Market Overview
Home Prices in Gilmer, TX
The median home value in Gilmer, TX is $247,375 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.5% compared to a year ago and down 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gilmer are priced40% below average. Gilmer is part of the Longview, TX metro area.
Over the past five years, Gilmer home values have risen by approximately18.4%, reflecting steady appreciation in this market.
Price History
Gilmer Home Price Trend
2020
$187,431
$187K
—
2021
$208,852
$209K
+11.4%
2022
$246,382
$246K
+18.0%
2023
$252,206
$252K
+2.4%
2024
$249,801
$250K
-1.0%
2025
$248,653
$249K
-0.5%
2026
$247,375
$247K
-0.5%
City Comparison
Gilmer vs. National Median
🏠 Gilmer
$247,375
National Median
$410,000
At $247,375, homes in Gilmer cost 40% below the national median of $410,000. This makes Gilmer a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gilmer?
20% Down Payment
$49,475
on $247,375
Monthly P&I
$1,290/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,638/mo
incl. taxes & insurance
Income Needed
$65,520
gross annual (30% rule)
10% Down Option
$24,738
+ PMI applies
Loan Amount (20% dn)
$197,900
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Gilmer, TX?
The median home value in Gilmer is $247,375 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.5% year-over-year.
How much have home prices changed in Gilmer?
Over the past year, home values in Gilmer have decreased by 0.5%. Over five years, prices have risen approximately 18.4%.
How much do I need to earn to buy a home in Gilmer?
To comfortably afford the median home price of $247,375 with a 20% down payment ($49,475) at today's rates (6.8%), you'd need a gross annual income of approximately $65,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Gilmer compare to the national average home price?
The national median home value is approximately $410,000. At $247,375, homes in Gilmer are 40% below the national average.
What metro area is Gilmer part of?
Gilmer is part of the Longview, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.