Gilbert appreciation rates and housing market information

Gilbert housing market information

With 109,936 people, 37,052 houses or apartments, and a median cost of homes of $308,951, Gilbert real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Gilbert, accounting for 86.87% of the town's housing units. Other types of housing that are prevalent in Gilbert include large apartment complexes or high rise apartments (8.20%), row houses and other attached homes (3.13%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.43%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Gilbert. Owner-occupied housing accounts for 81.18% of Gilbert's homes, and 73.50% have either three or four bedrooms, which is average sized relative to America.

Gilbert homes and real estate are some of the newest in America. 53.77% of Gilbert's housing was built since 1995, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Gilbert real estate market has to offer. Quit a bit of the housing here was also built between 1970-1994 (44.51%), and 1940-1969 (1.41%).

Gilbert home appreciation rates

Real estate appreciation rates in Gilbert have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.26% during the period.

Over the last year, Gilbert appreciation rates have trailed the rest of the nation. In the last twelve months, Gilbert's appreciation rate has been -18.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gilbert were at -1.49%, which equates to an annual appreciation rate of -5.96%.

Notably, Gilbert's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Arizona, our data show that Gilbert's latest annual appreciation rate is higher than 6% of the other cities and towns in Arizona.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Gilbert differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gilbert - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Gilbert real estate investment or home purchase decisions.