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Gilbert, SC—29054

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$339,000
1.7% YoY Growth
Household Income
$88,900
38.1% YoY Growth
Days on Market
39
13.0% Shorter YoY
Home Price Forecast
1.1%
Median Rent
$2,050
8.9% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,560
1.3% YoY Growth
3-Bed Rent
$1,950
6.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Gilbert, SC

As of May '26, the median home price in Gilbert, SC is $339,000, with a year-over-year change of 1.7%. This indicates that home prices in Gilbert, SC are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$339,0001.7%
Single Family $343,0002.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$329,0003.8%
    3 Bed
    		$314,0002.6%
    4 Bed
    		$499,0002.0%
    5 Bed $631,6711.9%
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    % of Housing Stock

    Studio
    0.3%
    1 Bedroom
    2.5%
    2 Bedrooms
    19.0%
    3 Bedrooms
    49.3%
    4 Bedrooms
    23.6%
    5+ Bedrooms
    5.2%

    Rental Trends — Gilbert, SC

    As of July '25, Rentcast reports the average rent in Gilbert, SC is $2,080, with a year-over-year rent change of 8.9%. Per bedroom, the median rent as of July '25 in Gilbert, SC is 2-bedrooms: $1,500, 3-bedrooms: $2,020, 4-bedrooms: $2,560. The most common rental property sizes in Gilbert, SC are 3-bedroom and 2-bedroom, accounting for 49.3% and 38.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,050$2,080
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,560$1,500
    3 Bed Rent $1,950$2,020
    4 Bed Rent $2,200$2,560
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    % of Rental Stock

    1 Bedroom
    1.1%
    2 Bedrooms
    38.6%
    3 Bedrooms
    49.3%
    4 Bedrooms
    11.0%

    Property Listings — Gilbert, SC

    As of May '26, Realtor.com reports that the median days on market for a home in Gilbert, SC is 39. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$388,00033.0%
    Listing Count
    		1204.0%
    Listings as % of Homes0.6%4.0%
    Days on Market
    		39-13.0%
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    Demographics — Gilbert, SC

    As of the latest ACS Survey released in 2023, Gilbert, SC has a population of 10,100, which has increased by 9.5% over the past 5 years. Gilbert, SC is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 27.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		10,1009.5%
    % Under 18
    		20.5%-12.0%
    % Seniors
    		22.0%38.4%
    % WFH
    		8.3%53.7%
    % w/ College Degree
    		27.6%16.5%
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    As of the latest ACS Survey released in 2023, Gilbert, SC is a predominantly white area, with 86.5% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Gilbert, SC is hispanic, making up 6.3% of the population. Foreign-born residents account for 2.5% of the population in Gilbert, SC, and this percentage has decreased by 32.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		86.5%-5.3%
    % Black
    		2.4%14.3%
    % Hispanic
    		6.3%26.0%
    % Asian
    		0.2%-80.0%
    % Foreign Born
    		2.5%-32.4%
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    Mortgage and Risk — Gilbert, SC

    According to HUD data as of 2023, there were 473 mortgage originations in Gilbert, SC, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Gilbert, SC. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		473
    % Conventional Loans
    		73.0%
    % Government Loans
    		27.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		7.0%
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    Rentals and Section 8 — Gilbert, SC

    Gilbert, SC lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		10
    Total Units Section 8
    		10
    % Rentals under Section 8
    		2.1%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,000
    2 Bedroom-$430$1,560$1,130
    3 Bedroom-$510$1,950$1,440
    4 Bedroom-$470$2,200$1,730

    Affordability — Gilbert, SC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.4
    Median Home Price$339,000
    Median Household Income$88,900

    Gilbert, SC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Fredonia, SC

    29070

    Lexington, SC

    29072

    Lexington, SC

    29073

    Batesburg-Leesville, SC

    29006

    Chapin, SC

    29036

    Frequently Asked Questions