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Gary city, IN

ZIP 46403 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46403

Median Home Value
$154,800
Median Rent
$818
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$994/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

15.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 46403 in Gary city, IN, a household would need roughly $43,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $994. That is roughly in line with the local median household income ($44,114). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 22% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
47.5%-27% vs US avg
x
Vacancy Rate
21.6%+109% vs US avg
x
Broadband Access
77.5%-11% vs US avg
x
4+ Bedrooms
1.4%-91% vs US avg
x
Built Pre-1939
7.8%-39% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
27.4%-45% vs US avg
x
Mortgage-Free
43.7%+14% vs US avg
x
$154,800
Home Value
$818
Rent
1962
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached67.1%
  • 1-unit attached2.5%
  • 2-9 units8.8%
  • 10+ units20.9%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$154,800
Median rent$818
Owner-occupied47.5%
Vacant21.6%
Price-to-income3.5x
Est. income to buy$43,000