January's First-Time Homebuyer Report for Gilmer

Gilmer is a larger than average city in Texas with 4,905 residents. Also, it has seen a 3.1% increase in population over the last 10 years. With an ownership ratio of 52.1%, most people in Gilmer are homeowners. The best schools in the city are Bruce J H and Gilmer High School.

Price Range

Homes in Gilmer are generally more expensive than others in the state with a median home value of $91,100 and an average list price of $120,239.

Typical Dwelling

The typical dwelling in Gilmer is a four-bedroom detached home worth about $266,517. To purchase a similar home, a buyer with good credit and a $53,303 cash down payment could obtain a mortgage with a 3.95% interest rate and a $112 monthly payment. The property tax rate is $11.17 per $1,000 of taxable assessed value.

Get started right now by checking out Gilmer homes for sale or reviewing Gilmer real estate trends.


Data reported through 1/12/2017

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