Gibraltar Housing Information
| Index | Gibraltar | Michigan | National |
| Median home price | $111,700 | $127,800 | $184,700 |
| Median rent asked | $895 | $799 | $949 |
| Avg. people per household | 2.4 | 2.5 | 2.6 |
| Owner occupied households | 79.2% | 70.8% | 63.6% |
| Renter occupied households | 20.8% | 29.2% | 36.4% |
Gibraltar Home Affordability
When looking for real estate in Gibraltar, MI, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Gibraltar, MI, the median price of a home is $111,700 and $64,016 is the median household income. This means that the home price to income ratio is 1.7x, a ratio that is 31% lower than the average in Michigan. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Gibraltar, MI will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Gibraltar, MI.Nearby cities with low home prices
| City, State | Population | Home Price | National Avg. |
| River Rouge, MI | 7,609 | $35,600 | 81% |
| Ecorse, MI | 9,270 | $39,600 | 79% |
| West Monroe, MI | 3,355 | $42,000 | 77% |
| Inkster, MI | 24,738 | $45,000 | 76% |
| Melvindale, MI | 10,437 | $57,600 | 69% |
| Gibraltar, MI | 4,547 | $111,700 | 40% |
Cities with similar population
| City, State | Population | Home Price | National Avg. |
| Madisonville, TX | 4,546 | $90,100 | 51% |
| Niskayuna, NY | 4,548 | $213,400 | 16% |
| Windom, MN | 4,545 | $94,200 | 49% |
| Portola Valley, CA | 4,550 | $2,000,001 | 983% |
| Arabi, LA | 4,542 | $134,300 | 27% |
| Gibraltar, MI | 4,547 | $111,700 | 40% |