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Single Family ResidenceResidential
$242,193$85 / 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 94How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $231,000 on Aug 3, 2023

5120 MADISON ST

GARY, IN 46408
3
Beds
3
Baths
2,850 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.
0.14 ac
Lot SizeThe size of the land the home sits on, from county records.
1970
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
7
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

$242K
$229K low$256K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$231,000 · Aug 3, 2023

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$888 (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.$173,700 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$11,400
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$162,300
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$166,400
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$173,700

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
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.2020
Lot (acres)The size of the land the home sits on, from county records.0.14
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
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

Transaction History(1)

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.

E
Glen Park AcademyF
Elementary · Grades KG–5 · 0.2 mi
M
Bailly STEM AcademyF
Middle · Grades 6–8 · 1.1 mi
H
West Side Leadership Academy
High · Grades 9–12 · 5.9 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

5120 Madison 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 more than 98% of homes in Gary 46408
  • Costs less per square foot than 82% of homes in Lake County
  • Bigger than 95% of homes in Gary 46408
  • Has a smaller lot than 67% of homes in Lake County
  • Newer than 97% of homes in Gary 46408

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
$25K$243K

This home is worth more than 98% 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$242,193
CheaperTypical $108,700Pricier

Pricier than 98% of homes nearby

Price per ft²$85
CheaperTypical $79Pricier

Pricier than 55% of homes nearby

Living area2,850 ft²
SmallerTypical 1,394 ft²Bigger

Bigger than 95% of homes nearby

Lot size0.14 ac
SmallerTypical 0.14 acBigger

Bigger than 49% of homes nearby

Year built1970
OlderTypical 1947Newer

Newer than 97% of homes nearby

How 5120 Madison St ranks against every home in each area.
MeasureThis homeGary 46408Lake County
Estimated valuepricier than$242,19398% of homes48% of homes
Price per ft²pricier than$8555% of homes18% of homes
Living areabigger than2,850 ft²95% of homes86% of homes
Lot sizebigger than0.14 ac49% of homes33% of homes
Year builtnewer than197097% of homes58% of homes

About 5120 Madison St

How much is 5120 Madison St, Gary, IN worth?

The TopHap Estimate for 5120 Madison St, Gary, IN is $242,193 as of Sep 24, 2026. The likely range is $228,564 to $255,822. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5120 Madison St, Gary, IN last sell?

5120 Madison St, Gary, IN last sold on Aug 3, 2023 for $231,000, according to the county's recorded deed.

How big is 5120 Madison St, Gary, IN?

5120 Madison St, Gary, IN has 3 bedrooms, 3 bathrooms, 2,850 square feet of living space and a 0.14-acre lot.

When was 5120 Madison St, Gary, IN built?

5120 Madison St, Gary, IN was built in 1970, making it 56 years old. The building has 2 stories.

What schools serve 5120 Madison St, Gary, IN?

5120 Madison St, Gary, IN is assigned to Glen Park Academy (elementary), rated F; Bailly STEM Academy (middle), rated F; West Side Leadership Academy (high). All sit in Gary Community School Corporation. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5120 Madison St, Gary, IN compare to other homes in Gary 46408?

Among the 6,266 homes in Gary 46408, it is worth more than 98% of them ($242,193 against a typical $108,700), its price per square foot is higher than 55% of them ($85 against a typical $79), it is bigger than 95% of them (2,850 ft² against a typical 1,394 ft²), its lot is bigger than 49% of them (0.14 ac against a typical 0.14 ac) and it is newer than 97% of them (1970 against a typical 1947). Measured against all of Lake County, it is worth more than 48% 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 5120 Madison St, Gary, IN?

The 2024 property tax bill for 5120 Madison St, Gary, IN was $888. The county assessed it at $173,700.

More homes on Madison St

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Assigned schools

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