US5.com
  1. Home
  2. States
  3. Arizona
  4. ZIP 85298
  5. Housing & Real Estate
Gilbert town, AZ

ZIP 85298 — 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 85298

Median Home Value
$598,300
Median Rent
$2,228
Affordability Snapshot
$165,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,843/mo PITI).

18%
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.

22.4 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 85298 in Gilbert town, AZ, a household would need roughly $165,000 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 $3,843. That is roughly in line with the local median household income ($146,688). 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
91.6%+40% vs US avg
x
Vacancy Rate
4.0%-61% vs US avg
x
Broadband Access
97.5%+12% vs US avg
x
4+ Bedrooms
18.8%+27% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
14.9%-70% vs US avg
x
Mortgage-Free
25.6%-33% vs US avg
x
$598,300
Home Value
$2,228
Rent
2009
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached97.1%
  • 1-unit attached1.8%
  • 2-9 units0.0%
  • 10+ units0.4%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$598,300
Median rent$2,228
Owner-occupied91.6%
Vacant4.0%
Price-to-income4.1x
Est. income to buy$165,000