The story of this market
The typical home in ZIP 85297 sells for about $603,250, or $267 per square foot.
Prices are down 3.1% from a year ago, which gives buyers more room to negotiate. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $2,268 a month.
ZIP 85297 — Gilbert
The 85297 housing market is currently experiencing a period of price adjustment with a year-over-year decline in median sale prices. While supply remains tight, the market is showing signs of stabilization as days on market have decreased compared to the previous year. Some metrics such as specific demographic breakdowns and historical tax data were not available at the ZIP level.
This ZIP is ideal for families seeking suburban living, high-quality schools, and modern housing stock, as well as commuters working in the surrounding East Valley tech and business corridors.
Median prices moved down 3.1% year over year.
Homes spend a median of 52 days on market with 2.4 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
Built from 491 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
ZCTA 85297, Maricopa County, AZ
The area is served by the Gilbert Unified School District, which generally maintains high performance ratings and is a primary draw for families in the region.
The area is characterized by rapid suburban expansion with significant residential development and proximity to major employment hubs in the East Valley of the Phoenix metropolitan area.
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.
Residents primarily commute via the Loop 202 freeway, providing access to major employment centers in Chandler, Mesa, and Tempe.
The area features numerous community parks, walking trails, and proximity to regional recreational facilities and shopping centers like SanTan Village.
The rental market has seen a recent cooling trend with year-over-year rent declines, reflecting broader regional adjustments in housing demand.
The local economy is driven by the broader Phoenix East Valley employment base, including sectors such as technology, healthcare, and professional services.
Parcels are subject to various special districts including school districts, community college districts, and municipal utility service areas.
Data sourced from Census Bureau ZCTA profiles.
- Arizona Grand Resort & Spa4.315.3 mi
- Salt River Tubing4.719.8 mi
- Pecan Lake Entertainment4.26.6 mi
- Andretti Indoor Karting and Games Chandler4.34.4 mi
- Golfland Sunsplash4.29.8 mi
- Desert Botanical Garden4.817.7 mi
- Casino Arizona4.115.1 mi
- Arizona Grand Resort & Spa4.315.3 mi
- ASU Gammage4.615.3 mi
- Culinary Dropout4.416.1 mi
- Queen Creek Olive Mill4.69.4 mi
- Riparian Preserve at Water Ranch4.86 mi
- Pecan Lake Entertainment4.26.6 mi
- Arizona Museum of Natural History4.711.3 mi
- Mesa Arts Center4.711 mi
- Desert Botanical Garden4.817.7 mi
- Hole in the Rock4.717.5 mi
- Arizona Museum of Natural History4.711.3 mi
- Mesa Arts Center4.711 mi
- LEGOLAND Discovery Center Arizona4.315.3 mi
- Riparian Preserve at Water Ranch4.86 mi
- Gilbert Regional Park4.81.4 mi
- Frontier Family Park4.67.3 mi
- Freestone District Park4.76 mi
- Desert Breeze Park4.711.1 mi
- Topgolf Gilbert4.53 mi
- Dobson Ranch Golf Course4.610.8 mi
- Ocotillo Golf Club4.48.2 mi
- Westgate Painted Mountain Golf Resort4.112.3 mi
- Kokopelli Golf Club3.38.3 mi
- Chandler Fashion Center4.59.8 mi
- Lee Lee International Supermarkets4.59.2 mi
- SanTan Village4.52.4 mi
- WinCo Foods4.69.2 mi
- Mesa Market Place4.410.2 mi
- Phoenix Sky Harbor International Airport4.319.4 mi
- Mesa Gateway Airport4.44.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major open-air shopping and dining destination serving the Gilbert area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.