News Summary
Gilbert, Arizona, has been recognized as the 7th best real estate market in the U.S. according to WalletHub’s analysis of 300 cities. The city’s housing market shows strong indicators such as a median credit score of 747, 40% appreciation in median home prices, and a family-friendly community environment. Local developments like The Gilmore project are expected to enhance the area further. Despite some mixed trends in the broader Arizona market, Gilbert remains a desirable destination for homebuyers and investors alike.
Gilbert, Arizona has recently achieved recognition as one of the best real estate markets in the United States, placing 7th overall in an analysis conducted by WalletHub. The assessment involved a comprehensive evaluation of 300 cities using a total of 17 different metrics that gauge the housing market’s health and attractiveness.
Key performance indicators in this analysis included housing affordability, job growth, building permit activity, median days on the market, and maintenance affordability. These metrics pointed to a robust housing market within Gilbert, which features a commendable median credit score of 747. This elevated credit score contributes to favorable interest rates for potential homebuyers, enhancing their purchasing power.
Moreover, Gilbert has observed a remarkable 40% appreciation in median home prices over varying periods of home ownership. This surge is indicative of the area’s growing desirability, particularly among families seeking a vibrant community with ample amenities.
The local real estate landscape has been enriched by the community’s family-friendly nature. Real estate professionals describe Gilbert as akin to a “family-friendly Scottsdale,” highlighting the abundance of restaurants, shops, and A-rated schools that contribute to its appeal. These factors are essential in attracting families and individuals looking for a high quality of life.
In addition to Gilbert, other Arizona locations were also recognized in the WalletHub ranking, with Chandler at 21st, Peoria at 23rd, and Surprise at 25th. At the very top of the list was McKinney, Texas, while New Orleans, Louisiana, was rated the lowest among the assessed cities.
Geographically, Gilbert is located southeast of Phoenix in Maricopa County, approximately 18 miles from Scottsdale. The city is celebrated not just for its housing market but also for its economic diversity and the strong support it offers to local businesses. Furthermore, the cost of living in Gilbert is considered attractive, making it an ideal choice for many seeking to relocate.
An exciting development contributing to Gilbert’s growth is the construction of The Gilmore, a $225 million mixed-use project. This development is expected to significantly enhance the local community and will comprise 300 luxury apartments, a hotel, and around 200,000 square feet of retail space. The Gilmore project has already secured over 25 leases for retail operations, featuring well-known chains such as Safeway and Jersey Mike’s, promising a thriving commercial environment.
Despite the positive indicators for Gilbert’s real estate market, the broader housing market in Arizona is currently mixed. Recent trends indicate slight declines in home prices, even as sales and housing supply have increased. By June 2025, the medium sale price for homes across Arizona was recorded at $444,500, representing a 1.3% year-over-year decrease. Concurrently, there were 48,344 homes available for sale, a notable 24.7% increase from the previous year.
Another critical factor shaping the housing market is the current high mortgage rates, which hover around 6.72% for a 30-year fixed mortgage. Although this poses challenges for potential homebuyers, the state has seen a net influx of 6,300 people into Phoenix from other metropolitan areas between May and July 2025, intensifying demand for housing and highlighting Gilbert’s desirability.
In conclusion, Gilbert, Arizona, stands out as a promising market for potential homeowners, buoyed by its favorable metrics, community features, and ongoing developments like The Gilmore. As it continues to evolve, Gilbert’s position as a top-ranked destination for real estate lends optimism for both residents and investors alike.
Deeper Dive: News & Info About This Topic
- Arizona Community Named One of Nation’s Top Real Estate Markets
- Wikipedia: Real Estate
- The Gilmore Project Breaks Ground in Gilbert
- Encyclopedia Britannica: Real Estate
- Arizona Housing Market Forecast
- Google Search: Arizona Real Estate Market
- This Southwestern Suburb Has Been Branded The New Florida
- Google News: Gilbert Arizona Real Estate
- Phoenix Magazine’s Top 50 Real Estate Agents of 2025
Author: STAFF HERE PHOENIX WRITER
PHOENIX STAFF WRITER The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.
