1996 COMPREHENSIVE PLAN - Laserfiche WebLink

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been vacant for less fto two months, one for twd to six months and the third for six or more months. Thle-condition of housing within Gem Lake is generally good. The median year in which. housing was built is.1966. A majoaty of the housing within the community was built between 1950 and. 1980. Thirty (30) units were built- prior to 1950, while 25: have been built since 1980. The median value of housing in Gem. Lake in 1990 was $97,100. A majority of the housing was between $60,000 and $125,000. Only five, housing units were valued less. than $60,000, while there were 33 housing units valued over $125,000 with 1.1 units between $250,000 and $300,000 and six over $300,00.0. The median. -gross rent: in Gem Lake in 1990 was $575 a month. There were only. three units being rented -that were less than $500 a month. A majority'.of the housing units within Gem Lake are in. -the: three bedroom:or more category with 71 three bedroom units and 41-four bedroom units. There were 12 units with five or. more bedrooms, and only 18 two bedroom units and:7 one bedroom units. .Of the. .renter -occupied units, four are listed as three bedroom units, two as. orie bedroom units and one.2 bedroom unit. The 1990 census shows that there are 439 persons. and 140 households in Gem Lake, for an average of 3.14 persons per household. Avast majority of the households in Gem Lake. contain one to four persons, with 45 two -person households; 30 four -person households, 21. three -person households and 19 one -person :households. There are only 16-five-person households, 7 six -person households and two households with more than..severi. persons. The median household income in 1990 for Gem Lake is $52,091. Median family income was $59,224, and median non-familyir me was $20,000. There were 80 households with an income over.$50,000 per year. The largest categories were $50,000 to $60,00.0 with 1$ households, $60,000 to $75,000 with 21 households, and $75,000 to $1001*000 with 26 households. There were also 10 households with an income of $150,000 or more, and 22 households with an income of less than $20,000. The age of tha.h6usehold head is family well distributed according to. the 1990 census. There are 26 household heads between the ages. Of 25.and, 34, 35 between the ages of 35 and 44, 32 between the ages. of 45 and 54, 27between thee ages of.55 and 64. and 17 between the ages of 65 ,and 74. There are only three household heads younger than. 25 and -only two older than 75. The housing supply in Gem Lake is limited. There are not many .a homes that re vacant .or.avga. able.. Almost all -of the homes are single-family homes. There are only a couple. ofmultiple -family Comprehensive Plan A-GEMLK9501.0.0 Gem Lake, Minnesota Page 29