Zip 85234 (Gilbert, AZ) Housing

The housing market in 85234 Gilbert, AZ is one of the most appealing in the US. The housing median value in Gilbert comes to an impressive $527,700, a notable difference from the US house median value of $338,100. This number is even more impressive when you consider that US 1 year house appreciation stands at 8.27%, while the home 1 year appreciation rate in Gilbert is 9.87%. These numbers are indicative of a healthy and growing housing market and make 85234 Gilbert, AZ an attractive place to purchase property.

The median home cost in Gilbert (zip 85234) is $527,700. Home appreciation the last 10 years has been 199.6%. Home Appreciation in Gilbert (zip 85234) is up 21.6%.

Average Age of Homes

- The median age of Gilbert (zip 85234) real estate is 23 years old

The Rental Market in Gilbert (zip 85234)

- Renters make up 26.6% of the Gilbert (zip 85234) population
- 0.9% of houses and apartments in Gilbert (zip 85234), 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
	17,864.0	139,647,020.0
	28	42
	$527,700	$338,100
	21.6%	16.6%
	91.8%	57.0%
	199.6%	101.1%
	$5.57	$10.98
	$2,106	$2,690
	68.9%	57.4%
	4.3%	11.2%
	26.8%	31.4%
Vacant Housing
	0.9%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.4%	0.4%
	1.0%	3.6%
	1.0%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	0.3%	2.4%
	0.2%	2.8%
	0.1%	3.9%
	0.2%	4.5%
	1.0%	11.3%
	2.3%	13.0%
	24.5%	20.1%
	27.0%	13.6%
	21.8%	8.3%
	15.9%	9.7%
	3.8%	3.9%
	1.5%	2.2%
	0.8%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	19.7%	13.6%
	19.7%	13.6%
	41.9%	13.6%
	27.2%	13.2%
	7.6%	14.8%
	41.9%	13.6%
	0.4%	10.0%
	0.0%	4.7%
	0.1%	12.2%