The story of this market
The typical home in ZIP 85233 sells for about $525,000, or $271 per square foot.
Prices are roughly flat from a year ago (-0.94%), a market in balance. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,637 a month.
ZIP 85233 — Gilbert
The 85233 housing market is currently balanced with a median sale price of $525,000, reflecting a slight year-over-year decline of 0.94%. Market activity is characterized by 62 days on market and a sale-to-list ratio of 98%. Several metrics, including specific tax rates and detailed demographic breakdowns, are not currently published at the ZIP level.
The area serves a mix of families and investors, characterized by a balanced market environment and stable home values.
Median prices moved down 0.9% year over year.
Homes spend a median of 62 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 85233, Maricopa County AZ
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arizona) — Senior Property Valuation Protection Option (Senior Freeze): Provides a 'freeze' on the valuation of the property for tax purposes, limiting the growth of the property tax burden for eligible seniors. State (Arizona) — Arizona Property Tax Assessment: The tax is calculated by applying an assessment ratio to the property's Limited Property Value (LPV). For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Arizona Property Tax Assessment: Property tax is calculated using the formula: (Full Cash Value or Limited Property Value) x Assessment Ratio = Net Assessed Value. The Net Assessed Value is then multiplied by the local tax rate. For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Delinquent Property Tax Lien Sale and 3-Year Redemption Foreclosure: The county treasurer sells a tax lien certificate via public auction to the investor bidding the lowest annual rate of interest (ranging from 16% down to 0% per annum under A.R.S. § 42-18114). State (Arizona) — Statutory Residential Homestead Exemption: Exempts up to $400,000 of equity in an owner-occupied primary dwelling from attachment, execution, and forced sale arising from unsecured civil judgment liens.
The rental market shows steady demand with a median rent of $1,637 and a 17.31% year-over-year increase in rental listings.
Data sourced from Census Bureau and Data Commons.
- Great Wolf Lodge | Arizona4.213.9 mi
- Arizona Grand Resort & Spa4.38.7 mi
- Salt River Tubing4.718 mi
- Pecan Lake Entertainment4.213.9 mi
- Andretti Indoor Karting and Games Chandler4.34.9 mi
- Desert Botanical Garden4.810.4 mi
- Chase Field4.615.6 mi
- Mortgage Matchup Center4.615.8 mi
- Casino Arizona4.18 mi
- Phoenix Convention Center4.515.7 mi
- Desert Botanical Garden4.810.4 mi
- Phoenix Zoo4.59.9 mi
- Casino Arizona4.18 mi
- Hole in the Rock4.710.2 mi
- Harkins Theatres Arizona Mills w/IMAX4.58.7 mi
- Desert Botanical Garden4.810.4 mi
- Hole in the Rock4.710.2 mi
- McCormick-Stillman Railroad Park4.814.1 mi
- Phoenix Art Museum4.716.6 mi
- Japanese Friendship Garden of Phoenix4.416.5 mi
- Desert Botanical Garden4.810.4 mi
- Papago Park4.710.2 mi
- Hole in the Rock4.710.2 mi
- Riparian Preserve at Water Ranch4.85.1 mi
- Gilbert Regional Park4.88.6 mi
- Arizona Grand Resort & Spa4.38.7 mi
- Topgolf Gilbert4.55.1 mi
- Papago Golf Club4.311 mi
- Dobson Ranch Golf Course4.63.7 mi
- Grass Clippings Rolling Hills4.29.8 mi
- Arizona Mills4.48.6 mi
- Scottsdale Fashion Square4.612.1 mi
- Chandler Fashion Center4.55.7 mi
- Tempe Marketplace4.67.3 mi
- Phoenix Premium Outlets4.59.9 mi
- Phoenix Sky Harbor International Airport4.312.3 mi
- Mesa Gateway Airport4.410 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.