Housing in Gilroy, CA is quite expensive compared to other areas of the country. The median value of housing in Gilroy is $1,012,700 which is significantly higher than the US median value of $338,100. Despite this difference, house appreciation in Gilroy has kept up with the national rate over the past year with it appreciating 7.64%, almost matching the US rate of 8.27%. This suggests that despite its high cost Gilroy remains an attractive market for potential homeowners.
The median home cost in Gilroy is $1,012,700. Home appreciation the last 10 years has been 105.8%. Home Appreciation in Gilroy is up 11.9%.
Average Age of Homes
- The median age of Gilroy real estate is 33 years old
The Rental Market in Gilroy
- Renters make up 40.4% of the Gilroy population
- 1.0% of houses and apartments in Gilroy, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.