Gilbert, SC—29054
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gilbert, SC
As of Oct '25, the median home price in Gilbert, SC is $336,000, with a year-over-year change of 0.9%. This indicates that home prices in Gilbert, SC are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $336,000 | 0.9% |
| Single Family | $340,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $315,000 | 3.3% |
3 Bed | $313,000 | 2.6% |
4 Bed | $519,000 | 4.0% |
| 5 Bed | $657,000 | 4.1% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,050 | $2,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,560 | $1,500 |
| 3 Bed Rent | $1,950 | $2,020 |
| 4 Bed Rent | $2,200 | $2,560 |
% of Rental Stock
Property Listings — Gilbert, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Gilbert, SC is 41. This is a increase of 24.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $316,000 | 6.0% |
Listing Count | 122 | 144.0% |
| Listings as % of Homes | 0.6% | 144.0% |
Days on Market | 41 | 24.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,100 | 9.5% |
% Under 18 | 20.5% | -12.0% |
% Seniors | 22.0% | 38.4% |
% WFH | 8.3% | 53.7% |
% w/ College Degree | 27.6% | 16.5% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $336,000 |
| Median Household Income | $88,900 |