Zip 85233 (Gilbert, AZ) Housing

The housing market in 85233 Gilbert, AZ is a hot one. The median value of a house in the area is $493,300, significantly higher than the US median of $338,100. Over the past year, house appreciation in 85233 Gilbert, AZ has risen by 9.87% which is higher than the national average of 8.27%. This shows that investing in property in this area may be a smart move for buyers looking to make a sound investment.

The median home cost in Gilbert (zip 85233) is $493,300. Home appreciation the last 10 years has been 199.6%. Home Appreciation in Gilbert (zip 85233) is up 21.6%.

Average Age of Homes

- The median age of Gilbert (zip 85233) real estate is 24 years old

The Rental Market in Gilbert (zip 85233)

- Renters make up 31.6% of the Gilbert (zip 85233) population
- 1.2% of houses and apartments in Gilbert (zip 85233), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Gilbert, Arizona	United States
	15,079.0	139,647,020.0
	27	42
	$493,300	$338,100
	21.6%	16.6%
	91.8%	57.0%
	199.6%	101.1%
	$5.31	$10.98
	$1,791	$2,690
	67.3%	57.4%
	3.5%	11.2%
	29.2%	31.4%
Vacant Housing
	1.2%	1.9%
	0.2%	0.4%
	0.1%	0.7%
	0.0%	0.4%
	1.3%	3.6%
	0.7%	4.1%
Value of Owner-Occupied Housing
	3.7%	2.6%
	0.0%	2.4%
	0.4%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.6%	11.3%
	3.0%	13.0%
	29.7%	20.1%
	34.0%	13.6%
	17.6%	8.3%
	8.9%	9.7%
	1.7%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	10.2%	13.6%
	10.2%	13.6%
	58.0%	13.6%
	20.0%	13.2%
	5.6%	14.8%
	58.0%	13.6%
	1.8%	10.0%
	0.1%	4.7%
	0.1%	12.2%

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