The Most Affordable Neighborhoods in Gilman City, MO by Home Value

These days, finding an affordable place to live in the Gilman City area can be challenging. Home prices in Gilman City are now at a median cost of $112,064, lower than the Missouri average of $246,641.

The average cost of rent is $745/mo in Gilman City, primarily driven by the current value of real estate in the Gilman City area. In Gilman City, 20.28% of households rent, and 60.45% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Gilman City is $5,300 per month. Households that rent pay about 14.06% of their income on rent here. Gilman City’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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