3-digit ZIP regional index
Home appreciation in ZIP codes 464xxGary, IN area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 464 changed +4.1% over the year to Q2 2026, compared with +4.6% for Indiana and +3.0% for the United States.
The region covers ZIP codes 46402–46410. Most of its 2010 population lived in Lake County (100%). Communities in the region include Merrillville, Lake Station, Hobart, New Chicago, Griffith. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +4.1%
- 5-year change
- +40.8%
- Since Q1 1995
- +197%
- National rank (1 year)
- 376th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 464 vs Indiana and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 464: 296.8
- Indiana: 319.8
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 464 | IN | U.S. | Gap vs IN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +4.1% | +4.6% | +3.0% | −0.5 pts | +1.0 pts |
| 3 years | +14.7% | +16.2% | +12.9% | −1.5 pts | +1.9 pts |
| 5 years | +40.8% | +46.7% | +41.3% | −5.9 pts | −0.5 pts |
| 10 years | +89.9% | +104% | +93.3% | −13.7 pts | −3.4 pts |
| Since Q1 1995 | +197% | +220% | +292% | −23.0 pts | −94.7 pts |
If you bought in ZIP3 464 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +189% | $867,303 |
| Q2 2000 | +151% | $754,116 |
| Q2 2005 | +105% | $615,724 |
| Q2 2010 | +102% | $606,126 |
| Q2 2015 | +94.3% | $583,029 |
| Q2 2020 | +59.1% | $477,151 |
| Q2 2021 | +40.8% | $422,299 |
| Q2 2023 | +14.7% | $344,166 |
| Q2 2025 | +4.1% | $312,179 |
How ZIP3 464 ranks
Over the past year ZIP3 464 ranks 376th of 882 3-digit ZIP regions nationally and 13th of 20 in Indiana. Its one-year change is +1.0 pts versus the nation and −0.5 pts versus Indiana. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Indiana |
|---|---|---|
| 1 year | 376th of 882 | 13th of 20 |
| 3 years | 478th of 882 | 17th of 20 |
| 5 years | 556th of 882 | 16th of 20 |
| 10 years | 457th of 882 | 17th of 20 |
| Since Q1 1995 | 793rd of 879 | 19th of 20 |
Boom, bust, and recovery in ZIP3 464
ZIP3 464's index peaked in Q1 2008, fell 10.8% to its low in Q2 2012, and regained its peak in Q2 2017, about 9.2 years after the top. Today it sits +86.6% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| ZIP3 464 | Q1 2008 | Q2 2012 | -10.8% | Q2 2017 (9.2 yrs) | +86.6% |
| IN | Q1 2008 | Q2 2011 | -7.3% | Q3 2015 (7.5 yrs) | +110% |
| Metro | Q1 2008 | Q2 2012 | -10.8% | Q2 2017 (9.2 yrs) | +86.6% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 464's index has changed +34.1% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 464 after inflation | IN after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +0.2% | +0.7% | +0.2% | -0.8% |
| 3 years | +9.8% | +4.5% | +5.8% | +4.5% | +2.8% |
| 5 years | +24.0% | +13.5% | +18.3% | +13.5% | +13.9% |
| 10 years | +39.1% | +36.5% | +46.4% | +36.5% | +39.0% |
| Since Q1 1995 | +121% | +34.1% | +44.5% | +34.1% | +76.8% |
Estimate appreciation for a home in ZIP3 464
Regional estimate
$569,749
- Estimated gain
- $269,749
- Index change
- +89.92%
- Start index
- 156.29
- End index
- 296.82
ZIP3 464 (Gary, IN area), Q2 2016 to Q2 2026. Index type: MSA/MSAD Index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 463 · Hammond, IN area | IN | +4.3% | +42.1% | +201% |
| 608 · Cicero, IL area | IL | +5.0% | +42.3% | +183% |
| 604 · Joliet, IL area | IL | +5.5% | +44.5% | +162% |
| 606 · Chicago, IL area | IL | +7.0% | +38.5% | +270% |
| 603 · Oak Park, IL area | IL | +8.7% | +43.6% | +291% |
| 607 · Niles, IL area | IL | +7.8% | +39.1% | +199% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 296.82 |
| Q1 2026 | 294.67 |
| Q4 2025 | 288.96 |
| Q3 2025 | 287.63 |
| Q2 2025 | 285.24 |
| Q1 2025 | 278.45 |
| Q4 2024 | 279.68 |
| Q3 2024 | 275.64 |
| Q2 2024 | 271.76 |
| Q1 2024 | 266.64 |
| Q4 2023 | 263.11 |
| Q3 2023 | 265.21 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 464?
- Based on FHFA HPI® data for 3-digit ZIP region 464, the regional index changed +4.1% over the year to Q2 2026, +40.8% over five years, +89.9% over ten years, and +197% since Q1 1995.
- Is ZIP3 464 appreciating faster than Indiana and the U.S.?
- Over the past year the region's index +4.1% compares with +4.6% for Indiana and +3.0% for the U.S., a gap of +1.0 pts versus the nation. Over five years the gap versus the nation is −0.5 pts.
- Which ZIP codes are in 3-digit ZIP region 464?
- All ZIP codes that begin with 464. Census 2010 ZIP Code Tabulation Areas in this region run from 46402 to 46410 (9 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.