According to statistics, the population in Gilbert, AZ amounts to 232,176, which shows growth 2% compared to the previous year. The median age of the city’s residents is 34. The average household income is $87,566, shifting growth 2% from the past year, and the average property value in Gilbert, AZ growth 8% to $286,400 throughout the year.
|Number Of Employees||113,713|
|Median Property Value||$286,400|
The average household income in Gilbert, AZ grew from $85,581 to $87,566 in the past year. This data is an estimate based upon 74,216 households in Gilbert, AZ . The chart below presents how household income is distributed in Gilbert, AZ in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Gilbert, AZ shifted from $264,700 to $286,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Gilbert, AZ in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Gilbert, AZ properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Gilbert, AZ compared to median property taxes around the country. The prevalent amount of property taxes in Gilbert, AZ equals $1150, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|Studio for sale||$582,500||N/A|
|1 bed for sale||$235,000||-3.5%|
|2 bed for sale||$433,078||-6.5%|
|3 bed for sale||$562,830||+0.9%|
|4+ bed for sale||$801,707||-4.7%|
During Aug 2022, the average price for an apartment in/near Gilbert, AZ decreased by 2.7% to $688,656.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 3.5% to $235,000. Asking price for 2-bed apartment also decreased by 6.5% and a place of this size will now cost you $433,078. A 3-bed apartment goes for $562,830, it increased by 0.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 4.7% and made it down to $801,707.
|Listing Type||Aug||vs Last Month|
|Townhouses for sale||$468,543||+3.2%|
|Lofts for sale||$715,681||+0.2%|
|Houses for sale||$702,500||-2.3%|
|Condos for sale||$465,767||+9.1%|
|Land for sale||$858,475||+89.4%|
|Apartments for sale||$363,100||N/A|
While assessing the property pricing Gilbert, AZ, you can note that it remains flat with a price tag of $363,100. Price reports demonstrate that house price decreased by 2.3% this month making it up to $702,500. Condos are really in demand in this season. The median price for a condo increased by 9.1%, it’s now available for $465,767. The price dynamics of lofts changed, it increased by 0.2%, the price tag now starts at $715,681. The property value of townhouses increased by 3.2%, you’ll have to spend around $468,543 to get one.