Housing in 85297 Gilbert, AZ is an extremely attractive area to live with a median value of $558,200. This is significantly higher than the US house median value of $338,100, and the one year appreciation rate is also higher at 9.87%, compared to 8.27% across the US. The appreciation rate in this area makes it a great investment for those looking to buy and hold rental property as well as those looking to purchase their own home. With all these factors combined, 85297 Gilbert, AZ is an excellent location to invest in housing.
The median home cost in Gilbert (zip 85297) is $558,200. Home appreciation the last 10 years has been 199.6%. Home Appreciation in Gilbert (zip 85297) is up 21.6%.
Average Age of Homes
- The median age of Gilbert (zip 85297) real estate is 11 years old
The Rental Market in Gilbert (zip 85297)
- Renters make up 26.0% of the Gilbert (zip 85297) population
- 1.0% of houses and apartments in Gilbert (zip 85297), 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.