Gary, Indiana. Yes, I’m Serious.
I think this is a market that's going under the radar right now. Here are sourced facts on why you should take a closer look:
- Gary’s quality-adjusted asking rents were approximately $1,374 in July 2026, up 6.4% year over year. Two-bedroom rents average roughly $1,100 in Gary versus $2,000 in Chicago. Zillow · Chicago · Gary
- U.S. Steel completed the $350 million Gary Works blast furnace reline and plans to restart the Gary Tin Mill, creating approximately 225 jobs. Reline · Tin Mill
- Gary is adding logistics and aviation capacity through a $60 million FedEx center, a $12 million airport hangar, and other airport improvements. FedEx · Airport
- The Bears are focused on potential stadium development in nearby Hammond. Chicago Bears
Gary is following in the footsteps of other successful urban revitalizations like Detroit and Cleveland, and bolstered by serious long-term industry commitments.
Have any out of state investors taken a closer look at Gary? How does it compare to where you normally invest?