Market Overview
Home Prices in Gilbert, IA
The median home value in Gilbert, IA is $341,714 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.4% compared to a year ago and up 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gilbert are priced17% below average. Gilbert is part of the Ames, IA metro area.
Over the past five years, Gilbert home values have risen by approximately32.7%, reflecting strong long-term appreciation in this market.
Price History
Gilbert Home Price Trend
City Comparison
Gilbert vs. National Median
At $341,714, homes in Gilbert cost 17% below the national median of $410,000. This makes Gilbert a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gilbert?
20% Down Payment
$68,343
on $341,714
Monthly P&I
$1,782/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,263/mo
incl. taxes & insurance
Income Needed
$90,520
gross annual (30% rule)
10% Down Option
$34,171
+ PMI applies
Loan Amount (20% dn)
$273,371
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Gilbert, IA?
The median home value in Gilbert is $341,714 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.4% year-over-year.
How much have home prices changed in Gilbert?
Over the past year, home values in Gilbert have increased by 2.4%. Over five years, prices have risen approximately 32.7%.
How much do I need to earn to buy a home in Gilbert?
To comfortably afford the median home price of $341,714 with a 20% down payment ($68,343) at today's rates (6.8%), you'd need a gross annual income of approximately $90,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Gilbert compare to the national average home price?
The national median home value is approximately $410,000. At $341,714, homes in Gilbert are 17% below the national average.
What metro area is Gilbert part of?
Gilbert is part of the Ames, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.