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East Gull Lake

Learn about the people, housing, costs and businesses in East Gull Lake, Minnesota

Median Home$386,000
Median Rent$1,375/month
Population1,107
Leading IndustriesProfessional Services · Education3% professional services
Home Value Growth⬆⬆+19.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners93% of occupied units
NotableHighly Educated30% hold a bachelor's degree · top 9% nationally
NotableHigh Incomes$105k/year · top 14% nationally
East Gull Lake
MN

Explore East Gull Lake

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in East Gull Lake?

As of today, the 30-year fixed mortgage rate for East Gull Lake is approximately 6.851% (6.886% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in East Gull Lake?

The median home value in East Gull Lake is $386k. The median monthly rent is $1,375. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in East Gull Lake?

Home values in East Gull Lake have increased 19.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in East Gull Lake?

Based on a typical all-in ownership cost of $1,439/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $62k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in East Gull Lake is $105k/year.

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What industries drive the economy in East Gull Lake?

The largest employment sectors in East Gull Lake are public administration (24%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.