Why Live in Black Oak
Black Oak, located in the southwest corner of Gary, Indiana, is a neighborhood with a mix of ranch-style homes, Cape Cods, and mobile homes, many surrounded by ample foliage and space. The Little Calumet River runs through the area, though residents should be cautious of contaminants in the water. The neighborhood's parks are managed by Lake County, with Late Etta County Park offering 112 acres of hiking trails, a fishing pier, and a canoe launch. Spring Park features an artesian well, and Seberger Park has a playground for children. The recent addition of Hard Rock Casino Northern Indiana brings potential economic growth and includes five restaurants, a gaming floor, and a concert venue showcasing national acts. Black Oak is conveniently located near Interstate 94, providing a direct route to downtown Chicago, 34 miles away, and Chicago-Midway International Airport, 30 miles away. Methodist Hospitals Midlake Campus and Indiana University Northwest are about 5 miles from the neighborhood. While some students attend local charter schools with average ratings, private education is available at Ambassador Christian Academy. The neighborhood has a mix of renovated homes and fixer-uppers, reflecting its status as a "flip community." Despite its growth, Black Oak faces environmental challenges, including the Superfund site at Lake Sandy Jo, which is under ongoing EPA monitoring.
Frequently Asked Questions
Is Black Oak a good place to live?
Black Oak is a good place to live. Black Oak is considered very car-dependent and somewhat bikeable. Black Oak is a suburban neighborhood. Black Oak has 6 parks for recreational activities. It is sparse in population with 0.9 people per acre and a median age of 39. The average household income is $41,593 which is below the national average. College graduates make up 4.6% of residents. A majority of residents in Black Oak are home owners, with 40.5% of residents renting and 59.5% of residents owning their home. A
local real estate agent serving Black Oak can help you decide if this neighborhood is the right one for you. Learn more on our
Black Oak neighborhood guide.
Is Black Oak, IN a safe neighborhood?
Black Oak, IN is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Black Oak?
The median home price in Black Oak is $355,000. If you put a 20% down payment of $71,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,840 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $79K a year to afford the median home price in Black Oak. The average household income in Black Oak is $42K.
What are the best public schools in Black Oak?
The best public schools that serve Black Oak are:
What are the best private schools in Black Oak?
The best private schools that serve Black Oak are:
What are the most popular zip codes in Black Oak, Gary, IN?
What are the most popular neighborhoods near Black Oak, Gary, IN?
Are home prices dropping in Black Oak?
Yes, home prices in Black Oak are down 40% in the last 12 months.
Home Trends in Black Oak, IN
On average, homes in Black Oak, Gary sell after 66 days on the market compared to the national average of 70 days. The median sale price for homes in Black Oak, Gary over the last 12 months is $354,000, down 34% from the median home sale price over the previous 12 months.
Median Sale Price
$354,000
Median Single Family Sale Price
$354,000
Average Price Per Sq Ft
$170
Number of Homes for Sale
0
Last 12 months Home Sales
7
Median List Price
$355,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-34%