Housing in Gary, IN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$125,000
Median List Price
$92,499
Price Per Sq Ft
$72
Days on Market
56
Active Inventory
232
Months of Supply
5.3
Balanced market
Zillow Home Value
$83,682
ZHVI — January 2026
Zillow Rent Index
$1,316
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
13.6%
Off Market in 2 Weeks
33.9%
Sale-to-List Ratio
91.9%
Buyer's market
Market Activity
Source: RedfinHomes Sold
44
New Listings
80
Pending Sales
56
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$72
Median List $/SF
$69
Gary vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Gary is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$85,300
Median Rent
$975
Total Housing Units
37,963
Vacancy Rate
27.7%
Owner Occupied
47.4%
Renter Occupied
52.6%
Median Property Tax
$936
per year
Monthly Cost (w/ Mortgage)
$684
Housing Types
The current median sale price in Gary, IN is $125,000 according to Redfin data. Homes spend a median of 56 days on the market. 13.6% of homes sold above asking price. The market has 5.3 months of supply. The median price per square foot is $72. Zillow's observed rent index is $1,316/month. About 47.4% of housing units are owner-occupied. The median year homes were built is 1957. There are 37,963 total housing units.