Home prices
The cost of the median home in Gibbon is $68,700. Compared to its nearby areas it is approximately $26,260 (27%) lower.It is about $148,800 (68%) lower compared to the rest of the nation, and is roughly $182,900 (72%) lower in comparison to the city of Minneapolis.
Rents
In Gibbon the median rent is $638 a month. It is is very similar in comparison to its surrounding areas.In comparison to the United States as a whole it is roughly $424 (39%) lower, and in comparison to the city of Minneapolis it is approximately $389 (37%) lower.
Nearby places
Winthrop
Winthrop is roughly 6 miles east from Gibbon. The housing prices there are significantly more expensive. The median home in Winthrop is valued at $111,000, which comes out to $42,300 (38%) higher than Gibbon. The rent there is pretty similar. Winthrop's median monthly rent is $648, which comes out to $10 (1%) higher than Gibbon.
Lafayette
Lafayette is about 7 miles southeast of Gibbon. The real estate prices there are somewhat more expensive. The median home price in Lafayette is $93,900, which works out to $25,200 (26%) higher than Gibbon. Rent there is somewhat more expensive. In Lafayette the median monthly rent is $763, which works out to $125 (16%) higher than Gibbon.
Fairfax
Fairfax is about 8 miles west from Gibbon. Real estate prices there are somewhat more expensive. Fairfax's median home price is $78,400, which works out to $9,700 (12%) higher than Gibbon. Rent there is significantly less expensive. The median rent in Fairfax is $470 per month, which comes out to $168 (35%) lower than Gibbon.
Stewart
Stewart is approximately 12 miles north from Gibbon. Real estate prices there are similar. The median home in Stewart costs $68,400, which is very similar to Gibbon. Rent there is fairly similar. In Stewart the median rent is $638 per month, which is very similar to Gibbon.
Gaylord
Gaylord is roughly 13 miles east from Gibbon. Real estate prices there are significantly more expensive. The price of the median home in Gaylord is $123,100, which is $54,400 (44%) higher than Gibbon. The rent there is pretty similar. Gaylord's median rent is $646 a month, which works out to $8 (1%) higher than Gibbon.
