Gem Lake, MN Real Estate
According to census data in the year 2000 there were 143 housing units in Gem Lake.
This represents a 0% decline from 143 in 1990.
Of those housing units, 143 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Gem Lake is about 92%.
Gem Lake's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 3.04 people.
The majority of houses, apartments or condos in Gem Lake were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.20% |
| Two Bedrooms | 16.10% |
| Three Bedrooms | 43.40% |
| Four Bedrooms | 26.60% |
| Five Bedrooms or more | 9.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.06 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $159,600 |
| Median Price asked for vacant units | $162,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.82 |
| Median year structure was built | 1973 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8% |
| Home Equity Loan | 5.30% |
| Simple Mortgage | 63.70% |
| Debt Free | 23% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.1% |
