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Gilbert town, AZ

ZIP 85234 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 85234

Median Home Value
$488,600
Median Rent
$1,664
Affordability Snapshot
$135,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,139/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 85234 in Gilbert town, AZ, a household would need roughly $135,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,139. That is roughly in line with the local median household income ($118,012). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
75.1%+15% vs US avg
x
Vacancy Rate
3.9%-62% vs US avg
x
Broadband Access
97.0%+12% vs US avg
x
4+ Bedrooms
14.8%+0% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
15.2%-69% vs US avg
x
Mortgage-Free
25.6%-33% vs US avg
x
$488,600
Home Value
$1,664
Rent
1994
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached82.5%
  • 1-unit attached5.1%
  • 2-9 units3.6%
  • 10+ units8.1%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$488,600
Median rent$1,664
Owner-occupied75.1%
Vacant3.9%
Price-to-income4.1x
Est. income to buy$135,000