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Single Family ResidenceResidential
$154,614$124 / 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 84How 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

540 S HANCOCK ST

GARY, IN 46403
2
Beds
1
Baths
1,242 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.
0.21 ac
Lot SizeThe size of the land the home sits on, from county records.
1954
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$155K
$130K low$179K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,179 (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.$130,500 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$15,500
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$115,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$132,900
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$130,500

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.3 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.0.21
ConstructionThe main material the home's frame and walls are built from.Brick
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

Transaction History(4)

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

Foreclosure Filings(3)

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

E
Banneker at Marquette Elementary SchoolC+
Elementary · Grades KG–5 · 0.8 mi
M
Gary Middle School for the Visual and Preforming ArtsD+
Middle · Grades 6–8 · 1.2 mi
H
West Side Leadership AcademyF
High · Grades 9–12 · 7.3 mi

District: Gary Community School Corporation

Neighborhood · ZIP 46403These 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.157
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.104
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.31

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.83%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.15%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.26%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.11,913
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,008 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$50,652
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$67,512
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

540 S Hancock 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 76% of homes in Lake County
  • Costs less per square foot than 66% of homes in Lake County
  • Smaller than 74% of homes in Lake County
  • Has a bigger lot than 76% of homes in Gary 46403

What homes are worth in Gary 46403

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

This home
$46K$724K

This home is worth more than 47% of homes in Gary 46403.

How it measures up in Gary 46403

The dot is this home. The mark in the middle is the typical home in Gary 46403.

Estimated value$154,614
CheaperTypical $168,932Pricier

Pricier than 47% of homes nearby

Price per ft²$124
CheaperTypical $115Pricier

Pricier than 55% of homes nearby

Living area1,242 ft²
SmallerTypical 1,446 ft²Bigger

Bigger than 42% of homes nearby

Lot size0.21 ac
SmallerTypical 0.16 acBigger

Bigger than 76% of homes nearby

Year built1954
OlderTypical 1955Newer

Newer than 47% of homes nearby

How 540 S Hancock St ranks against every home in each area.
MeasureThis homeGary 46403Lake County
Estimated valuepricier than$154,61447% of homes24% of homes
Price per ft²pricier than$12455% of homes34% of homes
Living areabigger than1,242 ft²42% of homes26% of homes
Lot sizebigger than0.21 ac76% of homes55% of homes
Year builtnewer than195447% of homes37% of homes

About 540 S Hancock St

How much is 540 S Hancock St, Gary, IN worth?

The TopHap Estimate for 540 S Hancock St, Gary, IN is $154,614 as of Sep 24, 2026. The likely range is $130,487 to $178,741. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 540 S Hancock St, Gary, IN last sell?

540 S Hancock St, Gary, IN last sold on Oct 11, 2005, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 540 S Hancock St, Gary, IN?

540 S Hancock St, Gary, IN has 2 bedrooms, 1 bathrooms, 1,242 square feet of living space and a 0.21-acre lot.

When was 540 S Hancock St, Gary, IN built?

540 S Hancock St, Gary, IN was built in 1954, making it 72 years old. The building has 1 story.

What schools serve 540 S Hancock St, Gary, IN?

540 S Hancock St, Gary, IN is assigned to Banneker at Marquette Elementary School (elementary), rated C+; Gary Middle School for the Visual and Preforming Arts (middle), 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 540 S Hancock St, Gary, IN compare to other homes in Gary 46403?

Among the 4,499 homes in Gary 46403, it is worth more than 47% of them ($154,614 against a typical $168,932), its price per square foot is higher than 55% of them ($124 against a typical $115), it is bigger than 42% of them (1,242 ft² against a typical 1,446 ft²), its lot is bigger than 76% of them (0.21 ac against a typical 0.16 ac) and it is newer than 47% of them (1954 against a typical 1955). Measured against all of Lake County, it is worth more than 24% 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 540 S Hancock St, Gary, IN?

The 2024 property tax bill for 540 S Hancock St, Gary, IN was $3,179. The county assessed it at $130,500.

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