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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 $182,188, lower than the Minnesota average of $345,793.
The average cost of rent is $846/mo in Gilbert, primarily driven by the current value of real estate in the Gilbert area. In Gilbert, 16.02% of households rent, and 48.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gilbert is $5,632 per month. Households that rent pay about 15.03% of their income on rent here. Gilbert’s most expensive areas are in the southeastern 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
- McKinley, MN: less expensive homes
- Genoa, MN: higher priced homes
- Eveleth, MN: less expensive homes
- Biwabik, MN: less expensive homes
- Virginia, MN: less expensive homes
- Leonidas, MN: equally priced homes
- Pineville, MN: less expensive homes
- Aurora, MN: less expensive homes
- Mountain Iron, MN: higher priced homes
- Iron Junction, MN: higher priced homes
Cities with Similar Populations
- Fountaintown, IN: higher priced homes
- Steele, AL: equally priced homes
- Hickory, KY: less expensive homes
- Hinton, WV: less expensive homes
- Iota, LA: higher priced homes
- Lakeside-Marblehead, OH: higher priced homes
- New York Mills, MN: higher priced homes
- Polo, IL: less expensive homes
- Sands Point, NY: higher priced homes
- Southern Shores, NC: higher priced homes
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