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Gilbert is 2018’s 10th Best Midsize Real-Estate Market

Crossposted from WalletHub.com

Whether you’re joining the real-estate business or just looking for a place to call home, it’s important to get a handle on the housing markets you’re considering before investing in a property. With unemployment falling and house prices rising, the market as a whole has been in a boom. But while home values are rising, up almost $16,000 on average just in the first quarter of 2018, fewer homes are being built and bought because mortgage rates are rising. However, home prices and rental rates vary widely across the U.S. based on supply and demand.

If you aim for long-term growth, equity and profit, you’ll need to look beyond tangible factors like square footage and style. Those factors certainly drive up property values. From an investor’s standpoint, though, they hold less significance than historical market trends and the economic health of residents.

To determine the best local real-estate markets in the U.S., WalletHub compared 300 cities of varying sizes across 22 key indicators of housing-market attractiveness and economic strength. Our data set ranges from median home-price appreciation to home sales turnover rate to job growth. Read on for our findings, expert insight from a panel of researchers and a full description of our methodology.

Health of Gilbert’s Real-Estate Market (1=Best; 150=Avg.):

• 61st – Avg. Days Until Sale
• 58th – Median Home-Price Appreciation
• 58th – Job Growth Rate
• 37th – % of Delinquent Mortgage Holders
• 41st – Home Price as % of Income
• 16th – Population Growth Rate

Gilbert ranks 32nd overall and 10th among midsize cities.


View the full report at WalletHub.com