According to statistics, the population in Gary, IN amounts to 77,416, which shows decline -1% compared to the previous year. The median age of the city’s residents is 39. The average household income is $29,293, shifting growth 1% from the past year, and the average property value in Gary, IN growth 1% to $66,300 throughout the year.
|Number Of Employees||26,006|
|Median Property Value||$66,300|
The average household income in Gary, IN grew from $28,895 to $29,293 in the past year. This data is an estimate based upon 31,534 households in Gary, IN . The chart below presents how household income is distributed in Gary, IN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Gary, IN shifted from $65,400 to $66,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Gary, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Gary, IN properties falls in the '$60,000 to $69,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Gary, IN compared to median property taxes around the country. The prevalent amount of property taxes in Gary, IN equals $800, which is less than the national average.
|Apartment Size||Sep||vs Last Month|
|1 bed apartments||$60,000||N/A|
|2 bed apartments||$132,943||+120.5%|
|3 bed apartments||$94,674||-0.3%|
|4+ bed apartments||$114,949||-66.6%|
During Sep 2021, the average price for an apartment in/near Gary, IN increased by 7.2% to $101,014.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $60,000 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $132,943. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $94,674. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $114,949 for a big-family home.
|Listing Type||Sep||vs Last Month|
|Houses for sale||$101,014||+13.9%|
|Apartments for sale||$174,500||N/A|
While assessing the property pricing Gary, IN, you can note that it remains flat with a price tag of $174,500. According to statistics, average house is still $101,014 with no significant changes this month.
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