Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Gem Lake area can be challenging. Home prices in Gem Lake are now at a median cost of $282,200, higher than the Minnesota average of $269,934.
The average cost of rent is $1,321/mo in Gem Lake, primarily driven by the current value of real estate in the Gem Lake area. While nearly 33.60% of residents own their homes outright in Gem Lake, 32.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gem Lake is $11,151 per month. Households that rent pay about 11.85% of their income on rent here. Gem Lake's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- White Bear Lake, MN: equally priced homes
- Vadnais Heights, MN: equally priced homes
- Birchwood Village, MN: higher priced homes
- Little Canada, MN: less expensive homes
- North Oaks, MN: higher priced homes
- Mahtomedi, MN: higher priced homes
- North St. Paul, MN: less expensive homes
- Willernie, MN: higher priced homes
- Dellwood, MN: higher priced homes
- Pine Springs, MN: higher priced homes
Cities with Similar Populations
- Topeka, MS: less expensive homes
- Cove, MN: less expensive homes
- Cutler, IL: less expensive homes
- Dakota, MN: equally priced homes
- Denmark, AR: less expensive homes
- Taylor, LA: less expensive homes
- Taylorsville, TN: less expensive homes
- Texas, OH: less expensive homes
- Thomas Landing, NC: equally priced homes
- Cold Spring, TN: less expensive homes
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