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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 $598,799, higher than the Arizona average of $421,436.
The average cost of rent is $2,299/mo in Gilbert, primarily driven by the current value of real estate in the Gilbert area. In Gilbert, 27.65% of households rent, and 22.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gilbert is $11,093 per month. Households that rent pay about 20.73% of their income on rent here. Gilbert’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Higley, AZ: less expensive homes
- Chandler, AZ: equally priced 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: less expensive homes
- Mount Vernon, NY: less expensive 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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