The median home in Gem Lake, Minnesota is valued at $589,714, up 2.7% year over year. Gem Lake is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$589,714

+2.7%

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$117,943 on $589,714

Example: $75,000 household income. Change it above to see your own.

Out of reach58.9% of income

Need $157,800/yr to afford.

PITI$3,682

P/I58.9%

Afford$280K

Gap-$309K

P&I $2,982Tax $550Ins $150

6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Minnesota

Compare Gem Lake with other housing markets across Minnesota.

Minnetonka Beach$2.22M Woodland$1.62M Greenwood$1.6M Sunfish Lake$1.16M Orono$1.08M Medicine Lake$1.08M Tonka Bay$1.06M Deephaven$1.02M

Full Minneapolis-St. Paul-Bloomington, MN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Minneapolis-St. Paul-Bloomington, MN-WI metro.

View Minneapolis-St. Paul-Bloomington, MN-WI metro

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Gem Lake, MN