| ZIP Code | 46407 |
|---|---|
| City | Gary |
| State | Indiana (IN) |
| County | Lake County |
| Area Code | 219 |
| Elevation | 603 ft |
| Latitude | 41.578413 |
|---|---|
| Longitude | -87.330432 |
| Timezone | Indiana/Indianapolis (DST) |
| FIPS | 18089 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.2 yrs |
|---|---|
| Avg Household Size | 2.24 |
| Below Poverty | 38.2% ▲ 282% above avg |
| College Grads | 24.7% ▼ 36% below avg |
| Unemployment | 13.8% ▲ 181% above avg |
| No HS Diploma | 34 (0.7%) |
| HS Graduate | 2,373 (45.6%) |
| Some College | 738 (14.2%) |
| Associates | 773 (14.9%) |
| Bachelors | 628 (12.1%) |
| Graduate Degree | 657 (12.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $25,551 ▼ 67% below avg |
|---|---|
| Median Home Value | $55,000 ▼ 80% below avg ↑ 9% since 2019 |
| Home/Income Ratio | 2.2x (nat avg ~3.5x) |
| Median Rent | $807/mo ↑ 13% since 2019 |
| Total Units | 6,644 |
| Vacant Units | 2,723 |
| Avg HH Size | 2.24 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 6,644 |
|---|---|
| Vacant | 2,723 |
| Owner Occupied | 44.4% |
| Renter Occupied | 55.6% |
| Avg HH Size | 2.24 |
ZIP code 46407 is located in Gary, Indiana, within Lake County. With a population of 8,889, this is a lightly populated ZIP code with a middle-aged community — the median age is 38.2 years. Economically, 46407 is a lower-income ZIP code: the median household income of $25,551 is well below the national average.
Real estate in ZIP code 46407 represents one of the more affordable housing markets in the country. The median home value of $55,000 is well below the national average. Renters can expect to pay around $807 per month in median rent. The area has a relatively balanced mix of owners (44.4%) and renters (55.6%). Median home values have increased by 9% since 2019.
The population of 46407 is primarily Black (91.15%). Residents are less-educated — 24.7% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 38.2%.
The unemployment rate in 46407 stands at 13.8%, which is more than double the national average. As in most parts of the country, driving alone is the dominant commute mode at 69%.
Overall, ZIP code 46407 in Gary, IN is characterized as lower-income, less-educated, and a middle-aged community. With 8,889 residents, a median household income of $25,551, and a median home value of $55,000, it offers a clear picture of life in this part of Indiana.