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Gilbert, IA

Full City Profile · Iowa · Story County County

3.8 /5.0
B+ Good
1,300 Population 1,182/sq mi density
$112,250 Median Income $48,295 per capita
$267,200 Home Value $326,984 Zillow
$887 Median Rent 22.9% income on rent
50°F Avg Temperature 260 sunny days/yr
120 Violent Crime/100K 1,787 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$112,250 median income, 3.1% unemployment
A+
Affordability
5.0 / 5.0
$267,200 home value, $887/mo rent
F
Safety
1.0 / 5.0
120 violent crimes/100K
A+
Education
4.6 / 5.0
45.5% bachelor's degree or higher

Housing Overview

Median Home Value
$267,200
5% below
US avg: $281,900
Median Rent
$887/mo
24% below
US avg: $1,163/mo
Homeownership Rate
86.6%
32% above US avg (65.4%)
Total Housing Units
494
Median year built: 1980

Home Value by Source

Census Median
$267,200
Zillow (ZHVI)
$326,984
Median Sale Price
$515,588
Median List Price
$334,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

86.6%
Owner-Occupied
13.4%
Renter-Occupied
87%
13%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent: $887/mo

Market Indicators (Redfin)

Median Days on Market
6 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$187
Active Inventory
4
homes for sale

Affordability & Housing Stock

Rent Burden
22.9%
of renters spending 30%+ of income on housing
26% below US avg (31.0%)
Median Year Built
1980
Average age of housing stock: 46 years
Homeownership Rate
86.6%

Complete Housing Data

Home Values

Census Median Value$267,200
Zillow Home Value (ZHVI)$326,984
Median Sale Price$515,588
Median List Price$334,900
Price Per Sq Ft$187

Rent

Census Median Rent$887
FMR Studio$738
FMR 1-Bedroom$788
FMR 2-Bedroom$989
FMR 3-Bedroom$1,282
FMR 4-Bedroom$1,420

Market

Days on Market6
Sale-to-List Ratio1.0%
Price Drops25.0%
Homes Sold4
Active Inventory4
Price Per Sq Ft$187

Ownership & Stock

Owner-Occupied86.6%
Renter-Occupied13.4%
Homeownership Rate86.6%
Total Housing Units494
Median Year Built1980
Rent Burden22.9%