Investors eyeing the real estate market should take note of Gilbert, AZ, a vibrant and competitive market with substantial potential. With a population of 232,176 and a median age of 33.6, Gilbert offers a youthful and dynamic atmosphere. The housing market presents an array of opportunities, with the median home price at $286,400 and median rent at $1,362. Notably, Gilbert's unemployment rate stands at 4.7%, reflecting a robust local economy.
Historical data indicates that the market remains competitive, with homes selling in 37 days on average, and a median sale price of $573,000. Despite a recent 4.6% YoY decrease in median sale prices, the market maintains its vigor. The area's attractiveness for investors is evident in the trend of homes receiving multiple offers and selling quickly, underscoring its desirability.
For families, Gilbert's emphasis on education is evident through its 50 well-rated schools, providing quality options for residents. The town's active cultural scene, parks, and recreational opportunities further contribute to its appeal. Additionally, the strategic location of Gilbert, its competitive housing market, and the projected growth potential make it an enticing prospect for real estate investors looking to capitalize on both current and future opportunities.
PURE Property Management understands the unique opportunities and challenges that come with rental property investments in Gilbert. Our Gilbert property management team can help you navigate the local market, find quality residents, and maximize your return on investment. Whether you're a seasoned investor or exploring rental property for the first time, trust PURE Property Management to be your partner in success.