Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Gary

Learn about the people, housing, costs and businesses in Gary, Texas

Median Home$146,300
Median Rent$1,090/month
Population367
Leading IndustriesManufacturing · Agriculture & Mining · Information & Media15% manufacturing
Home Value Growth⬆⬆+20.8% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners85% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Gary City
TX

Frequently Asked Questions

What are today's mortgage rates in Gary?

As of today, the 30-year fixed mortgage rate for Gary is approximately 6.921% (6.958% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Gary
What is the median home price in Gary?

The median home value in Gary is $146k. The median monthly rent is $1,090. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gary?

Home values in Gary have increased 20.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Gary?

Based on a typical all-in ownership cost of $622/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gary is $66k/year.

Calculate your buying power
What industries drive the economy in Gary?

The largest employment sectors in Gary are public administration (23%) and agriculture and mining (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.