The story of this market
The typical home in ZIP 85234 sells for about $550,000, or $302 per square foot.
Prices are down 1.8% from a year ago, which gives buyers more room to negotiate. Homes take about 6 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,800 a month.
ZIP 85234 — Gilbert
The 85234 housing market shows a median sale price of $550,000 with a slight year-over-year decline of 1.8%. Market activity is characterized by a limited inventory of approximately 170 homes and a median of 6 days on market, indicating a competitive environment for available stock. Several metrics, including specific sale-to-list ratios and detailed tax history, were not determinable from current public reports.
This ZIP is well-suited for family buyers and professionals seeking a suburban environment with high owner-occupancy rates and access to established community amenities.
Median prices moved down 1.8% year over year.
Homes spend a median of 6 days on market with 0.0 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.
ZCTA 85234, Maricopa County AZ
The area is served by the Gilbert Unified School District, which is generally well-regarded within the region.
The area features a mix of established residential neighborhoods and ongoing suburban development, supported by proximity to major employment hubs in 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 typically commute via major arterial roads and highway corridors toward employment centers in Gilbert, Mesa, and the broader Phoenix metro area.
The ZIP code includes access to local parks, community centers, and shopping districts, with proximity to regional recreational amenities like golf courses and water features.
The rental market is characterized by steady demand, with a median asking rent of approximately $1,800 per month.
The local economy is anchored by a mix of retail, professional services, and proximity to the broader Phoenix tech and manufacturing corridor.
Parcels are subject to levies from the Gilbert Unified School District and Maricopa County special districts.
Data sourced from AreaOps/Census ZCTA profiles.
- Great Wolf Lodge | Arizona4.214.8 mi
- Arizona Grand Resort & Spa4.312.7 mi
- Salt River Tubing4.714.8 mi
- Pecan Lake Entertainment4.211.8 mi
- Andretti Indoor Karting and Games Chandler4.36.7 mi
- Desert Botanical Garden4.813.1 mi
- Chase Field4.619.1 mi
- Mortgage Matchup Center4.619.4 mi
- Casino Arizona4.110 mi
- Phoenix Convention Center4.519.3 mi
- Phoenix Zoo4.512.8 mi
- Casino Arizona4.110 mi
- Hole in the Rock4.712.9 mi
- Riparian Preserve at Water Ranch4.80.9 mi
- Harkins Theatres Arizona Mills w/IMAX4.512.6 mi
- Desert Botanical Garden4.813.1 mi
- Hole in the Rock4.712.9 mi
- McCormick-Stillman Railroad Park4.815.5 mi
- Phoenix Art Museum4.719.9 mi
- Taliesin West4.617.6 mi
- Hole in the Rock4.712.9 mi
- Riparian Preserve at Water Ranch4.80.9 mi
- Gilbert Regional Park4.87.6 mi
- Tempe Beach Park4.612.1 mi
- Frontier Family Park4.610.7 mi
- Arizona Grand Resort & Spa4.312.7 mi
- Topgolf Gilbert4.53.1 mi
- Dobson Ranch Golf Course4.67.5 mi
- Grass Clippings Rolling Hills4.212.7 mi
- Ocotillo Golf Club4.410.5 mi
- Arizona Mills4.412.5 mi
- Chandler Fashion Center4.59.7 mi
- Tempe Marketplace4.610 mi
- Lee Lee International Supermarkets4.57.5 mi
- Phoenix Sky Harbor International Airport4.315.8 mi
- Mesa Gateway Airport4.46.6 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 community park offering extensive recreational facilities and event spaces.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.