Gilcrest—80623
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gilcrest
As of Oct '25, the median home price in Gilcrest is $354,000, with a year-over-year change of -1.4%. This indicates that home prices in Gilcrest are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $354,000 | -1.4% |
| Single Family | $354,000 | -1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $353,000 | -1.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gilcrest
As of July '25, Rentcast reports the average rent in Gilcrest is $2,100, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Gilcrest is 3-bedrooms: $2,100. The most common rental property sizes in Gilcrest are 3-bedroom and 4-bedroom, accounting for 42.1% and 36.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,100 | $2,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gilcrest
As of Oct '25, Realtor.com reports that the median days on market for a home in Gilcrest is 51. This is a decrease of -58.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $360,000 | -20.0% |
Listing Count | 2 | -36.0% |
| Listings as % of Homes | 1.0% | -36.0% |
Days on Market | 51 | -58.0% |
Demographics — Gilcrest
As of the latest ACS Survey released in 2023, Gilcrest has a population of 987, which has increased by 3.8% over the past 5 years. Gilcrest is a popular place for families, as children make up 31.0% of the population. The area has a poorly educated workforce, with 5.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 987 | 3.8% |
% Under 18 | 31.0% | 16.1% |
% Seniors | 7.8% | -43.9% |
% WFH | 2.4% | 0.0% |
% w/ College Degree | 5.9% | -61.4% |
As of the latest ACS Survey released in 2023, Gilcrest is a predominantly hispanic area, with 72.5% of the population identifying as hispanic. The hispanic population has grown by 49.2% in the last 5 years. The second most common race or ethnicity in Gilcrest is white, making up 27.4% of the population. Foreign-born residents account for 16.4% of the population in Gilcrest, and this percentage has decreased by 4.7% 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 | 27.4% | -46.7% |
% Black | 0.9% | ∞% |
% Hispanic | 72.5% | 49.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 16.4% | -4.7% |
Mortgage and Risk — Gilcrest
Gilcrest lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Gilcrest
Gilcrest lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,410 |
| 2 Bedroom | N/A | N/A | $1,790 |
| 3 Bedroom | $410 | $2,100 | $2,510 |
| 4 Bedroom | N/A | N/A | $2,860 |
Affordability — Gilcrest
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $354,000 |
| Median Household Income | $66,800 |