46404 Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

The median list price per square foot in 46404 is $26, which is lower than the Gary average of $31. The median price of homes currently listed in 46404 is $36,500 while the median price of homes that sold is $27,046. The median rent price in 46404 is $720, which is lower than the Gary median of $725.

Foreclosures will be a factor impacting home values in the next several years. In 46404 0.9 homes are foreclosed (per 10,000). This is greater than the Gary value of 0.3 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 46404 is 8.4%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 46404 homeowners underwater on their mortgage is 15.2%, which is lower than Gary at 17.6%.

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Relative ZHVI
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46404 Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $36,500 Median listing price
  • No recent data Median sale price
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46404 Market Health

Data through Aug 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 15.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
46375 $184,300 46322 $139,500 46319 $121,400
46410 $112,100 46323 $79,600 46324 $78,600
46403 $75,300 46408 $65,400 46406 $59,200

Listings & Sales

Data through Aug 31, 2014
  • $26 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 20.3% Listings with price cut
34.7%
Sold below listing
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46404 Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$766 46404
$754 Gary
$1,328 United States
  • 1.1 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $720 Rent list price (Jul 31, 2014)
  • $0.75 Rent list price / sq ft (Jul 31, 2014)
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