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These days, finding an affordable place to live in the Gary area can be challenging. Home prices in Gary are now at a median cost of $101,416, lower than the Indiana average of $232,932.
The average cost of rent is $1,062/mo in Gary, primarily driven by the current value of real estate in the Gary area. In Gary, 49.54% of households rent, and 62.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gary is $3,622 per month. Households that rent pay about 29.33% of their income on rent here. Gary’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New Chicago, IN: higher priced homes
- Lake Station, IN: higher priced homes
- Griffith, IN: higher priced homes
- Hobart, IN: higher priced homes
- Merrillville, IN: higher priced homes
- Highland, IN: higher priced homes
- East Chicago, IN: higher priced homes
- Hammond, IN: higher priced homes
- Schererville, IN: higher priced homes
- Portage, IN: higher priced homes
Cities with Similar Populations
- Rocklin, CA: higher priced homes
- Redlands, CA: higher priced homes
- Fort Pierce, FL: higher priced homes
- Ankeny, IA: higher priced homes
- Wake Forest, NC: higher priced homes
- Tonawanda, NY: higher priced homes
- Rockville, MD: higher priced homes
- Poinciana, FL: higher priced homes
- New Britain, CT: higher priced homes
- Mount Vernon, NY: higher priced homes
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