85233, Gilbert, AZ

Gilbert, AZ is a suburb of Phoenix, Arizona and has a population of just over 100,000 people. The 85233 zip code has a median home value of $183,200 and the median household income is just over $60,000. Gilbert has seen an increase in home equity values over the past few years as the local economy continues to grow.

The average home value in Gilbert increased by 9% from 2013 to 2014 and by another 7% from 2014 to 2015. This trend is likely to continue as more homes are being sold in the 85233 zip code and buyers are able to get more money for their homes. The average monthly mortgage payment for a Gilbert home is just under $1,100 which makes it an affordable option for those looking to buy or invest in property.

Home prices have been increasing faster in Gilbert than anywhere else in Maricopa County according to Zillow data. Over the past three years (2013-2015), the average home value increased by 24%. This growth can be attributed to several factors including strong economic growth nationally and locally, low interest rates, and limited supply of properties available for sale.