Home prices
The value of the median home in Gem Lake is $331,700. This is about $52,400 (18%) higher in comparison to its surrounding areas.In comparison to the rest of the country it is about $114,200 (52%) higher, and is roughly $80,100 (31%) higher in comparison to the city of Minneapolis.
Rents
In Gem Lake the median monthly rent is $1,536. This is approximately $425 (38%) higher in comparison to other places in this area.It is approximately $474 (44%) higher in comparison to the nation as a whole, and in comparison to the city of Minneapolis is roughly $509 (49%) higher.
Nearby places
White Bear Lake
White Bear Lake is Gem Lake's neighbor to the northeast. Its real estate prices are significantly less expensive. The median home in White Bear Lake costs $226,000, which comes out to $105,700 (46%) lower than Gem Lake. The rent there is substantially less expensive. The median rent in White Bear Lake is $1,134 a month, which is $402 (35%) lower than Gem Lake.
Vadnais Heights
Vadnais Heights is Gem Lake's neighbor to the west. Its real estate prices are substantially less expensive. The cost of the median home in Vadnais Heights is $242,500, which is $89,200 (36%) lower than Gem Lake. The rent there is a lot less expensive. In Vadnais Heights the median rent is $1,104 a month, which works out to $432 (39%) lower than Gem Lake.
Birchwood Village
Birchwood Village is roughly 2 miles east of Gem Lake. Its housing prices are pretty similar. The median home in Birchwood Village costs $346,900, which comes out to $15,200 (4%) higher than Gem Lake. Its rents are significantly less expensive. The median monthly rent in Birchwood Village is $1,100, which works out to $436 (39%) lower than Gem Lake.
Little Canada
Little Canada is approximately 2 miles southwest from Gem Lake. The real estate prices there are a lot less expensive. Little Canada's median home cost is $242,500, which is $89,200 (36%) lower than Gem Lake. Rents there are substantially less expensive. In Little Canada the median monthly rent is $1,002, which comes out to $534 (53%) lower than Gem Lake.
Mahtomedi
Mahtomedi is roughly 3 miles east of Gem Lake. Its real estate prices are pretty similar. The median home in Mahtomedi costs $338,600, which comes out to $6,900 (2%) higher than Gem Lake. Its rents are a little less expensive. Mahtomedi's median monthly rent is $1,216, which comes out to $320 (26%) lower than Gem Lake.
