Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Gem area can be challenging. Home prices in Gem are now at a median cost of $195,609, higher than the Indiana average of $175,617.
The average cost of rent is $1,027/mo in Gem, primarily driven by the current value of real estate in the Gem area. While nearly 32.68% of residents own their homes outright in Gem, 16.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gem is $7,305 per month. Households that rent pay about 14.06% of their income on rent here. Gem's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Cumberland, IN: less expensive homes
- Mount Comfort, IN: equally priced homes
- Spring Lake, IN: higher priced homes
- New Palestine, IN: higher priced homes
- Philadelphia, IN: less expensive homes
- Mohawk, IN: less expensive homes
- Lawrence, IN: less expensive homes
- Warren Park, IN: less expensive homes
- Greenfield, IN: less expensive homes
- Pleasant View, IN: higher priced homes
Cities with Similar Populations
- Eckenrode Mill, PA: less expensive homes
- Crew Lake, LA: less expensive homes
- Criders, VA: less expensive homes
- Crigler, AR: less expensive homes
- Crockett, AR: less expensive homes
- Crystal Beach, MI: less expensive homes
- Dallas, IA: less expensive homes
- East Berkshire, VT: higher priced homes
- East Dailey, WV: less expensive homes
- Eau Claire, PA: less expensive homes
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