Español

Este sitio también está en español. Leer en español

City · 6,076 residents · Grant County, Indiana

Gas City , Indiana

In Gas City, a typical home is worth $119,300 and typical rent is $901 a month. Compared with all of Grant County, typical rent is 6% higher.

WhatsApp

  • Typical home value

    $119,300

    2% below the county

    45% below Indiana

    • Gas City
    • Grant
    • Indiana

  • Typical rent

    $901a month

    6% above the county

    15% below Indiana

    • Gas City
    • Grant
    • Indiana

  • Typical household income

    $55,982a year

    5% above the county

    22% below Indiana

    • Gas City
    • Grant
    • Indiana

  • Households that own their home

    72%

    1 points below the county

    1 points above Indiana

    • Gas City
    • Grant
    • Indiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$159,271
2.4% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Gas City is in Grant County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Grant County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Gas City apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Hartford City, the typical home value is $83,400: 30% less than in Gas City ($119,300).

  2. Nearby, in Hartford City, the typical rent is $730: 19% less than in Gas City ($901).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Gas City

What homes there are in Gas City, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Gas City, 9 in 10 homes are single-family detached houses; in Grant County, 8.

Year built

By age, homes in Gas City look like those in Grant County: the typical year built is 1965.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,020 a month

Grant County: $1,096 a month

Without a mortgage

$389 a month

Grant County: $451 a month

Owners with a mortgage

69%

Grant County: 58%

Owning costs less in Gas City: with a mortgage, the typical cost is $1,020 a month; in Grant County, $1,096. Without one, $389.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Gas City rose 35% since 2015–2019, about the same as in Grant County (32%).

The typical rent in Gas City stayed about the same over that time: the difference is within the Census margin of error.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureGas CityGrant CountyIndianaUnited States
Rental vacancy Unreliable estimate5.9%5.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate1.9%1.8%3.4%
People per household 2.202.282.462.53
Drive alone 81%75%76%69%
Carpool Unreliable estimate10%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate6%2%3%
Work from home Unreliable estimate8%11%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

By size, households in Gas City look like those in Grant County: 2.20 people on average.

To get to work, 81% of workers in Gas City drive alone; in Grant County, 75%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Gas City?

A typical home is within reach of the typical income

We start with a typical home in Gas City, worth $119,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 21% of the typical household income in Gas City, which is $55,982 a year.

The calculator's FHA and conventional loan limits are those of all of Grant County.

Your numbers

Local data
$

Starts at the typical home value in Gas City. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,176 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$968

at 7.18% · 30 years

Loan amount
$117,139
Total interest
$168,535
Paid off in
November 2056

Includes $2,015 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,306 a month

    Your payment · 21%

  • Tight

    $1,306 to $1,679 a month

  • Hard

    more than $1,679 a month

Compared with the typical household income in Gas City ($55,982 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$968
Principal & interest$794
Property tax$72
Home insurance$50
FHA mortgage insurance (MIP)$53

You need at least $4,176 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Gas City and Grant County

Gas City is in Grant County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Gas City's own numbers

Typical home value
$119,300
Typical monthly rent
$901
Typical yearly household income
$55,982
Households that own their home
72%
Effective property tax rate
0.72%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Grant County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+57%
Homes in a high flood-risk zone
1.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Grant County.

Everything about Grant County

Buying

Buying a home in Gas City

A typical home in Gas City is worth $119,300: 2% below the county and 45% below Indiana. With the typical household income in Gas City ($55,982 a year), a typical home costs 2.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Gas City 2.1 years
  • Grant 2.3 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Grant County

According to FHFA’s house price index, home prices in Grant County rose 87% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Grant County.

Period County Indiana U.S.
Last year (2025) +6.8% +4.3% +2.9%
5 years (2020–2025) +57% +53% +47%
10 years (2015–2025) +87% +95% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Gas City next to Grant County, Indiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Gas City $119,300
  • Grant $122,300
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Gas City $901
  • Grant $853
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Gas City $55,982
  • Grant $53,522
  • Indiana $71,957
  • United States $80,734
See the full table
Gas City next to Grant County and Indiana
Measure Gas City Grant County Indiana U.S.
Typical home value $119,300 $122,300 $218,200 $332,700
Typical monthly rent $901 $853 $1,062 $1,413
Typical yearly household income $55,982 $53,522 $71,957 $80,734
Households that own their home 72% 73% 71% 65%
Typical yearly property tax $863 $884 $1,614 $3,119
Effective property tax rate 0.72% 0.72% 0.74% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Grant County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Gas City

