Median listing price
: $39,900 Comparably priced car
: Ford Expedition ($39,900) Housing price change (year over year)
: – 7.5% Median household income
: $27,367 Unemployment
In Gary, as in most other troubled housing markets, employment or rather the lack of opportunities holds the key to its housing recovery. The current high unemployment rate is not a blip unfortunately — Gary has 3% fewer jobs than it did a decade ago, according to Trulia. Much of the local population lives at some of the nation’s lowest income levels as 46.5% earn under $25,000 annually according to Census economic data. Such data suggest that local businesses may have trouble leading the city of recession.
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: Fastest-Growing Cities in America America's Sickest Housing Markets Best Cities for Millennials The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.