Indiana
Highest foreclosure rate: Gary (Lake County)
Foreclosure rate through Q2 2008: 23.07%
Neighborhood population: 2,982
Owner-occupied homes: 408
Median home price: $70,756
Median household income: $25,507
Gary, 45 minutes south of Chicago, was once a major steel town. The city's infrastructure is crumbling as its economy worsens. The area with the highest foreclosure rate is just east of the Gary/Chicago International Airport and includes the Budd Co. industrial property.
