Land and home values in Gary, IN
Gary is a city in Lake County, Indiana, home to about 68,113 people. Residential land runs about $1.13 per sq ft, the typical home is worth about $106,000, and a 2-bedroom rents for about $806 a month, as of October 12, 2026.
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| Land: residential | $1.13 | per sq ft |
| Land: residential | $49,092 | per acre |
| Land: quarter-acre lot | $12,273 | 10,890 sq ft |
| Home: typical (median) | $106,000 | value |
| Home: entry-level | $39,800 | lower quartile |
| Home: upper-end | $131,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $648 | per month |
| Rent: 2-bedroom | $806 | per month |
| Rent: 3-bedroom | $965 | per month |
| Rent: 4-bedroom | $1,050 | per month |
| Gross yield, 2-bed | 9.1% | a year |
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Questions people ask
How much is land worth in Gary, IN?
Residential land in Gary, IN is about $1.13 per square foot, or $49,092 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $12,273. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Gary, IN?
The typical (median) home in Gary, IN is worth about $106,000, with entry-level homes around $39,800 and upper-end homes around $131,000, as of October 2026.
How much is rent in Gary, IN?
A 2-bedroom rents for about $806 a month in Gary, IN, a 1-bedroom about $648 and a 3-bedroom about $965 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.