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ZIP Code · IN

ZIP 46409

Part of Gary, IN
Pop. 7,184·Lake County·74th most expensive ZIP in Indiana
Median rent (all units)
$1,349/mo
Year-over-Year
+1.4%
Month-over-Month
Stable
vs US Median
-$616
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 46409 · $1,349
More affordable than 84% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,030
1 BR
$1,160
2 BR
$1,410
3 BR
$1,730
4 BR+
$1,870
Research median
$1,410/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$16,188/yr
At $1,349/mo median
Location
CityGary
StateIN
CountyLake County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+1.4% YoY, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 46409 (Gary, IN) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 11.4% of residents hold a bachelor's degree or higher.

Population
7,184
Median income
$44,667
Median age
34.7
Renters
55.5%
Age distribution
27.3%
23.3%
23.5%
12.4%
13.5%
Under 1827.3%
18–3423.3%
35–5423.5%
55–6412.4%
65+13.5%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
65.1%
17.2%
White11.7%
Black65.1%
Hispanic17.2%
Other5.9%
Education (25+)
15.8%
38.2%
34.6%
No HS diploma15.8%
HS diploma38.2%
Some college34.6%
Bachelor's+11.4%
Housing tenure
44.5%
55.5%
Owner44.5%
Renter55.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 46409 in Gary, IN has changed in 5 years

Income
$33,591 → $44,667
up 33.0%
Population
6,986 → 7,184
up 2.8%
Renter share
55.3% → 55.5%
+0.2 pts
Bachelor's+
11.9% → 11.4%
-0.5 pts
Median age
37.1 → 34.7
-2.4 yrs

Household income in the area moved from $33,591 to $44,667 across the same window, up 33.0% versus 2021. The population has grown by 2.8% since 2021, moving from about 6,986 residents to roughly 7,184.

Community

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Local insights

Tips for renters in ZIP 46409

About renting in ZIP 46409

Last updated: July 20, 2026

ZIP code 46409 covers Gary, IN. The median rent here is $1,349/mo as of July 2026. A 1-bedroom rents for a median of $1,160/mo. A 2-bedroom rents for a median of $1,410/mo.

At 36% of local median household income ($44,667/yr), ZIP 46409 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 46409?

As of July 20, 2026, the median monthly rent in ZIP 46409 (Gary, IN) is $1,349. This is based on aggregated data from public sources and community submissions.

How does ZIP 46409 rent compare to the US average?

ZIP 46409's median rent of $1,349/mo is $616 (31%) below the US national median of $1,965/mo.

How does ZIP 46409 compare to other ZIPs in Indiana?

ZIP 46409 falls in the middle range for Indiana, ranking #74 out of 144 ZIPs at $1,349/mo.

How much income do you need to rent in ZIP 46409?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,349/mo in ZIP 46409. The local median household income is $44,667/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 46409?

Rent in ZIP 46409 has increased 1.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 46409 an affordable place to rent?

ZIP 46409 is considered moderate for renters. At $1,349/mo, rent takes approximately 36% of the local median household income ($44,667/yr). The standard benchmark is 30%. ZIP 46409 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 46409 residents rent vs. own?

According to Census data, approximately 55.5% of ZIP 46409 households are renters, while 44.5% are owner-occupied. With a majority renter population, ZIP 46409 has a strong rental market.

How does ZIP 46409 compare to the rest of Gary?

ZIP 46409 is more affordable than Gary overall. At $1,349/mo, it's $17 below the Gary citywide median of $1,366/mo.

When was rent data for ZIP 46409 last updated?

Rent data for ZIP 46409 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
36%
MODERATE

At $1,349/mo, rent takes ~36% of ZIP 46409's median household income ($44,667/yr). The standard benchmark is 30%.

ZIP 46409 36%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 46409 (Gary, IN)

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