Gary, IN Real Estate

According to census data in the year 2000 there were 43,630 housing units in Gary. This represents a 7.3% decline from 47,082 in 1990.

Of those housing units, 43,630 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Gary is about 55.9%. Gary's vacancy rate, including seasonal lodging, is about 12.3%. Average household size is 2.66 people.

The majority of houses, apartments or condos in Gary were built after 1956.


Housing Size

Housing Units by Size
Studio Type2%
One Bedroom12.10%
Two Bedrooms36%
Three Bedrooms37.60%
Four Bedrooms9.40%
Five Bedrooms or more2.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.62
Median year structure was built1954
Median Value of occupied units$53,400
Median Price asked for vacant units$34,100

Rented Homes, Apartments and Condos

Average Household Size2.72
Median year structure was built1959
Median Monthly Rent asked for vacant units$361

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage8.40%
Home Equity Loan7.50%
Simple Mortgage46.30%
Debt Free37.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.5%