Zip 85298 (Gilbert, AZ) Housing

The housing market in Gilbert, AZ 85298 is currently performing better than the national average. The median value of a house in this area is $615,000, which is around 80% higher than the national median value of $338,100. Over the past year, the appreciation rate for homes in Gilbert stands at 9.87%, which is 1.6% higher than the national average. This indicates that the housing market in this area remains strong and shows great potential for investors and homebuyers alike.

The median home cost in Gilbert (zip 85298) is $615,000. Home appreciation the last 10 years has been 199.6%. Home Appreciation in Gilbert (zip 85298) is up 21.6%.

Average Age of Homes

- The median age of Gilbert (zip 85298) real estate is 11 years old

The Rental Market in Gilbert (zip 85298)

- Renters make up 11.9% of the Gilbert (zip 85298) population
- 0.7% of houses and apartments in Gilbert (zip 85298), 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
	14,065.0	139,647,020.0
	13	42
	$615,000	$338,100
	21.6%	16.6%
	91.8%	57.0%
	199.6%	101.1%
	$5.84	$10.98
	$2,574	$2,690
	86.9%	57.4%
	6.0%	11.2%
	7.1%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.3%	0.4%
	3.8%	3.6%
	0.4%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.0%	2.4%
	0.7%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.2%	11.3%
	0.5%	13.0%
	7.6%	20.1%
	29.0%	13.6%
	27.3%	8.3%
	25.6%	9.7%
	4.7%	3.9%
	2.8%	2.2%
	0.1%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	51.6%	13.6%
	51.6%	13.6%
	5.2%	13.6%
	1.8%	13.2%
	1.1%	14.8%
	5.2%	13.6%
	0.2%	10.0%
	0.0%	4.7%
	0.0%	12.2%

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