Similar to nearby areas, it is significantly less expensive compared to the entire country. Compared to the city of Duluth, it's significantly less expensive.
Home prices
The median home in Gilbert costs $92,500. This is about $2,820 (3%) higher in comparison to its surrounding areas.It is roughly $125,000 (57%) lower compared to the US as a whole, and compared to the city of Duluth it is about $70,800 (43%) lower.
Rents
The median rent in Gilbert is $671 a month. In comparison to nearby areas this is roughly $73 (12%) higher.It is about $391 (36%) lower compared to the country as a whole, and is roughly $149 (18%) lower compared to the city of Duluth.
Nearby places
Virginia
Virginia is Gilbert's neighbor to the northwest. The real estate prices there are pretty similar. The price of the median home in Virginia is $92,200, which is very similar to Gilbert. Rents there are a bit less expensive. The median rent in Virginia is $626 a month, which comes out to $45 (7%) lower than Gilbert.
Eveleth
Eveleth is Gilbert's neighbor to the southwest. Its real estate prices are a bit less expensive. The value of the median home in Eveleth is $76,000, which is $16,500 (21%) lower than Gilbert. The rent there is somewhat less expensive. Eveleth's median rent is $620 per month, which is $51 (8%) lower than Gilbert.
Biwabik
Biwabik is about 6 miles northeast from Gilbert. Real estate prices there are significantly less expensive. The cost of the median home in Biwabik is $69,100, which works out to $23,400 (33%) lower than Gilbert. The rent there is a bit less expensive. The median monthly rent in Biwabik is $616, which is $55 (8%) lower than Gilbert.
Mountain Iron
Mountain Iron is approximately 7 miles northwest from Gilbert. Its housing prices are substantially more expensive. Mountain Iron's median home value is $144,500, which works out to $52,000 (35%) higher than Gilbert. The rent there is a bit less expensive. The median rent in Mountain Iron is $550 a month, which works out to $121 (21%) lower than Gilbert.
Aurora
Aurora is roughly 9 miles east from Gilbert. The housing prices there are significantly less expensive. The median home in Aurora is valued at $66,600, which works out to $25,900 (38%) lower than Gilbert. The rent there is somewhat less expensive. In Aurora the median monthly rent is $578, which is $93 (16%) lower than Gilbert.
