Home prices
The median home value in Gilbert is $328,700. This is approximately $44,460 (15%) higher compared to its surrounding areas.It is approximately $111,200 (51%) higher compared to the entire nation, and in comparison to the city of Phoenix is about $93,300 (39%) higher.
Rents
The median rent in Gilbert is $1,518 per month. It is approximately $206 (15%) higher in comparison to its surrounding areas.Compared to the rest of the country it is about $456 (42%) higher, and compared to the city of Phoenix it is approximately $465 (44%) higher.
Nearby places
Chandler
Chandler is Gilbert's neighbor to the west. The housing prices there are somewhat less expensive. The cost of the median home in Chandler is $300,800, which is $27,900 (9%) lower than Gilbert. Rents there are a little less expensive. Chandler's median monthly rent is $1,312, which is $206 (15%) lower than Gilbert.
Mesa
Mesa is Gilbert's neighbor to the north. Real estate prices there are significantly less expensive. Mesa's median home value is $226,500, which comes out to $102,200 (45%) lower than Gilbert. Its rents are significantly less expensive. Mesa's median monthly rent is $1,044, which comes out to $474 (45%) lower than Gilbert.
Queen Creek
Queen Creek is Gilbert's neighbor to the southeast. Its real estate prices are somewhat more expensive. The median home in Queen Creek costs $348,600, which comes out to $19,900 (5%) higher than Gilbert. The rent there is similar. Queen Creek's median monthly rent is $1,590, which comes out to $72 (4%) higher than Gilbert.
Sun Lakes
Sun Lakes is roughly 9 miles southwest from Gilbert. Its housing prices are a bit less expensive. Sun Lakes's median home price is $272,400, which is $56,300 (20%) lower than Gilbert. Its rents are similar. Sun Lakes's median rent is $1,450 per month, which comes out to $68 (4%) lower than Gilbert.
Tempe
Tempe is about 11 miles northwest of Gilbert. Real estate prices there are a bit less expensive. The price of the median home in Tempe is $272,900, which is $55,800 (20%) lower than Gilbert. Its rents are a bit less expensive. In Tempe the median monthly rent is $1,164, which comes out to $354 (30%) lower than Gilbert.
