The median home in Gary, Indiana is valued at $83,682, down 6.5% year over year. Typical monthly rent is $1,316, producing a price-to-rent ratio of 5.3x — below the national average of 18x. Gary is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$83,682

-6.5%

Rent$1,316/mo

AFFORDABILITY

Enter your income for Gary.

Income (annual)

Down Payment

$16,736 on $83,682

Affordable — 9.9% of income

Under the 28% guideline.

PITI$616

P/I9.9%

Afford$238K

Room+$154K

P&I $423Tax $59Ins $133

Buying $700/mo cheaper ($1,316 rent)6.50% 30yr, 20% down, county tax + IN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Indiana

Compare Gary with other housing markets across Indiana.

Dune Acres$889K Clear Lake$747K Long Beach$720K Zionsville$661K Carmel$548K Michiana Shores$540K Ogden Dunes$467K Westfield$460K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

GARY, IN