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Single Family ResidenceResidential
$61,906$79 / 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 58How 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

4061 MONROE ST

GARY, IN 46408
1
Beds
1
Baths
780 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.
0.13 ac
Lot SizeThe size of the land the home sits on, from county records.
1949
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

$62K
$36K low$88K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,053 (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.$88,000 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$7,100
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$80,900
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$40,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$88,000

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.15 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

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.0.13
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.Above-Ground Pool
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 72 ft²

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

M
Bailly STEM AcademyC-
Middle · Grades 6–8 · 1.1 mi
E
Glen Park AcademyD+
Elementary · Grades KG–5 · 1.1 mi
H
West Side Leadership AcademyF
High · Grades 9–12 · 4.8 mi

District: Gary Community School Corporation

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%

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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

4061 Monroe St 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 less than 95% of homes in Lake County
  • Costs less per square foot than 84% of homes in Lake County
  • Smaller than 96% of homes in Lake County
  • Has a smaller lot than 78% of homes in Lake County
  • Older than 72% 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
$22K$246K

This home is worth more than 19% 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$61,906
CheaperTypical $103,710Pricier

Pricier than 19% of homes nearby

Price per ft²$79
CheaperTypical $77Pricier

Pricier than 52% of homes nearby

Living area780 ft²
SmallerTypical 1,344 ft²Bigger

Bigger than 9% of homes nearby

Lot size0.13 ac
SmallerTypical 0.14 acBigger

Bigger than 38% of homes nearby

Year built1949
OlderTypical 1948Newer

Newer than 60% of homes nearby

How 4061 Monroe St ranks against every home in each area.
MeasureThis homeGary 46408Lake County
Estimated valuepricier than$61,90619% of homes5% of homes
Price per ft²pricier than$7952% of homes16% of homes
Living areabigger than780 ft²9% of homes4% of homes
Lot sizebigger than0.13 ac38% of homes22% of homes
Year builtnewer than194960% of homes28% of homes

About 4061 Monroe St

How much is 4061 Monroe St, Gary, IN worth?

The TopHap Estimate for 4061 Monroe St, Gary, IN is $61,906 as of Aug 30, 2026. The likely range is $36,069 to $87,743. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 4061 Monroe St, Gary, IN?

4061 Monroe St, Gary, IN has 1 bedrooms, 1 bathrooms, 780 square feet of living space and a 0.13-acre lot.

When was 4061 Monroe St, Gary, IN built?

4061 Monroe St, Gary, IN was built in 1949, making it 77 years old. The building has 1 story.

What schools serve 4061 Monroe St, Gary, IN?

4061 Monroe St, Gary, IN is assigned to Bailly STEM Academy (middle), rated C-; Glen Park Academy (elementary), rated D+; West Side Leadership Academy (high), rated F. All sit in Gary Community School Corporation. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 4061 Monroe St, Gary, IN compare to other homes in Gary 46408?

Among the 6,272 homes in Gary 46408, it is worth more than 19% of them ($61,906 against a typical $103,710), its price per square foot is higher than 52% of them ($79 against a typical $77), it is bigger than 9% of them (780 ft² against a typical 1,344 ft²), its lot is bigger than 38% of them (0.13 ac against a typical 0.14 ac) and it is newer than 60% of them (1949 against a typical 1948). Measured against all of Lake County, it is worth more than 5% 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 4061 Monroe St, Gary, IN?

The 2024 property tax bill for 4061 Monroe St, Gary, IN was $1,053. The county assessed it at $88,000.

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