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Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Gem Lake, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Gem Lake, MN and much more. Save thousands at closing with home foreclosure listings in Gem Lake, MN — up to 75% off market value!
Gem Lake is located in Ramsey, Minnesota, with an estimated municipal population of 500 residents. All of the best foreclosed homes for sale in Gem Lake are located in the following zip code areas on Foreclosure.com: 55110. The estimated population per square kilometer (.62 miles) in Gem Lake is 184.
So, about how much do homes cost in Gem Lake? The most recent median value of resident-owned homes in Gem Lake is 329,694. An estimated 91.2 percent of households in Gem Lake own their homes, with an average family size of 3.38. The median household income in Gem Lake is 124,844, with60.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Gem Lake, the median commute time of resident workers (in minutes) is 26.4. And last, but certainly not least, are you looking for homes to rent in Gem Lake? If so, the average rent price paid by renters in Gem Lake is 1,536, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Gem Lake, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Gem Lake is 36.6, split between 44.6 percent male versus 55.4 female. The percentage of residents who report being married in Gem Lake is 67.4, with an average family size of 3.38.
The percentage of residents who report their race in Gem Lake is as follows:
| White | 96.6% |
| Black / African American | 0.4% |
| Asian | 2.1% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.9% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Gem Lake? Or maybe you are searching for 55+ active adult communities in and/or near Gem Lake?
The percentage of residents who report their age in Gem Lake is as follows:
| Under 10 | 21.9% |
| Aged 10-19 | 9.9% |
| 20s | 7.9% |
| 30s | 18% |
| 40s | 10% |
| 50s | 9.7% |
| 60s | 13.2% |
| 70s | 6.2% |
| 80+ | 3.2% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Gem Lake with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Gem Lake.
How do you know that living in -- or moving to -- Gem Lake is right where you need to be? Perhaps you grew up in Gem Lake or already live nearby; therefore, the decision to buy a home in Gem Lake is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Gem Lake for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Gem Lake:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Gem Lake.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Gem Lake can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Gem Lake, meanwhile, can field multiple offers from more qualified buyers.
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