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These days, finding an affordable place to live in the Gates Mills area can be challenging. Home prices in Gates Mills are now at a median cost of $748,347, higher than the Ohio average of $236,816.
The average cost of rent is $2,670/mo in Gates Mills, primarily driven by the current value of real estate in the Gates Mills area. In Gates Mills, 3.49% of households rent, and 51.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gates Mills is $18,807 per month. Households that rent pay about 14.19% of their income on rent here. Gates Mills’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mayfield, OH: less expensive homes
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Cities with Similar Populations
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