Gilmer Park, IN
Population 929 · Indiana
About Gilmer Park, IN
Gilmer Park is a small community located in Indiana with a population of 929 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,184 per year, which is 19% below the national median of $75,149. The median age of 42.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Gilmer Park features a median home value of $142,600, which is 42% below the national median of $244,900. This makes Gilmer Park one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,162, 0% below the national average of $1,163/month. Of the 410 total housing units, 88% are owner-occupied (362 units) and 12% are renter-occupied (48 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Gilmer Park shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 17.2%, above the national average of 12.4%. Workers in Gilmer Park have an average one-way commute time of 17.9 minutes, one of the shorter commutes in the region.
Education & Demographics
24.6% of Gilmer Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 4.0% White, 5.4% Hispanic or Latino, 0.0% Black or African American, and 2.3% Asian residents, with 3.7% of the population being foreign-born.
Cost of Living in Gilmer Park, IN
Compared to national averages, Gilmer Park has a median household income of $61,184 (19% below the national median of $75,149). Home values average $142,600, which is 42% below the national median. Monthly rent at $1,162 is 0% below the US average of $1,163. Within Indiana, Gilmer Park's income is 12% below the state average of $69,330, and home values are 13% below the state median of $163,409.
Why Live in Gilmer Park, IN?
Gilmer Park offers affordable housing with a median home value of $142,600, below the US average of $244,900, and rent that’s lower than the national average at $1,162/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 17.9 minutes.
Potential considerations include median household income ($61,184) that falls below the national average. However, Gilmer Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gilmer Park has a population of 929 with a median age of 42.4 years. Compare Gilmer Park with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Gilmer Park
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Memphis | 928 | $116,852 | $233,600 | Compare |
| Colfax | 926 | $61,964 | $114,300 | Compare |
| Palestine | 925 | $89,924 | $134,900 | Compare |
| Goodland | 923 | $56,438 | $92,200 | Compare |
| Converse | 912 | $54,167 | $101,700 | Compare |
| Hamlet | 910 | $68,750 | $109,300 | Compare |
| Fish Lake | 954 | $69,417 | $181,300 | Compare |
| Bunker Hill | 956 | $46,389 | $85,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Gilmer Park With Other Cities
Frequently Asked Questions about Gilmer Park
What is the population of Gilmer Park, IN?
The population of Gilmer Park, IN is 929 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Gilmer Park?
The median household income in Gilmer Park, IN is $61,184 per year, which is 19% below the national median of $75,149.
What is the median home value in Gilmer Park?
The median home value in Gilmer Park, IN is $142,600, which is 42% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gilmer Park?
The median monthly rent in Gilmer Park, IN is $1,162, which is 0% below the national average of $1,163/month.
What is the unemployment rate in Gilmer Park?
The unemployment rate in Gilmer Park, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Gilmer Park, IN a good place to live?
Gilmer Park offers a moderate cost of living, affordable housing, and a strong job market. With a population of 929 and a median age of 42.4, the city appeals to a broad range of residents.
How educated is Gilmer Park, IN?
24.6% of residents in Gilmer Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Gilmer Park?
Key cost-of-living indicators for Gilmer Park, IN: median home value is $142,600 (42% below national), median rent is $1,162/month, and median household income is $61,184. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gilmer Park?
The poverty rate in Gilmer Park, IN is 17.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Gilmer Park, IN?
Gilmer Park's population is 4.0% White, 5.4% Hispanic or Latino, 0.0% Black or African American, 2.3% Asian, and 0.0% two or more races. 3.7% of residents are foreign-born.