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Gary, IN
Full City Profile · Indiana · Lake County County
2.5
/5.0
C+
Fair
68,604
Population
1,374/sq mi density
$37,380
Median Income
$22,700 per capita
$85,300
Home Value
$86,170 Zillow
$975
Median Rent
34.8% income on rent
50°F
Avg Temperature
275 sunny days/yr
554
Violent Crime/100K
3,556 property/100K
C+
Overall
2.5 / 5.0
Fair overall score based on economy, affordability, safety and education
D
Economy
1.9 / 5.0
$37,380 median income, 6.6% unemployment
A+
Affordability
5.0 / 5.0
$85,300 home value, $975/mo rent
F
Safety
1.0 / 5.0
554 violent crimes/100K (46% above avg)
C
Education
2.1 / 5.0
14.3% bachelor's degree or higher
Housing Overview
Median Home Value
$85,300
70% below
US avg: $281,900
Median Rent
$975/mo
16% below
US avg: $1,163/mo
Homeownership Rate
47.4%
28% below US avg (65.4%)
Total Housing Units
38,575
Median year built: 1956
Home Value by Source
Census Median
$85,300
Zillow (ZHVI)
$86,170
Median Sale Price
$102,450
Median List Price
$139,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
47.4%
Owner-Occupied
52.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$975/mo
· Zillow rent:
$1,307/mo
Market Indicators (Redfin)
Median Days on Market
38 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
52
Price Drops
34.7%
of listings with price reduction
Price Per Sq Ft
$80
Active Inventory
228
homes for sale
Affordability & Housing Stock
Rent Burden
34.8%
of renters spending 30%+ of income on housing
12% above US avg (31.0%)
Median Year Built
1956
Average age of housing stock: 70 years
Homeownership Rate
47.4%
Complete Housing Data
Home Values
| Census Median Value | $85,300 |
| Zillow Home Value (ZHVI) | $86,170 |
| Median Sale Price | $102,450 |
| Median List Price | $139,000 |
| Price Per Sq Ft | $80 |
Rent
| Census Median Rent | $975 |
| Zillow Rent (ZORI) | $1,307 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
| Days on Market | 38 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 34.7% |
| Homes Sold | 52 |
| Active Inventory | 228 |
| Price Per Sq Ft | $80 |
Ownership & Stock
| Owner-Occupied | 47.4% |
| Renter-Occupied | 52.6% |
| Homeownership Rate | 47.4% |
| Total Housing Units | 38,575 |
| Median Year Built | 1956 |
| Rent Burden | 34.8% |