Market Overview
Home Prices in Gary, SD
The median home value in Gary, SD is $463,064 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12.8% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gary are priced13% above average.
Over the past five years, Gary home values have risen by approximately40.3%, reflecting strong long-term appreciation in this market.
Price History
Gary Home Price Trend
2020
$274,873
$275K
—
2021
$330,170
$330K
+20.1%
2022
$402,067
$402K
+21.8%
2023
$392,641
$393K
-2.3%
2024
$402,581
$403K
+2.5%
2025
$410,584
$411K
+2.0%
2026
$463,064
$463K
+12.8%
City Comparison
Gary vs. National Median
🏠 Gary
$463,064
National Median
$410,000
At $463,064, homes in Gary cost 13% above the national median of $410,000. Buyers in Gary should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Gary?
20% Down Payment
$92,613
on $463,064
Monthly P&I
$2,415/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,067/mo
incl. taxes & insurance
Income Needed
$122,680
gross annual (30% rule)
10% Down Option
$46,306
+ PMI applies
Loan Amount (20% dn)
$370,451
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Gary, SD?
The median home value in Gary is $463,064 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12.8% year-over-year.
How much have home prices changed in Gary?
Over the past year, home values in Gary have increased by 12.8%. Over five years, prices have risen approximately 40.3%.
How much do I need to earn to buy a home in Gary?
To comfortably afford the median home price of $463,064 with a 20% down payment ($92,613) at today's rates (6.8%), you'd need a gross annual income of approximately $122,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Gary compare to the national average home price?
The national median home value is approximately $410,000. At $463,064, homes in Gary are 13% above the national average.