Gilbert, AZ 85233 - Real Estate Investment Insights & Performance Data

Welcome to our 85233 real estate data hub, tailored for investors in Gilbert, AZ. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 85233 in Gilbert, AZ. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MARICOPA COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Gilbert, AZ real estate investing. Uncover the wealth of information available, and position yourself for success in the Gilbert property market.

• Location Overview

  • Zip Code: 85233
  • City: Gilbert
  • State: AZ
  • Metro Area: Phoenix-Mesa-Chandler, AZ
  • County Name: MARICOPA COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $497,728
  • Average Home Price (Single Family Homes): $501,512
  • Average Monthly Rental Price (All Types): $2,042
  • Price-to-Rent Ratio: 20
  • Zillow Projected % appreciation from 4/2023-4/2024: 1%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $2,150
  • Average 3 Bedroom Section 8 Rental Rates: $2,950
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.29
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.06
  • Number of Units Offered in Section 8 in the County: 8542
  • Number of Occupied Units in Section 8 in the County: 8071
  • Percentage of Section 8 Units Occupied in the County: 94.5%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 381.79
  • Total % Appreciation since 2000 (Government Data): 225.05
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -2.5%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -1.83%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 32.4%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 52.67%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 119.66%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 62.35%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 142.7%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -1.81%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.68%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 37.09%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 62.18%