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.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom4.20%
Two Bedrooms16.10%
Three Bedrooms43.40%
Four Bedrooms26.60%
Five Bedrooms or more9.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.06
Median year structure was built1970
Median Value of occupied units$159,600
Median Price asked for vacant units$162,500

Rented Homes, Apartments and Condos

Average Household Size2.82
Median year structure was built1973

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8%
Home Equity Loan5.30%
Simple Mortgage63.70%
Debt Free23%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.1%