One of Arizona’s most desirable cities
Discover Gilbert's Real Estate
Gilbert, Arizona lies in the southeastern section of the vast Phoenix Metropolitan Area and is just south of Mesa. Largely a commuter community with many residents working in nearby Phoenix, Gilbert is a highly sought-after city thanks to its excellent schools, good housing, and extremely low crime rate. These characteristics have resulted in Gilbert being among the fastest growing cities in Arizona for decades and the city is often mentioned on lists of the best places to live in the state.
Culture, History, and Business
The construction of a rail line between Phoenix and Florence, Arizona in 1902 was the impetus that led to the establishment of Gilbert. In 1910, the first store opened, which was followed by a post office two years later. Soon after the area became a haven for Mormon refugees who were fleeing north from Mexico. In 1920 it was incorporated as a town and became a thriving agricultural community, leading to its nickname “The Hay Capital of the World.”
Today, Gilbert is primarily a suburban community with many residents working in Phoenix, Mesa or other cities in the metropolitan area. However, it does have a strong economy of its own, especially in the health and technology industries. Additionally, the public school system—which is among the best in the country—is a major employer, as is the large retail sector.
Real Estate Appeal
Gilbert has exceptional real estate investment potential due to its very high desirability. In 2019, the city of Gilbert was ranked the fourth-safest community in the country and the seventh-best place to raise a family. Overall, Gilbert ranks as the twelfth-best place in the United States in terms of livability, which has resulted in high demand for properties here. That has resulted in a healthy real estate market where prices tend to rise at a good rate for investors. In recent years, the median selling price has begun to overtake the median listing price.
Gilbert’s excellent quality of life—and in particular its fantastic school system—has also made it a reliable market for rental income properties. Many families want to live in Gilbert, even if they don’t intend to buy a house here. As a result, investors can make a good return on rental properties. Airbnbs also offer very good returns with incomes that are sometimes twice as high as traditional rents.
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