85234, Gilbert, AZ

Gilbert, Arizona is a city located in the Phoenix metropolitan area. According to the 2010 census, the population of Gilbert was 159,916. The 85234 zip code covers much of Gilbert and has a population of about 100,000 people.

The median home value in the 85234 zip code is $157,500 which is about $25,000 more than the national median home value. The median household income in the 85234 zip code is $75,000 which is about $20,000 more than the national median household income.

There are a lot of factors that contribute to home values and home prices in any given area. Some of these factors include: size and layout of homes; availability of land; schools; commute time; and crime rates.

One thing that definitely affects home prices in Gilbert is access to credit. If you have good credit history and you can get a good mortgage rate then your chances of getting a good deal on a house are increased. In addition, if there are multiple offers on a house then the price will go up because there's competition for the property.

Another factor that affects home prices in Gilbert is interest rates. Interest rates go up or down depending on many factors including economic conditions and inflation rates. When interest rates are high it can make it difficult for people to afford homes so they may be less likely to buy or sell houses in an area with high interest rates.