City

GARY, IN

Chicago-Naperville-Elgin, IL-IN-WI

Median home value: $84K (-6.5% YoY). Rent: $1,316/mo. Price-to-rent: 5.3x. Part of Chicago-Naperville-Elgin, IL-IN-WI.

Limited Data

Basic Zillow data only. For stress scores, AI analysis, and trends, Chicago-Naperville-Elgin, IL-IN-WI metro page.

Home Value$83,682
-6.5%
Rent$1,316/mo
AFFORDABILITY

Enter your income for Gary.

$16,736 on $83,682
Affordable — 9.5% of income

Under the 28% guideline.

PITI$594
P/I9.5%
Afford$247K
Room+$163K
P&I $401Tax $59Ins $133
Buying $722/mo cheaper ($1,316 rent)6.00% 30yr, 20% down, county tax + IN ins. 28% per HUD.
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Gary Housing Market | CrashWatch