Gates Mills, OH housing market
The typical Gates Mills home is worth about $804,000, up 5.8% in a year, 223% above the Ohio typical home.
Home values, sales, trends and how Gates Mills compares with the towns next door — updated as new data is published.
Gates Mills at a glance
Only 2 sales in April 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Gates Mills | Ohio |
|---|---|---|
| 2017 | $499,000 | $133,000 |
| 2018 | $515,000 | $141,000 |
| 2019 | $520,000 | $150,000 |
| 2020 | $521,000 | $158,000 |
| 2021 | $563,000 | $178,000 |
| 2022 | $618,000 | $195,000 |
| 2023 | $660,000 | $211,000 |
| 2024 | $700,000 | $224,000 |
| 2025 | $739,000 | $237,000 |
| 2026 | $783,000 | $245,000 |
| August 2026 | $804,000 | $249,000 |
5 new homes permitted in 2025
Builders were permitted 5 new homes in Gates Mills in 2025, all single-family houses, worth about $6.1 million to build. That's 2.3 per 1,000 residents, slower than across Ohio (3.3). Over the past 10 years, Gates Mills has permitted 33 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Gates Mills's population fell by 6 even though 22 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Ohio: 1.3 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 2 | 2 | 0 | $2.4 million |
| 2025 | 5 | 5 | 0 | $6.1 million |
| 2024 | 3 | 3 | 0 | $6.3 million |
| 2023 | 5 | 5 | 0 | $1.7 million |
| 2022 | 4 | 4 | 0 | $2.9 million |
| 2021 | 3 | 3 | 0 | $1.9 million |
| 2020 | 5 | 5 | 0 | $6.2 million |
| 2019 | 3 | 3 | 0 | $3.3 million |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 1 | 1 | 0 | $2 million |
| 2016 | 4 | 4 | 0 | $6.2 million |
| 2015 | 5 | 5 | 0 | $3.2 million |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 3 | 3 | 0 | $2.7 million |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 6 | 6 | 0 | $4.7 million |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 1 | 1 | 0 | $1.5 million |
| 2008 | 1 | 1 | 0 | $750,000 |
| 2007 | 1 | 1 | 0 | $1.4 million |
| 2006 | 3 | 3 | 0 | $10.7 million |
| 2005 | 2 | 2 | 0 | $795,000 |
| 2004 | 2 | 2 | 0 | $1 million |
| 2003 | 4 | 4 | 0 | $2.2 million |
| 2002 | 3 | 3 | 0 | $1.7 million |
| 2001 | 1 | 1 | 0 | $993,000 |
| 2000 | 3 | 3 | 0 | $2.8 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Gates Mills and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Gates Mills | $804K | +5.8% | $1,920 | 5 | $231,250 |
| Mayfield | $395K | +2.7% | $1,300 | 3 | $125,962 |
| Mayfield Heights | $237K | +1.9% | $1,460 | 1 | $66,524 |
| Chester | — | +3.2%† | $1,560 | — | $111,159 |
| Chesterland | $391K | +4.2% | $1,560 | — | $107,898 |
| Willoughby Hills | $367K | +4.3% | $1,440 | — | $67,214 |
| Hunting Valley | $1.77M | +9.2% | $1,850 | 3 | $187,200 |
† FHFA price index change, where Zillow has no home value for the town.
3.5 years of income
The typical Gates Mills home costs about 3.5 years of the town's median household income, about the same as across Ohio (3.5).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,920
HUD's Fair Market Rent for a two-bedroom in Gates Mills is $1,920 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Gates Mills pay a median of $3,111. A two-bedroom takes about 10% of the town's median household income.
Studio $1,400 · 4 bedrooms $2,640
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (44040; Cleveland, OH HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.