85295, Gilbert, AZ

Gilbert, Arizona is a city located in the Phoenix metropolitan area. According to the 2010 census, Gilbert has a population of 159,916. The 85295 zip code covers much of Gilbert and has a population of 111,827 as of the 2010 census. Home equity and home prices are important factors to consider when looking at purchasing a home in Gilbert.

The average home price in Gilbert as of March 2013 was $157,000. This is up from $145,000 as of March 2012 and $130,000 as of March 2011. The median home price in Gilbert was $148,500 as of March 2013. This is up from $135,000 as of March 2012 and $120,000 as of March 2011. The percentage increase in home prices from 2012-2013 was 11%.

The average monthly mortgage payment for a house with an 80% loan-to-value (LTV) was $1,547 in December 2013 according to Zillow. This is down from the monthly mortgage payment for a house with an 80% LTV ($1,715) in December 2012 but up from the monthly mortgage payment for a house with an 80% LTV ($1,393) in December 2011. The percentage decrease between December 2012 and December 2013 was 2%.