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Affordable
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These days, finding an affordable place to live in the Gilbert area can be challenging. Home prices in Gilbert are now at a median cost of $117,455, lower than the Arkansas average of $207,061.
The average cost of rent is $537/mo in Gilbert, primarily driven by the current value of real estate in the Gilbert area. In Gilbert, 11.96% of households rent, and 70.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gilbert is $3,945 per month. Households that rent pay about 13.60% of their income on rent here. Gilbert’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tomahawk, AR: higher priced homes
- Zack, AR: equally priced homes
- St. Joe, AR: higher priced homes
- Morning Star, AR: equally priced homes
- Dongola, AR: equally priced homes
- Marshall, AR: equally priced homes
- Snowball, AR: equally priced homes
- Harriet, AR: equally priced homes
- Canaan, AR: higher priced homes
- Pindall, AR: higher priced homes
Cities with Similar Populations
- Industry, AL: equally priced homes
- Houghton, SD: less expensive homes
- West Hampton Dunes, NY: higher priced homes
- Howells Crossroads, AL: equally priced homes
- Hubbell, NE: less expensive homes
- Hudson Mills, MI: higher priced homes
- Huelo, HI: higher priced homes
- Huron, KS: higher priced homes
- Huscher, KS: higher priced homes
- Idaho, PA: higher priced homes
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