Gilbert, AZ
Maricopa County · Pop. 267,918
Ranked #133 of 243 cities
38Crisis
Median Home Price
🏠$490K
3.5% YoY
Median Rent
🔑$1,700
2.5% YoY
Median Income
💰$95K
Rent Burden
📊25.0%
% of income to rent
Income to Buy
🏦$141K
annual income needed
Income to Rent
📝$68K
annual income needed
Price-to-Income
⚖️5.2x
Homeownership
🏡78.0%
Rent vs. Buy
Buy
$2,608/mo
Est. mortgage (7%, 20% down)
Need $141K/yr income
Rent
$1,700/mo
Median rent
Need $68K/yr income
How Gilbert Compares
| Metric | Gilbert | Arizona | National |
|---|---|---|---|
| Home Price | $490K | $411K | $410K |
| Rent | $1,700 | $1,608 | $1,500 |
| Income | $95K | $77K | $75K |
| Rent Burden | 25.0% | 34.1% | 30.0% |
Key Takeaways
- • Home prices in Gilbert are 20% higher than the national average.
- • Rent is 13% higher than the national average.
- • You need an income of $141K to comfortably buy a home here.
- • The homeownership rate is 78.0%, compared to 65.0% nationally.