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Gary, IN Home Values and Rents
The typical home value in Gary is $87,485, 325th highest of 351 cities and towns in Indiana. Median rent is $1,367 a month.
- Typical home value
- $87,485
- 325th of 351 in IN
- Median rent
- $1,367/mo
- Zillow observed rent
- Price change, 1 year
- -0.9%
- Sep 2026
- Homeownership
- 49.1%
- IN: 70.6%
Home sale prices in the Chicago-Naperville-Elgin, IL-IN area
Zillow median sale price, Sep 2026
$345,909+6.4% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Typical home value in Gary
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Gary |
|---|---|
| Sep 2026 | $87,485 |
| Dec 2025 | $86,964 |
| Dec 2024 | $93,037 |
| Dec 2023 | $84,643 |
| Dec 2022 | $87,920 |
| Dec 2021 | $71,644 |
| Dec 2020 | $60,667 |
| Dec 2019 | $55,227 |
| Dec 2018 | $52,163 |
| Dec 2017 | $38,627 |
| Dec 2016 | $35,728 |
| Dec 2015 | $34,750 |
| Dec 2014 | $29,906 |
| Dec 2013 | $28,924 |
| Dec 2012 | $33,877 |
Over five years, Gary prices changed +25.0%.
Source: Zillow Research · Last updated 09/01/2026
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
Fair Market Rents, FY2027
HUD rent standard for Gary, IN HUD Metro FMR Area
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,117 | +16.5% |
| 1 bedroom | $1,176 | +8.7% |
| 2 bedrooms | $1,429 | +8.5% |
| 3 bedrooms | $1,739 | +7.9% |
| 4 bedrooms | $1,898 | +8.8% |
Frequently asked questions
- What is the typical home value in Gary, IN?
- The typical home value in Gary is $87,485 (Zillow Home Value Index, Sep 2026). The Indiana median is $218,200.
- How much is rent in Gary?
- The median rent in Gary is $1,367 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,429.
- Are home prices going up in Gary?
- The typical home value in Gary changed -0.9% over one year and +25.0% over five years, as of Sep 2026.
- How does Gary compare with the rest of Indiana?
- Gary has the 325th highest median home value of 351 cities and towns with 1,000+ residents in Indiana.
- Which ZIP code in Gary has the highest home values?
- ZIP code 46403 has the highest median home value at $177,600, and 46407 has the lowest at $60,200.