Compare cities · September 2026
Gem Lake vs. Minneapolis
Homes in Gem Lake sold for a median $610,000 over the 12 months through September 2026, 73% more than in Minneapolis ($353,500). Homes sold faster in Minneapolis: 54 days on market on average, against 76 in Gem Lake. Gem Lake's homes are newer, with a median year built of 1976 against 1951. Minneapolis is closer to downtown Minneapolis: about 5 minutes by car, against 30. The two are about 13 miles apart.
Housing market, 12 months through September 2026
| Measure | Gem Lake | Minneapolis |
|---|---|---|
| Median sale price | $610,000 | $353,500 |
| Change from a year earlier | +3.8% | +2.5% |
| Homes sold | 4 | 4,031 |
| Days on market | 76 | 54 |
| Share of original list price | 92.8% | 98.7% |
| Price per square foot | $178 | $255 |
| New listings | 8 | 5,963 |
| Homes for sale (September 2026) | 1 | 1,136 |
| Months of supply (September 2026) | 0.7 | 3.4 |
Source: Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data).
The homes
| Measure | Gem Lake | Minneapolis |
|---|---|---|
| Median home value (owner estimate) | $568,900 | $362,200 |
| Median year built | 1976 | 1951 |
| Single-family homesShare of all housing units, detached houses | 97% | 44% |
| Owner-occupied homes | 87% | 48% |
| Median rent | $1,800 | $1,371 |
Source: US Census Bureau, American Community Survey 2020–2024.
The place
| Measure | Gem Lake | Minneapolis |
|---|---|---|
| Population (2024) | 515 | 428,579 |
| Land area | 1 sq mi | 54 sq mi |
| Drive to Downtown Minneapolis | 30 min | 5 min |
| Drive to Downtown Saint Paul | 21 min | 15 min |
| Drive to MSP Airport | 33 min | 18 min |
| Drive to Mall of America | 37 min | 19 min |
| Drive to University of Minnesota | 27 min | 6 min |
| Average commute to work | 19.4 min | 22 min |
| Lakes of 10+ acresMinnesota DNR lake outlines touching the city | 1 | 11 |
Source: US Census Bureau 2024 estimates and TIGER/Line; drive times from OpenStreetMap routing (light traffic).
Minneapolis
School districts: Minneapolis Public School District
Largest lakes: Bde Maka Ska (424 acres), Lake Harriet (341 acres), Lake Nokomis (201 acres), Cedar Lake (164 acres), Lake of Isles (114 acres)
How we compare places: by their homes, housing market and location only, from public sources, never by who lives there. Medians describe the middle home; both places have homes well above and below them.
Quick answers
Gem Lake or Minneapolis?
Is Gem Lake or Minneapolis more expensive?
Gem Lake. The median sale price was $610,000 there and $353,500 in Minneapolis over the 12 months through September 2026, according to the Minneapolis Area REALTORS® Local Market Update. The median is the middle sale, so both have homes well above and below it.
Where do homes sell faster, Gem Lake or Minneapolis?
Minneapolis: 54 days on market on average against 76, over the 12 months through September 2026.
Which is closer to downtown Minneapolis?
Minneapolis, about 5 minutes by car in light traffic (30 from Gem Lake). To downtown Saint Paul: 21 minutes from Gem Lake, 15 from Minneapolis.
How far apart are Gem Lake and Minneapolis?
About 13 miles in a straight line between their centers.
Which has more lakes, Gem Lake or Minneapolis?
Minneapolis has more: 1 lakes of 10+ acres touch Gem Lake (largest: Gem Lake) and 11 touch Minneapolis (largest: Bde Maka Ska), by Minnesota DNR lake outlines.
Which school districts serve Gem Lake and Minneapolis?
Gem Lake: White Bear Lake School District. Minneapolis: Minneapolis Public School District. School district lines don't follow city lines, so check the district for a specific address before you buy.
Should I buy in Gem Lake or Minneapolis?
It depends on your budget, the kind of home you want and where you need to get to each day. This page compares the homes, prices and locations; a Huerkamp Home Group agent can show you homes in both and walk you through what's selling now.
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Deciding between them?
See homes in Gem Lake and Minneapolis.
A Huerkamp Home Group agent can show you homes in both, tell you what's selling and for how much right now, and help you decide. There's no cost to buyers.