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Foreclosures 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 $126,644.
In Gary, IN, how many homes are available?
There are currently 51 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 $6,480,327.
What is currently the cheapest priced home in Gary, IN?
The cheapest home for sale in Gary is priced at $10,012.

Living in Gary, IN

Gary, Indiana is a city rich in history and cultural diversity, located near beautiful Lake Michigan. It combines urban amenities with close proximity to nature, including parks and recreational facilities. Residents benefit from access to nearby Chicago and a variety of educational institutions, making it a great place to live and work.

Current Market Conditions in Gary, IN

The Gary real estate market is currently experiencing a recovery phase, with a modest increase in home prices due to rising demand as buyers seek affordable housing options near major urban centers like Chicago. The market shows signs of stabilization, with steady home sales and a gradual decline in inventory.

Investors are increasingly taking note of Gary as an emerging market for real estate, with several development projects underway that target both residential and commercial growth.

Home Value Estimator For Gary, IN

There are currently 34,986 real estate properties in Gary, IN, with a median automated valuation model (AVM) price of $106,247.00. 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 $126,644.00, with the most expensive house in Gary, IN, topping out at $6,480,327.00 and the cheapest home in Gary, IN, clocking in at $10,012.00. 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 Foreclosures

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