The story of this market
The typical home in ZIP 46403 sells for about $194,250, or $135 per square foot.
Prices are down 11.05% from a year ago, which gives buyers more room to negotiate. Homes take about 54 days to sell. HUD's fair market rent for a two-bedroom is $966 a month.
ZIP 46403 — Gary
The 46403 market is currently characterized by a balance between affordable entry-level pricing and a slower sales velocity compared to broader regional trends. While year-over-year pricing shows a contraction, the area maintains steady demand for its unique lifestyle assets, particularly near the lakeshore, making it a distinct niche within the wider Gary housing landscape.
Fits investors seeking cash-flow properties and those attracted to the affordability and unique natural environment of the Miller Beach area.
Median prices moved down 11.1% year over year.
Homes spend a median of 54 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 11.4% · poverty 24.3% — elevated distress and economic pressure.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46403, Lake County IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Gary Community School Corporation and several charter options; school performance and district stability are critical considerations for family buyers.
FEMA National Risk Index for Lake County is Relatively High, with coldwave, tornado, and inland flooding identified as primary natural hazards.
Miller Beach remains a focal point for aesthetic and lifestyle investment, leveraging proximity to Indiana Dunes National Park.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Located with access to major regional transit corridors, providing connectivity to the broader Chicago-Naperville-Elgin metro area.
High amenity density including Marquette Park, Miller Beach, Lake Street Beach, and access to the Indiana Dunes National Lakeshore.
A significant renter share reflects demand for accessible housing options, with rents seeing gradual year-over-year increases.
Industry mix is tied to regional industrial history and current efforts in local redevelopment and tourism centered on lakeshore assets.
Ongoing focus on residential revitalization and maintenance of historic infrastructure; specific project pipelines are handled at the municipal level.
Parcels are subject to Lake County tax levies and specific municipal service districts.
Property insurance posture is influenced by the proximity to the lakeshore and county-wide hazard risk profiles.
Data retrieved from data.census.gov
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Deep River Waterpark4.310.4 mi
- Ninja Kidz Action Park Hammond, IN4.911.2 mi
- Up Your Alley3.914 mi
- Urban Air Trampoline and Adventure Park4.410.5 mi
- Sky Zone Schererville4.213.9 mi
- County Line Orchard4.36 mi
- Lighthouse Restaurant4.719.5 mi
- The American Factory by Journeyman Distillery4.114.3 mi
- Porter County Fairgrounds4.517.2 mi
- Lake County Fairgrounds4.616.2 mi
- Indiana Dunes National Park4.610.6 mi
- Indiana Dunes State Park4.711.4 mi
- Emagine Portage4.66.5 mi
- Deep River Waterpark4.310.4 mi
- Ninja Kidz Action Park Hammond, IN4.911.2 mi
- South Shore Cultural Center4.619.1 mi
- Pullman National Historical Park4.719.1 mi
- Michigan City East Pierhead Lighthouse4.819.2 mi
- 1933 Chicago World's Fair Century of Progress Homes4.613.7 mi
- Old Lighthouse Museum4.619.3 mi
- Indiana Dunes National Park4.610.6 mi
- Indiana Dunes State Park4.711.4 mi
- Indiana Dunes National Park West Beach Bath House4.62.3 mi
- Portage Lakefront & Riverwalk4.63.9 mi
- Wicker Memorial Park4.612.4 mi
- Hammond Marina4.414.4 mi
- Crowley's Yacht Yard LLC4.416.6 mi
- East Chicago Marina4.410 mi
- Pier 11 Marina4.618.2 mi
- Marina Shores at Dune Harbor4.63.9 mi
- Wicker Memorial Park4.612.4 mi
- Innsbrook Country Club4.610.1 mi
- Sand Creek Country Club4.611.6 mi
- Scherwood Golf4.312.8 mi
- Creekside Golf Course and Training Center4.412.8 mi
- Southlake Mall4.110.9 mi
- Meijer4.211.5 mi
- Meijer4.35.8 mi
- Johnson's Farm Produce4.34.8 mi
- America's Antique Mall - Highland4.411.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional park featuring beach access and historic structures.
A popular lakeshore destination within the ZIP.
Provides extensive outdoor recreation and natural trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.