46404 — Gary, IN Home Values
Typical home value $101,923 as of June 2026 · 375th of 380 in Chicago-Naperville-Elgin, IL-IN-WI
Blue: typical home value (Zillow ZHVI) in ZIP code 46404, June 2021 to June 2026. This page shows observed data only; no forecast.
How 46404 compares in the Chicago-Naperville-Elgin, IL-IN-WI area
ZIP code 46404 (Gary, IN) has a typical home value of $101,923 as of June 2026, ranking 375th of 380 ZIP codes tracked in the Chicago-Naperville-Elgin, IL-IN-WI area, more expensive than about 2% of ZIP codes in the metro. Prices here have moved +3.3% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +31.9%, from $77,293 in June 2021 to $101,923 in June 2026. Against observed rent, the typical home here sells for 5.9× the annual rent ($1,435/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Chicago-Naperville-Elgin, IL-IN-WI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Chicago.
Population and demographics
ZIP code 46404 has a population of 16,846, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 92.2% Black or African American, 5.1% Hispanic or Latino, 1.8% two or more races, 0.6% White, 0.2% Asian, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Frankie Woods McCullough Academy | 1110 W 21st Ave, Gary, IN | 0.6 mi |
| Beveridge Elementary School | 1234 Cleveland St, Gary, IN | 0.7 mi |
| Aspire Charter Academy | 4900 W 15th Ave, Gary, IN | 1.2 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 46404?
$101,923 as of June 2026, the latest month Zillow has published observed data for.
Is 46404 an expensive ZIP code in the Chicago-Naperville-Elgin, IL-IN-WI area?
46404 ranks 375th of 380 ZIP codes in the Chicago-Naperville-Elgin, IL-IN-WI area by typical home value, more expensive than about 2% of ZIP codes in the metro.
How much have home values in 46404 changed over the past year?
+3.3% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 46404?
The typical home price is 5.9× the observed annual rent in this ZIP code ($1,435/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 46404?
16,846, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 46404?
Frankie Woods McCullough Academy (0.6 mi), Beveridge Elementary School (0.7 mi), Aspire Charter Academy (1.2 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 46404?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Chicago-Naperville-Elgin, IL-IN-WI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.