46408, Gary, IN

The 46408 zip code of Gary, IN has a median home value of $101,000 and a median home equity value of $111,000. The city has a population of just over 100,000 people and is located in the heart of the Midwest. Gary was founded in 1851 and is known for its steel mills and automobile manufacturing. The city's economy has been diversified over the years and now includes a number of high-tech businesses.

The housing market in Gary has been strong over the past few years. In 2016, the median home value increased by 5% year-over-year to reach $101,000. This increase was driven by both single family homes and condos/townhomes. In 2017, the median home value increased by another 5% to reach $101,500. This trend is likely to continue in 2018 as more homes are sold in Gary than ever before.

One reason for this strong market growth is that there are plenty of homes available for sale in Gary. In 2017, there were 2,814 homes for sale compared to 2,527 homes available at the same time last year. This increase in inventory can be attributed to several factors including an increasing population ( Gary's population grew by 3% from 2016-2017), low interest rates (the Federal Reserve has kept interest rates low since 2015), and strong economic conditions across the country (more jobs means more people who can afford to buy a house).

Despite this strong market growth, prices remain relatively affordable when compared to other major cities across America such as San Francisco or Seattle. The median home equity value in Gary is just under $111K which makes it one of the most affordable markets in America when looking at both price and equity values*. Additionally, mortgage rates remain very low which makes buying a house even more affordable*.* According to Zillow*, mortgage rates averaged 4% throughout 2018 which is much lower than average rates across all 50 states*.

therefore concludes that while there may be some competition from other cities due to its affordability relative to others places on earth; overall;the housing market continues to grow strongly within Garyand offers great opportunities for those lookingto purchase their firsthomeor investinpropertyneartheircurrentlocation