Welcome to our 85234 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 85234 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.
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Location Overview
- Zip Code: 85234
- City: Gilbert
- State: AZ
- Metro Area: Phoenix-Mesa-Chandler, AZ
- County Name: MARICOPA COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $525,114
- Average Home Price (Single Family Homes): $529,714
- Average Monthly Rental Price (All Types): $2,026
- Price-to-Rent Ratio: 22
- Zillow Projected % appreciation from 4/2023-4/2024: 1.3%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,960
- Average 3 Bedroom Section 8 Rental Rates: $2,690
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 22.33
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 16.27
- 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%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 356.33
- Total % Appreciation since 2000 (Government Data): 222.74
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -2.29%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -1.17%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 37.42%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 59.1%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 124.83%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 66.75%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 153.5%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.89%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.09%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 36.4%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 56.54%