Housing · Gem Lake
Gem Lake, MN housing market
The typical Gem Lake home is worth about $620,000, up 3.3% in a year, 77% above the Minnesota typical home.
Home values, sales, trends and how Gem Lake compares with the towns next door — updated as new data is published.
The market right now
Gem Lake at a glance
Typical home value
$620K
▲ 3.3% in a year · Zillow
Median sale price
$1M
May 2026 · Redfin
Homes sold
1
in May · 2 for sale
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Ten-year trend
Typical home value, 2016–2026
Gem LakeMinnesota
Show as a table
| January | Gem Lake | Minnesota |
|---|---|---|
| 2017 | $381,000 | $217,000 |
| 2018 | $409,000 | $232,000 |
| 2019 | $421,000 | $246,000 |
| 2020 | $435,000 | $259,000 |
| 2021 | $481,000 | $282,000 |
| 2022 | $540,000 | $313,000 |
| 2023 | $571,000 | $325,000 |
| 2024 | $581,000 | $331,000 |
| 2025 | $599,000 | $341,000 |
| 2026 | $615,000 | $349,000 |
| August 2026 | $620,000 | $351,000 |
Nearby
Gem Lake and its neighbors
The towns that share a border. Tap one to see its housing page.
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Gem Lake | $620K | +3.3% | — | $124,583 |
| Vadnais Heights | $372K | +1.7% | 22 | $98,685 |
| White Bear Lake | $358K | +2.9% | 13 | $83,554 |
The homes
Owners, rent & taxes
Homeownership
87.1%
Median tax bill
$6,520
Median rent
$1,800
Typical home built
1976
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.