Home Values

Gilbert Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$62,900

  • 8.6% 1-year change
  • 5.6% 1-year forecast

The median home value in Gilbert is $62,900. Gilbert home values have gone up 8.6% over the past year and Zillow predicts they will rise 5.6% within the next year. The median price of homes currently listed in Gilbert is $59,000.

Foreclosures will be a factor impacting home values in the next several years. In Gilbert 31.6 homes are foreclosed (per 10,000). This is greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Gilbert is 5.3%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Gilbert homeowners underwater on their mortgage is 16.5%.

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Relative ZHVI
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Gilbert Market Overview

Data through Jan 31, 2015
  • $62,900 ZHVI
  • 5.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • No recent data Median listing price
  • No data Median sale price
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Gilbert Market Health

Data through Jan 31, 2015
  • 7.2/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 16.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

31.6 homes Gilbert
4 homes United States
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Nearby Cities

Name Median ZHVI
Tower $144,900
Iron $101,200
Makinen $88,800
Name Median ZHVI
Embarrass $83,700
Mountain Iron $82,100
Virginia $76,200
Name Median ZHVI
Eveleth $72,000
Aurora $70,600
Biwabik $63,200

Listings & Sales

  • No data
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Gilbert Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $850 Gilbert
    $1,038 Duluth Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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