Median home value in zip code 46407 (Gary, IN) is $58K, down 6.1% year over year. Part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area.

Full stress scores, AI analysis, and 12-month forecast: Chicago-Naperville-Elgin, IL-IN-WI metro →

Home Value$57,919

YoY Change

-6.1%

AFFORDABILITY

Enter your income for 46407 (Gary).

Income (annual)

Down Payment

$11,584 on $57,919

Affordable — 8.4% of income

Under the 28% guideline.

PITI$528

P/I8.4%

Afford$192K

Room+$134K

P&I $293Tax $101Ins $133

6.50% 30yr, 20% down, county tax + IN ins. 28% per HUD.

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

Metro Analysis

46407 is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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

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