Market Intelligence · IN / Gary

Gary, IN 46409 Housing Market

The typical home value in Gary's 46409 ZIP code stands at $74,450, down 7.1% over the past year. Homes are listing at a median price of $110,000 and spending 76 days on market.

Updated September 2026Median value$74K

The median home value in Gary, IN 46409 is $74K as of September 2026, down 7.1% 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 46409 range

$68K to $80K

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

-7.1% over 12 months

Sep 2025$80K

Low $74KHigh $80K

Sep 2026$74K

The numbers

What is the 46409 housing market like?

As of September 2026

Typical home value

$74K

7.1%YoY

Median list price

$110K

7.4%MoM

Days on market

16.9%MoM

Homes for sale

0.0%MoM

Price cuts

18.3%

35.2%MoM

New listings

16.7%MoM

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

The outlook

46409 housing market forecast 2027

+3.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46409 to rise 3.1% by September 2027.

Over the 12 months through September 2026, typical home values in 46409 fell 7.1%, per the Zillow Home Value Index.

Will home prices drop in 46409?

Zillow's forecast does not call for a drop: it expects typical home values in 46409 to rise 3.1% by September 2027, after a 7.1% 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 46409 home prices compare?

46409$74,450
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

As of September 2026, there are 36 homes for sale in this ZIP, with 14 new listings added recently. The median list price is $110,000 while the typical home value sits at $74,450. Properties are taking 76 days to sell on average. An 18.3% share of current listings have received price cuts, suggesting sellers are adjusting to softer buyer demand. For homeowners considering a sale, the gap between list price and actual market value warrants a realistic assessment of your property's position.

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Down payment20% · $14,890

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Common questions

What people ask us.

What is a typical home worth in 46409?

The typical home value is $74,450, which has declined 7.1% over the past year.

How long do homes stay on market here?

The median days on market is 76 as of September 2026.

How many homes are currently listed?

There are 36 homes for sale in this ZIP as of September 2026, with 14 new listings added recently.

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