For a typical $119,300 home in Gas City, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Gas City's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $968a month

    Least cash to close
    Down payment
    $4,176
    Cash to close
    $7,755
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $53

  • Conventional, 5% down $946a month

    Down payment
    $5,965
    Cash to close
    $9,544
    Rate
    7.18%
    Mortgage insurance
    PMI · $57

  • Conventional, 20% down, no PMI $768a month

    Down payment
    $23,860
    Cash to close
    $27,439
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $878a month

    Down payment
    $17,895
    Cash to close
    $21,474
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Gas City and for Grant County.

Property tax

Effective rate in Gas City

0.72%of the home’s value each year

$863 a year for the typical owner in Gas City.

  • Gas City 0.72%
  • Grant 0.72%
  • Indiana 0.74%

What Indiana publishes Homestead standard deduction: the amount drops each year (Indiana Department of Local Government Finance (DLGF), Form HC10)

Exemptions and deadlines in Indiana

Flood risk in Grant County

FEMA does not publish these numbers by city: they are for all of Grant County.

Homes in the high-risk zone
1.4%
388
Of those, with NFIP insurance
11%
County Indiana U.S.
Homes in the high-risk zone 1.4% 2.3% 3.5%
Of those, with NFIP insurance 11% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Gas City

Typical rent in Gas City is $901 a month: 6% above the county.

HUD publishes a fair market rent for all of Grant County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 an hour working full time.

HUD fair market rent for all of Grant County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $748 $14.38 $29,920
1 bedroom $804 $15.46 $32,160
2 bedrooms $1,014 $19.50 $40,560
3 bedrooms $1,329 $25.56 $53,160
4 bedrooms $1,488 $28.62 $59,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Gas City

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Gas City is in ZIP code 46933.

For 2 bedrooms it is $1,040: $26 more than the fair market rent for Grant County ($1,014).

  • 46933 $1,040$1,360

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Gas City when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Gas City

HUD lists 2 buildings with rents for lower incomes in Gas City. These are the largest.

  • Gas City School Apts 400 E South A St, Gas City 46933 19 low-income homes · 1 bd: 14 · 2 bd: 5 · In service since 2005 · For older adults, people with disabilities
  • Fairview Apts 301 S 10th St, Gas City 46933 66 homes

See all 22 buildings in Grant County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Gas City

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Grant County; none says it serves in Spanish.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Gas City

No down payment, repair or rent-help program on our list is for Gas City or Grant County. The ones below are statewide in Indiana: they work in Gas City the same as in the rest of the state.

Which programs do I qualify for? All programs in Indiana

  • Next Home

    Statewide in Indiana

    Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Type not stated

    See the program Official page

  • First Step

    Statewide in Indiana

    Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Deferred

    See the program Official page

Housing counselors near Gas City

The HUD-approved agencies closest to the center of Gas City, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • The Affordable Housing Corporation of Marion, Indiana

    812 S Washington St, Marion · 6 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (765) 662-1574

  • Pathstone Corporation - Indiana

    420 S High St Ste 101, Muncie · 23 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 5 more
    (765) 286-2162

  • Transition Resources - Pendleton

    600 Corporation Dr Ste 105, Pendleton · 35 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (866) 844-8556

Every agency in Grant County All counseling agencies in Indiana

Help in Spanish near Gas City

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Gas City

In HUD’s record, no housing authority with an office in Grant County is named for Gas City or Grant County.

One other authority has an office in Grant County: see the list Source: HUD

Cities

Other cities in Grant County

These cities are also in Grant County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Grant County Housing in Indiana

Nearby cities

The cities closest to Gas City, with the typical home value.

Neighboring counties

If Grant County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Gas City.

All guides
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Gas City

Short answers with the numbers for Gas City and all of Grant County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Gas City?

The typical home value in Gas City is $119,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Grant County it is $122,300.

How much does it cost to rent in Gas City?

Typical rent in Gas City is $901 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Grant County is $1,014.

What is the FHA loan limit in Gas City?

Gas City uses the FHA limit for all of Grant County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Gas City?

The typical homeowner in Gas City pays $863 a year, according to the U.S. Census Bureau. That is 0.72% of the home’s value; in Grant County, the rate is 0.72%.

Where can I find free help to buy or rent in Gas City?

There is 1 HUD-approved counseling agency with an office in Grant County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).