The story of this market
The typical home in ZIP 46401 sells for about $125,000, or $95 per square foot.
Prices are down 3.8% from a year ago, which gives buyers more room to negotiate. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,012 a month.
This ZIP has no home sales of its own, so its market figures come from Gary, Indiana (city-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 46401 — Gary
ZIP 46401 is a non-residential postal facility in Gary, Indiana, and does not contain a housing market. Consequently, all residential market metrics such as median price, sales volume, and demographic data are null or zero. The provided rent figure represents a HUD Small Area Fair Market Rent designation for voucher administration purposes rather than a local residential rental market.
This ZIP code is a non-residential postal facility and does not serve as a housing market for residents.
Median prices moved down 3.8% year over year.
Homes spend a median of 58 days on market with 5.3 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.88% of asking — demand is running ahead of supply.
Awaiting this reading — not graded.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
This ZIP is a special-use postal facility and does not support a residential rental market.
This ZIP code serves as the main post office and mail processing facility for Gary, Indiana.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.