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Gilbert town, AZ

ZIP 85297 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 85297

Median Home Value
$559,200
Median Rent
$1,856
Affordability Snapshot
$154,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,592/mo PITI).

17%
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.

25.1 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 85297 in Gilbert town, AZ, a household would need roughly $154,000 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 $3,592. That is about 16% above the local median household income ($132,684), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
78.2%+19% vs US avg
x
Vacancy Rate
3.5%-66% vs US avg
x
Broadband Access
98.0%+13% vs US avg
x
4+ Bedrooms
16.4%+10% vs US avg
x
Built Pre-1939
0.0%-100% vs US avg
x
Built Post-2014
3.6%-47% vs US avg
x
Rent Burden >30%
22.4%-55% vs US avg
x
Mortgage-Free
16.2%-58% vs US avg
x
$559,200
Home Value
$1,856
Rent
2007
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached89.8%
  • 1-unit attached1.1%
  • 2-9 units2.6%
  • 10+ units6.2%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$559,200
Median rent$1,856
Owner-occupied78.2%
Vacant3.5%
Price-to-income4.2x
Est. income to buy$154,000