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City-owned Homes And Land in Gary, IN

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Gary, IN Foreclosures

How much do homes sell for in Gary, IN?
The average home price is currently $123,906.
In Gary, IN, how many homes are available?
There are currently 478 active home listings available in Gary.
What’s the average rental cost in Gary, IN?
The average rental price in Gary is $978.
What is the most expensive home in Gary?
The most expensive home sold in Gary had a price of $6,352,564.
What is currently the cheapest priced home in Gary, IN?
The cheapest home for sale in Gary is priced at $10,082.

Living in Gary, IN

Gary, Indiana, offers a blend of urban convenience and suburban charm, with a rich history in steel production and a vibrant community. The city features various parks, cultural attractions, and excellent transportation links to Chicago, making it a compelling choice for residents looking for affordability and accessibility.

Current Market Conditions in Gary, IN

Gary's real estate market is gradually improving, with an increase in home sales and rising property values as the city revitalizes. Buyers can find a range of housing options from historic homes to new constructions, appealing to both investors and first-time buyers alike.

The area is attracting new businesses and investments, which has a positive impact on the housing market. With ongoing development projects, there is an increasing demand for residential properties as more people recognize the potential of Gary as a desirable place to live.

Home Value Estimator For Gary, IN

There are currently 34,616 real estate properties in Gary, IN, with a median automated valuation model (AVM) price of $103,254.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gary, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Gary, IN, is $123,906.00, with the most expensive house in Gary, IN, topping out at $6,352,564.00 and the cheapest home in Gary, IN, clocking in at $10,082.00. In other words, there’s something for every potential homebuyer or savvy investor in Gary, IN!

Rent Prices In Gary, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gary, IN, is on a rollercoaster ride. The average rent price in Gary, IN, is $978.00. Indeed, when looking to rent in Gary, IN, you can expect to pay as little as $610.00 or as much as $2,740.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Gary, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Gary, IN City-owned Homes And Land

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