Home prices
Gary's median home cost is $66,100. In comparison to its surrounding areas this is about $56,460 (46%) lower.In comparison to the United States as a whole it is approximately $151,400 (69%) lower, and compared to the city of Chicago is roughly $191,900 (74%) lower.
Rents
Gary's median monthly rent is $785. This is about $185 (19%) lower in comparison to nearby areas.Compared to the United States as a whole it is about $277 (26%) lower, and it is roughly $327 (29%) lower in comparison to the city of Chicago.
Nearby places
Lake Station
Lake Station is Gary's neighbor to the east. The housing prices there are a little more expensive. The median home in Lake Station costs $84,400, which works out to $18,300 (21%) higher than Gary. Its rents are a bit more expensive. The median monthly rent in Lake Station is $953, which is $168 (17%) higher than Gary.
Griffith
Griffith is Gary's neighbor to the southwest. Real estate prices there are a lot more expensive. Griffith's median home value is $141,700, which is $75,600 (53%) higher than Gary. The rent there is somewhat more expensive. The median rent in Griffith is $919 per month, which works out to $134 (14%) higher than Gary.
Highland
Highland is Gary's neighbor to the southwest. Its housing prices are substantially more expensive. The median home cost in Highland is $161,100, which comes out to $95,000 (58%) higher than Gary. The rent there is somewhat more expensive. Highland's median rent is $1,106 per month, which is $321 (29%) higher than Gary.
Hobart
Hobart is Gary's neighbor to the southeast. Its real estate prices are substantially more expensive. The median home in Hobart is valued at $142,700, which comes out to $76,600 (53%) higher than Gary. Rents there are a little more expensive. Hobart's median monthly rent is $954, which is $169 (17%) higher than Gary.
New Chicago
New Chicago is about 3 miles southeast of Gary. Housing prices there are somewhat more expensive. The price of the median home in New Chicago is $82,900, which comes out to $16,800 (20%) higher than Gary. Rents there are a bit more expensive. New Chicago's median monthly rent is $920, which is $135 (14%) higher than Gary.
