Housing
Home prices and rent in Gilbert
Median home values, rents and incomes from the U.S. Census Bureau, compared with Arizona and the U.S.
Census geography: Gilbert town, Arizona. These survey estimates are not current listing prices.
Gilbert vs. Arizona and the U.S.
| Gilbert | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $575,100 | $394,500 | $332,700 |
| Median rent (monthly) | $2,110 | $1,543 | $1,413 |
| Median household income | $122,551 | $79,964 | $80,734 |
| Homes owned by occupants | 73% | 67% | 65% |
| Median year built | 2003 | 1992 | 1980 |
Ten years of change
| 2014 | 2019 | 2024 | |
|---|---|---|---|
| Median home value | $231,100 | $328,700 | $575,100 |
| Median rent (monthly) | $1,263 | $1,518 | $2,110 |
| Median household income | $81,485 | $96,857 | $122,551 |
Fair Market Rents (HUD, fiscal year 2027)
Phoenix-Mesa-Chandler, AZ MSA · Maricopa County. HUD's payment benchmarks for housing programs: typical gross rent (rent plus utilities) for a recent mover, not a listing or an asking rent.
Large figures are the metro-area Fair Market Rent; green figures are the range across 10 Gilbert ZIP codes, where HUD sets Small Area Fair Market Rents.
Income limits (HUD, fiscal year 2026)
Area median family income: $112,400. Households at or under these incomes can qualify for many housing programs; check each program's own rules.
| Household size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Low income (80%) | $62,950 | $71,950 | $80,950 | $89,900 | $97,100 | $104,300 | $111,500 | $118,700 |
| Very low income (50%) | $39,350 | $45,000 | $50,600 | $56,200 | $60,700 | $65,200 | $69,700 | $74,200 |
| Extremely low income (30%) | $23,600 | $27,000 | $30,350 | $33,700 | $38,680 | $44,360 | $50,040 | $55,720 |
Source: U.S. Department of Housing and Urban Development, Fair Market Rents and Income Limits, checked October 9, 2026.
Questions
What is the median home value in Gilbert?
$575,100, according to the Census Bureau’s 2024 American Community Survey (5-year estimates), compared with $394,500 in Arizona and $332,700 nationally.
How much is rent in Gilbert?
Median gross rent (rent plus utilities) is $2,110 a month, versus $1,543 statewide.
How much have home values risen in Gilbert?
The median home value went from $231,100 in 2014 to $575,100 in 2024 (+149%).
What is fair market rent in Gilbert?
HUD's fiscal year 2027 Fair Market Rent for the Phoenix-Mesa-Chandler, AZ MSA is $1,390 for a studio, $1,493 for one bedroom and $1,734 for two bedrooms; across Gilbert's ZIP codes, two-bedroom values run $1,740 to $2,600. These are HUD program benchmarks, not asking rents.
Are these current market prices?
No. They are survey medians from the Census Bureau, based on a five-year survey period, so they lag today’s listings. They are the most consistent way to compare places and track change over time.
U.S. Census Bureau, American Community Survey 5-year estimates (2014, 2019, 2024), Gilbert town, Arizona. Values are estimates with margins of error.