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Gilbert real estate market overview
- Average Monthly Rent: $1,832
- Home Price/Value Percentage Change: -1.40%
- Median Home Value: $540,631
- Best Time To Sell a Home: November
- Affordability Index: Low
- Days To Sell a House: 62
- Job Market: Weak
- Public School Ranking: 48
Location and weather
Gilbert is located in the between the cities of Phoenix and Florence, Arizona, and is in close proximity to Tempe, Scottsdale, Mesa and Chandler. Also known as the "Hay Shipping Capital of the World", this farming community has maintained a small town feel despite its expansion over the last few years. Along with a convenient location, nationally ranked public schools, a thriving business community, and family-friendly recreation, it's no wonder Gilbert was named among the top-ranked places to live by Money Magazine in 2020 and 2021.
The weather in Gilbert has close to 300 days of sunshine, and is mostly warm throughout the year. There is around 9 inches of rain annually, and zero inches of snow per year.
Population, job market and cost of living
Gilbert has a population of 285,756, with a growth rate of 2.13% annually.
The job market has decreased by -1.97% over the last year. In ten years, job growth is predicted to be 33.08%. Leading industries in this city include science, technology, engineering, manufacturing, renewable energy, biotechnology and health services. Gilbert was also recently named one of the best cities to build a start-up company.
The cost of living in Gilbert is higher than the overall Arizona average and US average. Overall, this is a fairly expensive place to live in Arizona.
Gilbert real estate market details
- Val Vista Lakes
- The Islands
- Finley Farms
- Power Ranch
- Seville
- Ashland Ranch
- Coronado Ranch
The average monthly rent in Gilbert is $1,832 for an average apartment size of 977 sq. feet.
There has been a -1.4% decrease in median home value over the last year. As of 2023, the median home value is $540,631.
On average, homes in Gilbert sell after 62 days on the market.
The best time to sell a home for the highest valued sale is during November. For the quickest sale, homeowners should sell in August.
The affordability index in Gilbert is 123. This number indicates low affordability in this city.
The top ranked public schools are Weinberg Gifted Academy, Neely Traditional Academy, Perry High School, Campo Verde High School, and Higley High School. This information derives from general educator statistics, school attendance, and the US Department of Education.