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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 $173,851, lower than the Minnesota average of $345,793.
The average cost of rent is $733/mo in Gary, primarily driven by the current value of real estate in the Gary area. In Gary, 8.84% of households rent, and 53.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gary is $7,376 per month. Households that rent pay about 9.94% of their income on rent here. Gary’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Twin Valley, MN: less expensive homes
- Heiberg, MN: less expensive homes
- Rindal, MN: higher priced homes
- Fossum, MN: less expensive homes
- Fertile, MN: equally priced homes
- Ada, MN: less expensive homes
- Lockhart, MN: less expensive homes
- Bejou, MN: equally priced homes
- Syre, MN: higher priced homes
- Borup, MN: less expensive homes
Cities with Similar Populations
- Dull, TN: higher priced homes
- Watters, PA: higher priced homes
- Watova, OK: higher priced homes
- Watertown, MI: equally priced homes
- Water View, VA: higher priced homes
- University at Buffalo, NY: higher priced homes
- Twin, AL: less expensive homes
- Trudie, GA: less expensive homes
- Eldorado Springs, CO: higher priced homes
- Ebony, VA: equally priced homes
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