46403, Gary, IN

Gary, Indiana is a city located in the southeastern part of the United States. The population of Gary was estimated to be around 80,000 as of July 1, 2016. Gary has a median household income of $42,000 and a median home value of $130,000. Gary's home equity and home prices are both relatively high when compared to other cities in the United States.

Gary's home equity is high because it has a low rate of unemployment and an influx of new businesses and residents. Home prices are also high in Gary because there is limited land available for development and the city has maintained its historical character. There are several factors that contribute to these high home values in Gary: strong economy, low crime rates, excellent schools, and proximity to major metropolitan areas such as Chicago and Indianapolis.

Despite these positive factors, there are some challenges that face homeowners in Gary. One issue is that the city's zoning laws restrict the amount of housing that can be built which drives up prices for homes that are available for purchase. Another challenge faced by homeowners in Gary is that interest rates have been historically low which makes it difficult to borrow money against their homes' value to finance improvements or purchases. Despite these challenges, homeownership remains an important part of the American Dream and continues to be one of the most important factors contributing to stability and prosperity in communities across America