Gilbert, Arizona.
Typical home $565,459 (-0.2% in a year), asking rent $2,079 (+1.2%). Phoenix-Mesa-Chandler, AZ metro.
to buy the typical home at today's mortgage rate — +$1,627 (+121%) since Jan 2020.
- 1 year
- Down $1,141 -0%
- $566,600$565,459 since Sep 2025
- 5 years
- Up $46,869 +9%
- $518,590$565,459 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Gilbert$2,968
- Arizona$2,187
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 40 years.
Typical home values in Gilbert, AZ fell 0.2% over the past year — slower than the nation's +1.2%.
Asking rents in Gilbert, AZ rose 1.2% over the past year — slower than the nation's +2.7%.
Owning the typical home in Gilbert runs $1,701/mo more than renting one. The gap peaked at $1,911 in May 2024.
That is $3,780 a month against $2,079 rent: a $2,968 mortgage payment, plus $206 property tax and $605 insurance & upkeep.
Owning vs renting — Gilbert
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,780
- Renting$2,079
- Mortgage only$2,968
Property tax · $206/mo 0.44% of value a year — the ACS 2020-2024 median bill over the median home value for Maricopa County, AZ
Insurance & upkeep · $605/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Gilbert, Maricopa County, Arizona
Gilbert is a town of 267,918 people in Maricopa County. Half its households earn more than $122,551 a year and half less, against $89,300 across Maricopa County; 5% of its people live below the poverty line. 73% of its homes are lived in by their owners and 27% are rented. Unemployment in Gilbert was 4.2% in August 2026, and Maricopa County had 0.4% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Gilbert is a large, mostly suburban town in the Phoenix area, and it has grown into one of the biggest in Arizona. Residents are somewhat younger than in many American communities, and most homes are lived in by their owners, a good deal more than across the county. Household incomes run well above the county's, relatively few people live below the poverty line, and many adults hold a four-year degree. Winters are mild, with cool nights and pleasant afternoons, while summers are extremely hot.
Work. Many residents work in schools, hospitals and social care, in professional and business services, in banks, insurance and property, and in manufacturing. Among the largest workplaces in Gilbert are Gilbert Unified District, Banner Gateway Medical Center and Northrop Grumman Systems. The typical commute is moderate, and quite a few people work from home. Unemployment has edged up a little from a year earlier, and job growth across the county has been slight.
Things to do. The Arizona Museum of Natural History is a short drive away and makes an easy outing. Farther afield, the Phoenix Zoo and the Desert Botanical Garden are both a longer drive away, and Casa Grande Ruins National Monument is a protected area to visit for a day trip. Given the summer heat, many outings are best planned for the cooler months.
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- 96,363households
- 48%of adults have a degree
- 5%below the poverty line
- 26 mintypical commute
- 26%work from home
What residents work in
Employed residents by industry, from the Census survey. Maricopa County had 2,289,324 jobs in 2025, 0.4% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 64° and lows near 39°; warmest in July, with highs near 104° and lows near 78°.
Average daily high and low, 1991–2020, at the Chandler Heights weather station, 8 miles away (NOAA).
Largest workplaces in Gilbert
- Gilbert Unified District (4239)School district4,144FTE
- Banner Gateway Medical CenterGeneral hospital1,667FTE
- Town of GilbertPolice departments1,556
- Higley Unified School District (4248)School district1,459FTE
- Mercy Gilbert Medical CenterGeneral hospital1,275FTE
- Northrop Grumman SystemsSpace satellites manufacturing925
- Ally Waste ServicesBuilding exterior cleaning services863
- Power Electronics USASwitchboards, electrical distribution, merchant wholesalers592
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 136 workplaces with 20 or more staff, 18,804 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Heat wavesVery high
- Inland floodingrelatively high in parts of GilbertRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Gilbert’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Maricopa County and the Phoenix-Mesa-Chandler, AZ metro.
Gilbert home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Gilbert$565,459
- Arizona$416,733
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Gilbert listings, and the typical home goes pending in 33 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Gilbert37.88%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Gilbert33
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Gilbert1,106
New listings per month
Sellers arriving at the market.
- Gilbert318
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Gilbert$569,471
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Gilbert98.07%
Zip codes with a Gilbert address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Gilbert — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Gilbert
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 85295 | Gilbert | 56,744 | $1,903 | $538,562 |
| 85296 | Gilbert | 53,076 | $2,176 | $541,937 |
| 85234 | Gilbert | 51,283 | $1,883 | $548,790 |
| 85298 | Gilbert | 44,114 | $2,640 | $677,844 |
| 85233 | Gilbert | 39,077 | $2,173 | $516,489 |
| 85297 | Gilbert | 37,475 | $2,192 | $584,518 |