Much like the surrounding areas, it's a little less expensive compared to the entire country. Compared to the city of Provo however, it is substantially less expensive.
Home prices
Gunnison's median home cost is $172,600. It is roughly $8,060 (4%) higher compared to its nearby areas.It is roughly $44,900 (20%) lower compared to the United States as a whole, and it is roughly $98,700 (36%) lower in comparison to the city of Provo.
Rents
The median monthly rent in Gunnison is $647. This is approximately $156 (19%) lower compared to its nearby areas.In comparison to the US as a whole it is approximately $415 (39%) lower, and in comparison to the city of Provo it is roughly $230 (26%) lower.
Nearby places
Centerfield
Centerfield is Gunnison's neighbor to the south. Its housing prices are a little more expensive. The median home value in Centerfield is $205,100, which is $32,500 (15%) higher than Gunnison. Its rents are pretty similar. The median monthly rent in Centerfield is $671, which comes out to $24 (3%) higher than Gunnison.
Fayette
Fayette is approximately 5 miles north from Gunnison. The real estate prices there are a bit less expensive. The median home in Fayette is valued at $143,800, which comes out to $28,800 (20%) lower than Gunnison. Rents there are similar. The median monthly rent in Fayette is $675, which comes out to $28 (4%) higher than Gunnison.
Mayfield
Mayfield is about 5 miles southeast from Gunnison. Its housing prices are fairly similar. The median home price in Mayfield is $169,400, which comes out to $3,200 (1%) lower than Gunnison. Rents there are substantially more expensive. Mayfield's median rent is $1,022 per month, which is $375 (36%) higher than Gunnison.
Redmond
Redmond is roughly 10 miles south from Gunnison. Housing prices there are a little less expensive. The median home cost in Redmond is $136,000, which comes out to $36,600 (26%) lower than Gunnison. The rent there is a little more expensive. In Redmond the median monthly rent is $892, which works out to $245 (27%) higher than Gunnison.
Manti
Manti is roughly 11 miles northeast of Gunnison. Its real estate prices are fairly similar. Manti's median home cost is $168,400, which is $4,200 (2%) lower than Gunnison. Rent there is somewhat more expensive. In Manti the median monthly rent is $754, which is $107 (14%) higher than Gunnison.
