The typical owner-occupied home in Gem is worth about $56,500, 74% below the Kansas median of $217,200 and 83% below the national median of $332,700. Owners pay a median $907 a year in property taxes, about 1.61% of their home's value, higher than the Kansas rate of 1.29%. 91% of occupied homes here are lived in by their owners, and 17% of those owners still have a mortgage.
Gem at a glance
| Gem | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $56,500 | $217,200 | $332,700 |
| Median property tax paid per year | $907 | $2,798 | $3,119 |
| Property tax as a share of value | 1.61% | 1.29% | 0.94% |
| Median household income | – | $74,275 | $80,734 |
| Homes lived in by their owners | 91% | 67% | 65% |
| Owner homes with a mortgage | 17% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,063 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 11.3% | 19.4% | 21.0% |
| Median rent | – | $1,060 | $1,413 |
| Median year homes were built | 1956 | 1976 | 1980 |
| Vacant homes | 0.0% | 9.2% | 10.1% |
| Population | 98 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Gem
At this week's average 30-year rate of 7.11%, buying the median Gem home of $56,500 with 20% down costs about $403 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $498, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $17,289 for the 20%-down payment.
| Down payment | $11,300 |
|---|---|
| Loan amount | $45,200 |
| Principal and interest | $304 |
| Property taxes (1.61% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $403 |
Change the numbers in the calculator
| Down payment | $1,978 |
|---|---|
| Loan amount | $55,477 |
| Principal and interest | $373 |
| Property taxes (1.61% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $25 |
| Total per month | $498 |
Change the numbers in the calculator
Questions about home buying in Gem
What is the median home value in Gem?
About $56,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gem?
Homeowners pay a median $907 a year, which is about 1.61% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Gem?
For the median home with 20% down at 7.11%, the payment is about $403 a month. Keeping that under 28% of gross income takes about $17,289 a year.
More about Gem
- Mortgage Refinance in Gem
- Debt Relief in Gem
- Home Equity Loans in Gem
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data