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5316 W 8th Ave, Gary, IN, 46406

2beds
1baths
936sqft
$20,000
$21price/sqft
$347/moest. monthly cost
$13,880/yrincome needed

About This Home

Property sold AS IS

Getting Around

35
WalkingCar-Dependent
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

3/10
4/10
1/10

Construction

Condition

  • Year built: 1947

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: None

Bedroom2

  • Area: 0
  • Dimensions: 0.0 x 0.0

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • None
  • Finished area above ground: 936

Heating

  • Heating features: None

Interior Area

  • Total structure area: 936
  • Total interior livable area: 936 sqft

Kitchen

  • Area: 0
  • Dimensions: 0.0 x 0.0

Living Room

  • Area: 0
  • Dimensions: 0.0 x 0.0

Primary Bedroom

  • Area: 0
  • Dimensions: 0.0 x 0.0

Property

Details

  • Parcel number: 450701451010000004
  • Special condition: None

Features

  • Levels: One
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 6,272 sqft
  • Features: Other

Parking

  • Total spaces: 1
  • Parking features: None
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Tornado
Cold Wave
Inland Flooding
Lightning
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $101$1,212
Home Insurance *$24$288
Property Taxes $38$456
Electricity $184$2,212
Total$347$4,164
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$11,897/yr
40% on housing$10,410/yr
45% on housing$9,253/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$21This listing

vs Other Active Listings

Avg $/sqft

ZIP 46406$59
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 46406$90
Lake County$150

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-16Listed for sale$20,000
2021-11-02Listing removed--
2021-08-04Listed for sale$23,000
2021-07-22Listing removed--
2021-07-18Listed for rent$550
2021-03-24Listing removed--
2019-09-06Listing removed$850
2019-08-06Listed for rent$850
2018-08-17Listing removed$750
2018-07-26Price change$750
2018-06-29Listed for rent$800
2018-02-21Listing removed$45,000
2017-11-23Listed for sale$45,000
2017-04-07Sold$500
2016-12-17Listing removed$35,000
2016-09-18Listed for sale$35,000
2016-07-01Listing removed$630
2016-05-19Listing removed$32,000
2016-04-17Price change$32,000
2016-04-10Listed for sale$71,000
2016-02-04Listing removed$33,000
2016-01-30Listed for sale$33,000
2016-01-11Listing removed$745
2016-01-09Price change$745
2015-12-16Price change$650
2015-12-08Listed for rent$700
2008-10-02Sold$5,000
2008-02-29Sold$42,780

For Sale by Agent

AgentMonika Teczar
BrokerageListing Leaders Lifestyles, LL

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