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Gilroy real estate market overview
- Average Monthly Rent: $2,538
- Home Price/Value Percentage Change: -3.00%
- Median Home Value: $1,031,135
- Best Time To Sell a Home: November
- Affordability Index: Low
- Days To Sell a House: 55
- Job Market: Fair
- Public School Ranking: 40
Location and weather
Gilroy is known as the southern entry to the Bay Area. It is in northern California, surrounded by the scenic Diablo and Santa Cruz mountains, Gilroy is a residential community with a historic downtown, several wineries and plenty of parks and green spaces for outdoor recreation.
In Gilroy the summers are long, warm and dry and the winters are cold and wet. The summer high temperatures are in the low 80's and lows in the mid-50's. The winter high temperatures are in the low 60's with low temperatures in the low 40's.
Population, job market and cost of living
Gilroy's population in 2023 is 62,730 with a growth rate of 1.74%.
The job growth has decreased by -7.07% over last year. Ten-year future predicted job growth is 45.84%. The major industries are Retail Trade, Manufacturing and Healthcare & Social Assistance. The largest employers are Gavilan College, Rebekah Children's Services, Gilroy Gardens Family Theme Park, Monterey Gourmet foods and KSBW.
The cost of living is high due to the Gilroy real estate market and the high cost of available housing. With its beautiful mountain scenery, many wineries, historic downtown, parks, ranches and green spaces, good job growth in diversified industries and mild climate, Gilroy will continue to attract those that want to live and work in this scenic California city.
Gilroy real estate market details
- Glen Loma Ranch
- Rancho del Vista
- Eagle Ridge
- Downtown Gilroy
- Paradise Valley
The average monthly rent in Gilroy is $2,538 for an average apartment size of 872 sq. feet.
There has been a -3.0% decrease in median home value over the last year. As of 2023, the median home value is $1,031,135.
On average, homes in Gilroy sell after 55 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 July.
The affordability index in Gilroy is 173. This number indicates low affordability in this city.
The top ranked public schools are Brownell Middle School, Christopher High School, Dr. TJ Owens Gilroy Early College Academy, El Roble Elementary School and Gilroy High School. This information is based on data measuring academic performance and equity.