Gilbert, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Gilbert Neighborhoods Since 2000




Gilbert, SC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Gilbert Housing Market Information

With 604 people, 252 houses or apartments, and a median cost of homes of $155,536, Gilbert real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Gilbert, accounting for 56.99% of the town's housing units. Other types of housing that are prevalent in Gilbert include mobile homes or trailers ( 39.34%), duplexes, homes converted to apartments or other small apartment buildings ( 3.68%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gilbert. Owner-occupied housing accounts for 76.19% of Gilbert's homes, and 81.99% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Gilbert built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Gilbert built between 2000 and later ( 20.96%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.93%). There's also some housing in Gilbert built before 1939 ( 6.62%).

Gilbert Home Appreciation Rates

Appreciation rates for homes in Gilbert have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.39%, which ranks in the top 50% nationwide. This equates to an annual average Gilbert house appreciation rate of 0.24%.

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 2.97%, 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 0.33%, which equates to an annual appreciation rate of 1.34%.

Relative to South Carolina, our data show that Gilbert's latest annual appreciation rate is higher than 50% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$155,536

Gilbert, SC HOME PRICES

Value Range
> $1,111,000 0.0
$833,001 - $1,111,000 0.0
$555,001 - $833,000 0.1
$444,001 - $555,000 1.5
$333,001 - $444,000 8.1
$222,001 - $333,000 14.8
$111,001 - $222,000 44.0
$56,001 - $111,000 22.2
$0 - $56,000 9.3

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
47.6678776514708 23.4200743494424

Number Of Homes And Apartments:
252

Gilbert Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
41.05% 2.01% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$881 / per month

Homeownership Rate

Homeownership
Owners 76.19
Renters 23.81
Vacant 7.35

Housing Market Details

 

Age of Homes

AGE OF Gilbert HOMES
2000 or Newer 21.0
1970 - 1999 62.5
1940 - 1969 9.9
1939 or Older 6.6

Types of Homes

TYPE OF Gilbert HOMES
Single-Family 57.0
Townhomes 0.0
Small Apt. Buildings 3.7
Apt. Complexes 0.0
Mobile Homes 39.3
Other 0.0

Home Size

SIZE OF Gilbert HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 16.54
3 Bedrooms 68.75
4 Bedrooms 13.24
5 or more bedrooms 1.47

Zip Codes in Gilbert, SC