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Gilbert town, AZ

ZIP 85296 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 85296

Median Home Value
$496,200
Median Rent
$1,897
Affordability Snapshot
$137,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,187/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 85296 in Gilbert town, AZ, a household would need roughly $137,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,187. That is about 17% above the local median household income ($117,120), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
70.7%+8% vs US avg
x
Vacancy Rate
4.6%-56% vs US avg
x
Broadband Access
97.1%+12% vs US avg
x
4+ Bedrooms
10.9%-26% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
1.2%-83% vs US avg
x
Rent Burden >30%
15.4%-69% vs US avg
x
Mortgage-Free
21.7%-43% vs US avg
x
$496,200
Home Value
$1,897
Rent
2001
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached82.5%
  • 1-unit attached4.6%
  • 2-9 units3.4%
  • 10+ units9.1%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$496,200
Median rent$1,897
Owner-occupied70.7%
Vacant4.6%
Price-to-income4.2x
Est. income to buy$137,000