The median home value in Gem Lake, MN is $465,000. This is higher than the county median home value of $290,900. The national median home value is $338,100. The average price of homes sold in Gem Lake, MN is $465,000. Approximately 93.1% of Gem Lake homes are owned, compared to 6.9% rented, while 0% are vacant. Gem Lake real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Gem Lake real estate agent to arrange a tour today!
Gem Lake, Minnesota has a population of 500. Gem Lake is more family-centric than the surrounding county with 36.74% of the households containing married families with children. The county average for households married with children is 31.03%.
The median household income in Gem Lake, Minnesota is $117,500. The median household income for the surrounding county is $71,494 compared to the national median of $69,021. The median age of people living in Gem Lake is 41.9 years.
The average high temperature in July is 82.7 degrees, with an average low temperature in January of 5.9 degrees. The average rainfall is approximately 32.9 inches per year, with 52.4 inches of snow per year.