Home values, rents and more in ZIP code 46407 (Gary, IN)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 46407 in ProMap- Under $72k
- $72k–$89k
- $89k–$120k
- $120k–$170k
- $170k+
- No data
How 46407 compares
The typical home in ZIP code 46407 (Gary, IN) is worth about $57,428, according to the Zillow Home Value Index for September 2026. Home values in 46407 are 84% below the typical value in the Chicago metro area ($356,000) and 84% below the U.S. typical value ($366,000).
Over the past year, home values in 46407 fell 1.5%, compared with +5.0% in the Chicago metro area and +1.2% nationally.
Typical rent is $1,272 a month (Zillow Observed Rent Index), 41% below the Chicago metro area ($2,163) and 34% below the U.S. ($1,932).
The median household income is $28,526, against $90,887 in the Chicago metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 8,577 people live in 46407 (American Community Survey 2020–24).
46407 has the lowest typical home value of the 367 ZIP codes in the Chicago metro area and the lowest of 697 in Indiana with Zillow figures.
Part of: Gary, IN · Lake County, IN · Chicago metro area · Indiana
More for 46407 in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- Crime rates
- School test scores
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby ZIP codes
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.