Gem Lake, MN is a desirable area to live with its median house value at $537,700. This is substantially higher than the US median house value of $338,100 and reflects the high demand for living in Gem Lake. In the past year, the US house appreciation rate was 8.27%, while Gem Lake saw a slightly lower appreciation rate of 4.70%. With relatively strong housing appreciation and a high median house value, residents in Gem Lake can rest assured that their investments are secure.
The median home cost in Gem Lake is $537,700. Home appreciation the last 10 years has been 85.8%. Home Appreciation in Gem Lake is up 9.2%.
Average Age of Homes
- The median age of Gem Lake real estate is 43 years old
The Rental Market in Gem Lake
- Renters make up 12.3% of the Gem Lake population
- 0.0% of houses and apartments in Gem Lake, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.