Gary, IN Real Estate
According to census data in the year 2000 there were 43,630 housing units in Gary.
This represents a 7.3% decline from 47,082 in 1990.
Of those housing units, 43,630 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Gary is about 55.9%.
Gary's vacancy rate, including seasonal lodging, is about 12.3%.
Average household size is 2.66 people.
The majority of houses, apartments or condos in Gary were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 12.10% |
| Two Bedrooms | 36% |
| Three Bedrooms | 37.60% |
| Four Bedrooms | 9.40% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $53,400 |
| Median Price asked for vacant units | $34,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $361 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8.40% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 46.30% |
| Debt Free | 37.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.5% |
