Investment Properties for Sale in Gary, IN
237- 2 Bed
- 1 Bath
- 1344 sft
462- 2 Bed
- 1 Bath
- 816 sft
677- 3 Bed
- 2 Bath
- 1520 sft
909- 3 Bed
- 3 Bath
- 3796 sft
Why Invest in Gary, Indiana?
Gary, Indiana offers strong investment potential with a balanced rental market and low vacancy rates. The economy has recovered strongly post-COVID, supporting steady job and household growth. Rental vacancy is at 7.7%, with apartment rents averaging $1,132 and 3% growth recently. Demand for 940 new rental units is projected through 2026, backed by low sales vacancy of 1.2%. Investors benefit from slightly tight sales conditions and forecasted household growth of 0.6% annually. Cap rates remain attractive amid moderating employment gains of 0.6% yearly.
Frequently Asked Questions
The rental vacancy rate is 7.7% as of April 2023, indicating balanced conditions. Apartment vacancy is slightly tighter at 4.9%. Demand supports 940 new rental units through 2026.
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