ZIP Code 46404 — Gary, IN Home Prices (2026)
The typical home in ZIP 46404 (Gary, Indiana) is worth about $97,000 at roughly $94 per square foot — 23% more expensive than the Gary median and 67% more affordable than the typical U.S. home.
How 46404 compares
ZIP 46404 is one of the pricier ZIP codes in Gary: its typical home value of $97,000 ranks #3 of the 7 Gary ZIP codes we track (the citywide range runs from $57,000 in 46407 to $151,000 in 46403). Per square foot it costs about $94, against $94 for Gary as a whole, $155 for Indiana, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 46404 | $97,000 | $94 |
| Gary, IN | $79,000 | $94 |
| Indiana | $237,000 | $155 |
| United States | $294,000 | $195 |
Home value by size in 46404
Using this ZIP’s rate of about $94 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $94,000 |
| 1,500 sq ft | $141,000 |
| 2,000 sq ft | $188,000 |
| 2,500 sq ft | $235,000 |
| 3,000 sq ft | $282,000 |
Salary needed to buy a home in ZIP 46404
To buy the typical $97,000 home in ZIP 46404 with 20% down, you need a household income of roughly $26,000 a year (about $620 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $31,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $4,900 | $770/mo | $33,000/yr |
| 10% (+PMI) | $9,700 | $730/mo | $31,000/yr |
| 20% | $19,400 | $620/mo | $26,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 46404
At about $94 per square foot, here is roughly how much home different budgets get you in ZIP 46404:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1600 sq ft | above the median — larger homes or the pricier ZIPs |
| $200k | 2130 sq ft | above the median — larger homes or the pricier ZIPs |
| $250k | 2660 sq ft | above the median — larger homes or the pricier ZIPs |
| $300k | 3190 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 46404 home.
Estimate a specific home in 46404
The estimator below is pre-set to ZIP 46404 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Gary ZIP codes by home value
Where 46404 sits among Gary’s 7 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 46403 | $151,000 | $135 |
| 2 | 46408 | $111,000 | $104 |
| 3 | 46404 (this page) | $97,000 | $94 |
| 4 | 46406 | $79,000 | $105 |
| 5 | 46409 | $76,000 | $79 |
| 6 | 46402 | $62,000 | $61 |
| 7 | 46407 | $57,000 | $72 |
ZIP 46404 home prices: frequently asked
What is the average home price in ZIP code 46404? +
What is the price per square foot in 46404? +
What salary do you need to buy a house in ZIP 46404? +
Is 46404 an expensive ZIP code? +
See the full Gary home values page, all Indiana cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.