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These days, finding an affordable place to live in the Gibraltar area can be challenging. Home prices in Gibraltar are now at a median cost of $204,103, lower than the Michigan average of $250,415.
The average cost of rent is $1,282/mo in Gibraltar, primarily driven by the current value of real estate in the Gibraltar area. In Gibraltar, 10.00% of households rent, and 53.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gibraltar is $7,784 per month. Households that rent pay about 16.47% of their income on rent here. Gibraltar’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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