Gem, SD is an area with a strong housing market. The median value of houses in Gem is $433,700, which is significantly higher than the US House Median Value of $338,100. In the last year, the house appreciation in Gem was 14.45%, which is much higher than the 8.27% US 1 year House Appreciation. This shows that Gem has been experiencing an increase in housing values over time and could be a great place for potential homeowners to consider settling down.
The median home cost in Gem is $433,700. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Gem is up 17.2%.
Average Age of Homes
- The median age of Gem real estate is 78 years old
The Rental Market in Gem
- Renters make up 8.7% of the Gem population
- 11.4% of houses and apartments in Gem, 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.