Black Oak, Gary, IN
Black Oak — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Black Oak, Gary, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Black Oak Neighborhood Overview
Black Oak is a residential neighborhood located in the western part of Gary, Indiana. It is a community with a strong sense of local identity, situated near major transportation corridors. The area provides residents with a more suburban feel within the larger city framework.
Lifestyle & Amenities
Residents have convenient access to essential shopping and dining options along nearby U.S. Route 41. The neighborhood is in proximity to natural areas, including the Gibson Woods Nature Preserve for outdoor recreation. Daily needs are typically met by local businesses and larger retail centers a short drive away.
Real Estate Market
The real estate market in Black Oak is characterized by its affordability, with a U.S. Census median home value of $66,300. This presents a significant opportunity for first-time homebuyers and investors seeking value in the Gary area. Housing primarily consists of single-family homes built during the mid-20th century.
Schools & Education
Schools serving the Black Oak area are part of the Gary Community School Corporation. Families have access to local public elementary, middle, and high school options. For higher education, several colleges and universities are located within a reasonable commuting distance.
Transportation & Connectivity
Black Oak is exceptionally well-connected by major roadways, including Interstate 80/94 and U.S. Route 41, facilitating easy regional travel. The neighborhood offers a straightforward commute to Chicago and other parts of Northwest Indiana. Public transportation options are available through the local bus service network.
Why Choose Black Oak
Black Oak appeals to those seeking an affordable, no-frills community with excellent highway access. Its median household income of $34,550 reflects a working-class neighborhood where homeownership is within reach. The combination of location, affordability, and a quiet residential atmosphere makes it a practical choice for many.
Black Oak Market Data
| Metric | Value |
|---|---|
| Median Home Price | $66K |
| Median Gross Rent | $959/mo |
| Median Household Income | $35K |
| Homeownership Rate | 49.0% |
| Renter-Occupied | 51.0% |
| Rental Vacancy Rate | 8.2% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 46406 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Black Oak, Gary
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Black Oak, Gary, IN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12