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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 $393,943, higher than the Arizona average of $274,828.
The average cost of rent is $1,796/mo in Gilbert, primarily driven by the current value of real estate in the Gilbert area. While nearly 23.69% of residents own their homes outright in Gilbert, 28.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Gilbert is $9,097 per month. Households that rent pay about 19.75% of their income on rent here. Gilbert's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Higley, AZ: less expensive homes
- Chandler, AZ: less expensive homes
- Mesa, AZ: less expensive homes
- Queen Creek, AZ: equally priced homes
- Sun Lakes, AZ: less expensive homes
- Tempe, AZ: less expensive homes
- Apache Junction, AZ: less expensive homes
- Guadalupe, AZ: less expensive homes
- Goldfield, AZ: equally priced homes
- Gold Canyon, AZ: less expensive homes
Cities with Similar Populations
- Missouri City, TX: less expensive homes
- Mooresville, NC: equally priced homes
- Mount Vernon, NY: equally priced homes
- Myrtle Beach, SC: less expensive homes
- Nashua, NH: less expensive homes
- Muskegon, MI: less expensive homes
- Muncie, IN: less expensive homes
- Milpitas, CA: higher priced homes
- Moreno Valley, CA: less expensive homes
- Murrieta, CA: higher priced homes
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