Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 8,623, 2,628 total housing units (homes and apartments), and a median house value of $435,221, Gilberts real estate is some of the most expensive in Illinois, although Gilberts home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Gilberts, accounting for 69.38% of the village's housing units. Other types of housing that are prevalent in Gilberts include row houses and other attached homes ( 30.62%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gilberts. Owner-occupied housing accounts for 87.14% of Gilberts's homes, and 79.32% have either three or four bedrooms, which is average sized relative to America.
Gilberts homes and real estate are some of the newest in America. 73.96% of Gilberts's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Gilberts real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 16.74%), and before 1939 ( 6.94%). There's also some housing in Gilberts built between 1940-1969 ( 2.36%).
Appreciation rates for homes in Gilberts have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.22%, which ranks in the top 50% nationwide. This equates to an annual average Gilberts house appreciation rate of 6.64%.
Appreciation rates are so strong in Gilberts that despite a nationwide downturn in the housing market, Gilberts real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gilberts appreciation rates continue to be some of the highest in America, at 10.08%, which is higher than appreciation rates in 87.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gilberts. Gilberts appreciation rates in the latest quarter were at 2.79%, which equates to an annual appreciation rate of 11.63%.
Relative to Illinois, our data show that Gilberts's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.
$435,221
for Illinois
for nation
2,628
$3,292 / per month