46406, Gary, IN

The 46406 zip code of Gary, IN has a median home value of $146,000. This is lower than the Indiana median home value of $179,500. The 46406 zip code also has a lower than average percentage of homeowners with a mortgage at 66%. This is higher than the Indiana percentage of homeowners with a mortgage at 62%.

The 46406 zip code has seen an increase in home equity over the past five years. In 2012, the median home equity was $122,000. By 2016, this had increased to $146,000. This indicates that there are more homes in the 46406 zip code that are worth more than their original purchase price. Additionally, there have been increases in home prices throughout the United States over this same time period. As a result, it is likely that homes in the 46406 zip code are worth more now than they were five years ago.