46402, Gary, IN

Gary, Indiana is a city located in the southeastern region of the United States. Gary has a population of over 100,000 people and is home to several major corporations including 3M and Motorola. The city's economy is based on manufacturing, services, and trade. Gary's largest employer is the United Steelworkers Union which has a workforce of over 10,000 people.

The 46402 zip code covers much of eastern Gary including many neighborhoods that have seen significant gentrification in recent years. Median home values in this area increased by nearly 60% from 2007 to 2016 according to Zillow data. This rapid appreciation has led to some challenges for homeowners who are now struggling to pay off their mortgages while also maintaining their homes. In addition, rising home prices have created an opportunity for investors who are looking to purchase homes as an investment vehicle.

Despite these challenges, homeownership remains an important part of the Gary economy and there are many opportunities for residents to buy or rent homes in this area. Home equity plays an important role in residents' lives and can provide them with access to financial resources that they may not have otherwise had access to. In addition, homeownership provides stability and security during times of economic uncertainty which is something that many residents appreciate.