Skip to content
Skip to content
TopHapOpen in map
Single Family ResidenceResidential
$162,143$127 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 81How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026

3242 W 40TH PL

GARY, IN 46408
2
Beds
1
Baths
1,275 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.53 ac
Lot SizeThe size of the land the home sits on, from county records.
1951
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
4
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$162K
$132K low$193K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,225 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$127,300 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$20,200
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$107,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$117,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$127,300

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyLake
Lot (acres)The size of the land the home sits on, from county records.0.53
ConstructionThe main material the home's frame and walls are built from.Brick
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Raised (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 120 ft²

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Lake Ridge New Tech Middle SchoolC-
Middle · Grades 5–8 · 0.3 mi
H
Calumet New Tech High SchoolC-
High · Grades 9–12 · 1.6 mi
E
Longfellow New Tech Elementary SchoolD-
Elementary · Grades KG–4 · 1.8 mi

District: Lake Ridge Schools

Neighborhood · ZIP 46408These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.152
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.105
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.39

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.82%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.8.1%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.25%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.15,433
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,581 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$45,667
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$57,120
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.38 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.60%

Owner Tools

Do you own this home?
Claim this home

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

3242 W 40th Pl measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 83% of homes in Gary 46408
  • Costs more per square foot than 88% of homes in Gary 46408
  • Smaller than 72% of homes in Lake County
  • Has a bigger lot than 89% of homes in Gary 46408
  • Older than 69% of homes in Lake County

What homes are worth in Gary 46408

Each bar is how many homes fall in that price range. The marker is this home.

This home
$23K$243K

This home is worth more than 83% of homes in Gary 46408.

How it measures up in Gary 46408

The dot is this home. The mark in the middle is the typical home in Gary 46408.

Estimated value$162,143
CheaperTypical $104,095Pricier

Pricier than 83% of homes nearby

Price per ft²$127
CheaperTypical $76Pricier

Pricier than 88% of homes nearby

Living area1,275 ft²
SmallerTypical 1,352 ft²Bigger

Bigger than 46% of homes nearby

Lot size0.53 ac
SmallerTypical 0.14 acBigger

Bigger than 89% of homes nearby

Year built1951
OlderTypical 1948Newer

Newer than 68% of homes nearby

How 3242 W 40th Pl ranks against every home in each area.
MeasureThis homeGary 46408Lake County
Estimated valuepricier than$162,14383% of homes26% of homes
Price per ft²pricier than$12788% of homes35% of homes
Living areabigger than1,275 ft²46% of homes28% of homes
Lot sizebigger than0.53 ac89% of homes89% of homes
Year builtnewer than195168% of homes31% of homes

About 3242 W 40th Pl

How much is 3242 W 40th Pl, Gary, IN worth?

The TopHap Estimate for 3242 W 40th Pl, Gary, IN is $162,143 as of Aug 30, 2026. The likely range is $131,599 to $192,687. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 3242 W 40th Pl, Gary, IN last sell?

3242 W 40th Pl, Gary, IN last sold on Aug 29, 2023, according to the county's recorded deed.

How big is 3242 W 40th Pl, Gary, IN?

3242 W 40th Pl, Gary, IN has 2 bedrooms, 1 bathrooms, 1,275 square feet of living space and a 0.53-acre lot.

When was 3242 W 40th Pl, Gary, IN built?

3242 W 40th Pl, Gary, IN was built in 1951, making it 75 years old. The building has 1 story.

What schools serve 3242 W 40th Pl, Gary, IN?

3242 W 40th Pl, Gary, IN is assigned to Lake Ridge New Tech Middle School (middle), rated C-; Calumet New Tech High School (high), rated C-; Longfellow New Tech Elementary School (elementary), rated D-. All sit in Lake Ridge Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 3242 W 40th Pl, Gary, IN compare to other homes in Gary 46408?

Among the 6,271 homes in Gary 46408, it is worth more than 83% of them ($162,143 against a typical $104,095), its price per square foot is higher than 88% of them ($127 against a typical $76), it is bigger than 46% of them (1,275 ft² against a typical 1,352 ft²), its lot is bigger than 89% of them (0.53 ac against a typical 0.14 ac) and it is newer than 68% of them (1951 against a typical 1948). Measured against all of Lake County, it is worth more than 26% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 3242 W 40th Pl, Gary, IN?

The 2024 property tax bill for 3242 W 40th Pl, Gary, IN was $1,225. The county assessed it at $127,300.

More homes on W 40th Pl

Closest homes

More homes in Gary 46408

Assigned schools

Explore the area

See this home in context

Open 3242 W 40th Pl on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map