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Advertise here →Gem Lake, MN · Market Data
Gem Lake, Minnesota real estate market data.
Real estate market data for Gem Lake, MN (Ramsey County) — Census median home value $536,600, county listing prices down about 7.1% over the past year.
Gem Lake, MN is in Ramsey County, Minnesota — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 521, with a median household income of $146,250. Census data puts Gem Lake's median home value at $536,600 (all owner-occupied homes); Ramsey County's current median listing price runs $325,000, down about 7.1% over the past year.
At a glance
Gem Lake market snapshot
Population
521
Median Household Income
$146,250
Median Home Value (city)
$536,600
Median Listing Price (Ramsey County)
$325,000
Median Gross Rent
$1,750/mo
Price Trend (YoY)
-7.1%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Gem Lake different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Gem Lake's median home value — across all owner-occupied homes, not just recent sales — at $536,600. Separately, Ramsey County's current median listing price (via Realtor.com data, 2026-06-01) runs $325,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Ramsey County's FHFA house price index shows a 2.92% annual change in 2025.
Population & Income
Gem Lake has an estimated population of 521 and a median household income of $146,250, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Gem Lake's Census-reported median home value works out to about 3.7x the area's median household income, and median gross rent runs roughly 14% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Gem Lake FAQ
What are home values like in Gem Lake, MN?
The Census Bureau's American Community Survey puts Gem Lake's median home value at $536,600. Ramsey County's current median listing price runs $325,000, down about 7.1% over the past year.
What is the population of Gem Lake, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Gem Lake's population at approximately 521.
What's the median rent in Gem Lake, MN?
The Census ACS estimates median gross rent in Gem Lake at approximately $1,750 per month.
What is the median household income in Gem Lake, MN?
Census ACS data puts the median household income in Gem Lake at approximately $146,250.
Is the Gem Lake housing market growing?
Ramsey County's FHFA house price index shows a 2.92% annual change in 2025.
Is Gem Lake, MN affordable relative to income?
Census ACS data puts Gem Lake's median home value at about 3.7 times the median household income, with median gross rent equal to roughly 14% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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