Frequently Asked Questions

Are house prices dropping in Gary?

The house prices in Gary are indeed dropping at the moment. There has been a decrease in price of $33,000.00. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

What is the housing market like in Gary at this time?

The housing market and house prices in Gary are going down. The average house price is $123,450.00 and the average price per square feet is $91.48 per square foot. At the moment, there are 353 homes listed - 248 active, 102 pending, and 3 sold in Gary.

What is the most popular place to buy a house in Gary?

The most popular place to buy a home in Gary is null. null has the most properties listed and appears to have the highest demand.

What is the amount of property taxes you have to pay for a house in Gary?

The average amount of property taxes you would have to pay for a home in Gary is $878.36. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.

How fast are houses listed in Gary being sold?

Properties in Gary stay on the market for an average of 53 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.

How often are houses listed for sale in Gary?

The last home listed in Gary was 84 minutes ago.

Can you visit houses in Gary?

Currently, there are 0 open houses available for viewing in Gary.

What is the most expensive house in Gary?

The cost of the most expensive home in Gary is $799,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.

What is the cheapest house in Gary?

The cost of the cheapest home in Gary is $6,499.00. Buying a cheaper home can keep payments low and leave room for customization.

How old are the homes in Gary?

The oldest home in Gary was built in 1906, and the newest in 2026.

How big are the homes in Gary?

The average property size in Gary is 1404.54 sq.ft., the largest being 4608 sq.ft., and the smallest being 0 sq.ft.

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Property Details

Total Sq. Ft.:

1, 928

Directions:

Clay St. To 13th Ave. W. To Benton St. N.

Interior Features

Entrance Foyer

Heat

Forced Air, Natural Gas

Tax and Financial Info

Tax Year:

2023

Quick View

Address:

1240 Benton Street Gary IN 46403

Status:

Pending

On Site:

168 Days On Site

Price:

$80, 000

Bedrooms:

3 Beds

Bathrooms:

1 Full Baths

Sq. Feet:

1, 928

Year Built:

1950

Lot Size:

0.167

County:

Lake

Township:

Calumet

MLS #:

824429

Property Type:

Single Family Residence

Community Information

City:

Gary

Subdivision:

Aetna Manor 02

Zip Code:

46403

Rooms

Type	Dimensions	Level
Living Room	-
Kitchen	-
Dining Room	-
Primary Bedroom	-
Bedroom 2	-
Bedroom 3	-

Pending

$80,000

$5,000 on 05/01/2026

3 Beds

1 Baths

1,928 Sq. Ft.

1240 Benton Street, Gary, IN, 46403

Est. Payments: $0/mo

Residential

Built in 1950

168 days on Site

0.167 Lot Size

Forced Air, Natural Gas

Additional Details

Contact Agent

Jeff Safrin

F.C. Tucker Company, Inc.

(219) 309-9930

View Profile

Description

Bring your vision and transform this 3 bedroom, 1 bath home into something special! With tons of potential, this property is perfect for investors, DIY enthusiasts, or anyone looking to customize their own space. This fixer-upper is a fantastic opportunity to build equity and create value....

Source: NIRA as distributed by MLS GRID, MLS ID: 824429

Listing provided courtesy of Manuel Hernandez (219) 200-5733 with Simplify Your Move! Realty Inc

Last Updated: 6/22/2026 | 4:39 PM

Mortgage Calculator

Loan Price: 0/mo

Price & Interest: 0/mo

Property Tax: 0/mo

Mortgage Insurance: 0/mo

Home Insurance: 0/mo

Down Payment

Home Owner Insurance

/yr

Property taxes

/mo

HOA Fees

/mo

Loan Term (Years)

Interest Rate

Mortgage Insurance

About the Neighborhood

Gary offers a peaceful environment with quiet streets and close proximity to about 20 well-maintained parks, including Edison Park and Marquette Park, providing ample outdoor spaces to explore. The neighborhood features a substantial number of single detached homes, primarily with two or three bedrooms, reflecting a charming architectural style from mid-20th century construction. Residents benefit from easy access to major highways like I-80, facilitating convenient car travel. While public transit is limited, connections through the South Shore Line and nearby airport stations support regional mobility. The community includes several grocery stores and dining options, adding to its convenient local amenities.

Learn more about

Gary Market Report

Avg. Days on Market

Avg. Price Per Sq. Ft.

93.56

Median List Price

$129,950

Homes Listed

358