46409 — Gary, IN Home Values
Typical home value $76,968 as of June 2026 · 378th of 380 in Chicago-Naperville-Elgin, IL-IN-WI
Blue: typical home value (Zillow ZHVI) in ZIP code 46409, June 2021 to June 2026. This page shows observed data only; no forecast.
How 46409 compares in the Chicago-Naperville-Elgin, IL-IN-WI area
ZIP code 46409 (Gary, IN) has a typical home value of $76,968 as of June 2026, ranking 378th of 380 ZIP codes tracked in the Chicago-Naperville-Elgin, IL-IN-WI area, more expensive than about 1% of ZIP codes in the metro. Prices here have moved -6.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +24.7%, from $61,726 in June 2021 to $76,968 in June 2026. Against observed rent, the typical home here sells for 4.8× the annual rent ($1,349/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 46409 has a population of 7,072, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 72.3% Black or African American, 12.9% Hispanic or Latino, 9% White, 5.6% two or more races, and 0.2% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Gary Virtual Academy | 1800 E 35th Ave, Gary, IN | 0.7 mi |
| Gary Career Center | 1800 E 35th Ave, Gary, IN | 0.7 mi |
| Bailly Middle School | 4621 Georgia St, Gary, IN | 0.9 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 46409?
$76,968 as of June 2026, the latest month Zillow has published observed data for.
Is 46409 an expensive ZIP code in the Chicago-Naperville-Elgin, IL-IN-WI area?
46409 ranks 378th of 380 ZIP codes in the Chicago-Naperville-Elgin, IL-IN-WI area by typical home value, more expensive than about 1% of ZIP codes in the metro.
How much have home values in 46409 changed over the past year?
-6.4% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 46409?
The typical home price is 4.8× the observed annual rent in this ZIP code ($1,349/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 46409?
7,072, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 46409?
Gary Virtual Academy (0.7 mi), Gary Career Center (0.7 mi), Bailly Middle School (0.9 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 46409?
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.