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 |
How much equity Gem owners could borrow
Home equity is what your home is worth minus what you owe. Most lenders let you borrow until your loans add up to 80% to 85% of the home's value. For the median Gem home of $56,500, 80% is $45,200.
83% of Gem owners have no mortgage at all, so they could borrow up to the full 80% limit.
If you instead refinance and take cash out, the whole loan moves to the new rate (this week's 30-year average is 7.11%). A home equity loan or line of credit keeps your current first mortgage, which is usually better when your existing rate is lower than today's.
| Owe nothing | $45,200 to $48,025 |
|---|---|
| Owe $14,125 | $31,075 to $33,900 |
| Owe $28,250 | $16,950 to $19,775 |
| Owe $36,725 | $8,475 to $11,300 |
Before the lender's own limits, fees and your credit and income checks.
Change the numbers in the calculator
Questions about home equity loans 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.
How much can I borrow against my home in Gem?
Usually up to 80% to 85% of your home's value, minus what you owe. On the median home of $56,500, an 80% limit is $45,200 before subtracting your mortgage.
More about Gem
- Mortgage Refinance in Gem
- Home Buying in Gem
- Debt Relief 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