Emerson, Gary, IN
Emerson — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Emerson, Gary, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Emerson Neighborhood Overview
Emerson is a residential neighborhood located in the central area of Gary, Indiana. It offers a quiet, community-focused atmosphere for its residents. The area is characterized by its modest single-family homes and proximity to major city corridors.
Lifestyle & Amenities
Residents have access to local parks and community spaces for recreation and gatherings. The neighborhood is served by nearby commercial strips providing essential shopping and services. Its central Gary location allows for relatively easy access to broader regional amenities.
Real Estate Market
The Emerson housing market is one of the most affordable in the region, with a median home value of approximately $69,400. The median monthly rent is $847, and the homeownership rate is 42%. This market presents a low barrier to entry for first-time homebuyers and investors.
Schools & Education
The neighborhood is served by the Gary Community School Corporation. Families in Emerson have access to the public schools within this district. The specific performance and programs of individual schools vary.
Transportation & Connectivity
Emerson is well-connected by major roads, including Interstate 80/94 to the south, facilitating regional travel. Public transportation options are available through the local bus system. The neighborhood's layout primarily caters to residents who rely on personal vehicles.
Why Choose Emerson
Emerson appeals to those seeking an affordable, no-frills entry into homeownership in Northwest Indiana. Its central location provides practical access to Gary and the greater Chicago region. The neighborhood represents a community with strong potential for residents investing in its future.
Emerson Market Data
| Metric | Value |
|---|---|
| Median Home Price | $69K |
| Median Gross Rent | $847/mo |
| Median Household Income | $26K |
| Homeownership Rate | 42.1% |
| Renter-Occupied | 57.9% |
| Rental Vacancy Rate | 11.7% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 46402 |
| 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 Emerson, Gary
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Emerson, 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