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Gilman

Learn about the people, housing, costs and businesses in Gilman, Minnesota

Median Home$359,800
Median Rent$1,000/month
Population231
Leading IndustriesWholesale Trade · Construction · Agriculture & Mining15% wholesale trade
Home Value Growth+2.8% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners93% of occupied units
NotableHigh Incomes$107k/year · top 13% nationally
Gilman
MN

Frequently Asked Questions

What are today's mortgage rates in Gilman?

As of today, the 30-year fixed mortgage rate for Gilman is approximately 6.944% (6.982% 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 Gilman?

The median home value in Gilman is $360k. The median monthly rent is $1,000. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gilman?

Home values in Gilman have increased 2.8% over the past two years. The market has been relatively stable. 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 Gilman?

Based on a typical all-in ownership cost of $1,438/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 Gilman is $107k/year.

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What industries drive the economy in Gilman?

The largest employment sectors in Gilman are public administration (27%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.