Gary, IN 46401 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Gary, IN — 46401
Median Listing Price
--
Population
--
Households
195,130
Median Days on Market
--
Active Listings
--
New Listings
--
Housing Market
Units & Occupancy
2024 Occupancy
217K
units
Occupied
195,130
89.7%
Vacant
22,306
10.3%
2024 Tenure
195K
occupied
Owner
139,856
71.7%
Renter
55,274
28.3%
Renter Share
28.3%
-2.8% YoY
Total Housing Units
217,436
+0.5% YoY
FY2026 Fair Market Rent — Lake County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$959
/month
1 BR
$1,082
/month
2 BR
$1,317
/month
3 BR
$1,612
/month
4 BR
$1,744
/month
FMR Trends — Lake County
Source: HUD Fair Market Rents
County Demographics
Median Age
39.7
2024
Population
Lake County Population
502,955
+0.5% YoY
Households
Total Households
195,130
+0.9% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.54
-0.4% YoY
Age
2024 Age Mix
500K
residents
Under 18
115,840
23.2%
Adults 18–64
295,097
59.0%
65 & Over
89,442
17.9%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
115,840
-0.6% YoY
Population 65 & Over
89,442
+2.9% YoY
Median Age
39.70
+0.3% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
90.5%
Moved (within US)
9.3%
Other
0.2%
Veterans
5.8%
-3.3% YoY
County Economy
Income
Median Household Income
$71K
+3.6% YoY
Per-Capita Income
$37K
+3.6% YoY
Mean Household Income
$94K
+3.6% YoY
Poverty
Below Poverty Level
14.3%
-2.1% YoY
Transportation to Work
2024 Commute Mode
of workers
Drove alone
79.6%
Public transit
1.4%
Worked from home
8.2%
Other
10.8%
Worked From Home
8.2%
+13.9% YoY
Mean Commute
28.50
-1.0% YoY
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