Rent-to-Own Homes in Gilbert, AZ: What You Need to Know
Gilbert is considered one of the best places to live in the nation. The Phoenix suburb is a coveted location for its high quality of life among the Sonoran desertscape.
Cost of Living
As one of the greater Phoenix area’s most desired towns, it’s no surprise that Gilbert’s housing prices are a cut above its neighbors. Still, its daily living expenses come with a reasonable price tag when compared to national numbers. Here’s what living in Gilbert will cost on average:
Median Home Price: $399,935
Median Rent: $2,281 per month
Healthcare: 2% below the national average
Groceries: 3% below the national average
Utilities: 4% below the national average
Gas: $2.39 per gallon
State Income Tax: 2.59% - 4.5%
State Sales Tax: 5.6%
Because of Gilbert’s explosive growth, the cost of housing is expected to rise steadily over time.
Gilbert mainly offers 3-4 bedroom Southwestern-style single-family homes in neighborhoods constructed in 2000 or later. 72.6% of residents are homeowners, while 27.4% rent and 6.4% of properties remain vacant. Because housing prices are expected to increase well above the current $400,000 price point, choosing to rent-to-own in Gilbert now would be a wise investment decision.
With an unemployment rate below 4%, job opportunities in Gilbert abound. The recent expansion of the area won’t slow down anytime soon – it promises a 33% job growth projection in the near future. The average annual salary in Gilbert is $81,485. Dignity Health and Banner Health are significant employers in the area, along with Go Daddy Software, Inc, The Town of Gilbert, Gilbert Unified School District, Fry’s Marketplace, and Isagenix International.
Things to Do in Gilbert
Gilbert offers a healthy balance of suburban life in close vicinity to urban Phoenix and the great outdoors. Families, retired couples, and young professionals will all appreciate the wide variety of activities available in the well-maintained Arizona town.
Downtown Gilbert is a vibrant hub of trendy shops and worldly restaurants juxtaposed harmoniously within its old wild west facade. Each Saturday, the community gathers for fresh local produce at the farmer’s market. TopGolf attracts and entertains residents of all ages. At the southern edge of town, San Tan Mountain Regional Park provides hiking trails with breathtaking desert views.
Schools and Education
The safe and state-acclaimed schools in Gilbert are yet another draw for relocating families. The education system boasts a 93% high school graduation rate and higher-than-average test scores. In total, there are 75 public schools and 10 private schools within the town’s boundaries.