home value is $107,649, down 2.8% over the past year as of September 2026.

How many homes are currently for sale in this area?

There are 51 homes for sale, with 14 new listings in September 2026.

How long do homes typically stay on the market?

The median days on market is 67 as of September 2026.

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