Home Price Key
Affordable
Average
Expensive
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 $609,849, higher than the Ohio average of $181,280.
The average cost of rent is $2,080/mo in Gates Mills, primarily driven by the current value of real estate in the Gates Mills area. While nearly 41.09% of residents own their homes outright in Gates Mills, 8.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gates Mills is $17,195 per month. Households that rent pay about 12.10% of their income on rent here. Gates Mills's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Mayfield, OH: less expensive homes
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- Richmond Heights, OH: less expensive homes
- Kirtland, OH: less expensive homes
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