House Charts

Gilbert, AZ Housing Market: Home Prices & Rent

Updated September 2026 data · city in the Phoenix metro
Gilbert, AZ home values are down 0.2% over the past year, to a typical $565k - 9% below the July 2022 peak. Typical rent is $2,079 a month (+1.2% in a year). That's 28% above the Phoenix-area typical of $441k.
Typical home value
$565k
-0.2% (-$1,141) in 12 months
From the peak
-9%
Peak $619k, Jul 2022
Since Dec 2019
+55%
from $364k
Typical rent
$2,079/mo
+1.2% in 12 months
vs Phoenix metro
+28%
metro typical $441k
Days to go under contract
62
Phoenix metro, September 2026

Gilbert home values since 2000

$200k$400k$600k2000200420082012201620202024Peak $619k (Jul 2022)Now $565k

Last few years

$400k$500k$600k20192020202120222023202420252026Peak $619k (Jul 2022)Now $565k

Rent in Gilbert

$1,250$1,500$1,750$2,000201520172019202120232025Now $2,079

Owning vs renting, monthly

Buying the typical Gilbert home with 20% down at this week's 7.32% 30-year rate costs about $3,814/month (principal, interest plus ~1.5% a year for tax and insurance) vs $2,079/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

What changed this month

Gilbert vs the Phoenix metro, Arizona and the U.S.

Typical home12-month changeTypical rent
Gilbert, AZ$565k-0.2%$2,079/mo
Phoenix metro$441k-1.1%$1,720/mo
Arizona$417k-1.0%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Gilbert, AZ?

Yes - the typical Gilbert home value is down 0.2% over the past 12 months, at $565k (September 2026). Values are 9% below their July 2022 peak of $619k.

Is the Gilbert housing market crashing?

Home values are 9% below their July 2022 peak and down 0.2% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Gilbert, AZ?

Typical rent in Gilbert is $2,079 a month (September 2026), +1.2% over 12 months.

Is Gilbert more expensive than the rest of the Phoenix area?

The typical Gilbert home ($565k) is 28% above the Phoenix metro typical of $441k (September 2026).

More of the Phoenix area

Phoenix metro housing market · Mesa · Chandler · Scottsdale · Tempe

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index for the city of Gilbert, September 2026; days to contract for the metro area). 30-year mortgage rate: Freddie Mac PMMS. How we calculate.