Gilberts, IL—60136
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gilberts, IL
As of Oct '25, the median home price in Gilberts, IL is $396,000, with a year-over-year change of 4.2%. This indicates that home prices in Gilberts, IL are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $396,000 | 4.2% |
| Single Family | $419,000 | 3.5% |
| Condos | $285,000 | 4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $285,000 | 4.0% |
3 Bed | $337,000 | 6.3% |
4 Bed | $473,000 | 1.5% |
| 5 Bed | $541,000 | 2.7% |
% of Housing Stock
Rental Trends — Gilberts, IL
As of July '25, Rentcast reports the average rent in Gilberts, IL is $2,510, with a year-over-year rent change of -14.9%. Per bedroom, the median rent as of July '25 in Gilberts, IL is 2-bedrooms: $2,340, 3-bedrooms: $2,770. The most common rental property sizes in Gilberts, IL are 2-bedroom and 4-bedroom, accounting for 52.6% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,510 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,250 | $2,340 |
| 3 Bed Rent | $2,600 | $2,770 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gilberts, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Gilberts, IL is 25. This is a decrease of -27.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $429,000 | 0.0% |
Listing Count | 26 | 43.0% |
| Listings as % of Homes | 0.5% | 43.0% |
Days on Market | 25 | -27.0% |
Demographics — Gilberts, IL
As of the latest ACS Survey released in 2023, Gilberts, IL has a population of 8,620, which has increased by 11.4% over the past 5 years. Gilberts, IL is a popular place for families, as children make up 27.9% of the population. The area has a highly educated workforce, with 49.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,620 | 11.4% |
% Under 18 | 27.9% | -16.0% |
% Seniors | 13.4% | 204.5% |
% WFH | 22.1% | 414.0% |
% w/ College Degree | 49.3% | 10.0% |
As of the latest ACS Survey released in 2023, Gilberts, IL is a predominantly white area, with 68.2% of the population identifying as white. The white population has grown by 13.5% in the last 5 years. The second most common race or ethnicity in Gilberts, IL is hispanic, making up 17.4% of the population. Foreign-born residents account for 13.0% of the population in Gilberts, IL, and this percentage has decreased by 38.4% 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 | 68.2% | 13.5% |
% Black | 0.2% | -97.6% |
% Hispanic | 17.4% | 2.4% |
% Asian | 6.9% | -48.5% |
% Foreign Born | 13.0% | -38.4% |
Mortgage and Risk — Gilberts, IL
According to HUD data as of 2023, there were 372 mortgage originations in Gilberts, IL, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Gilberts, IL. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 372 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Gilberts, IL
Gilberts, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,940 |
| 2 Bedroom | -$60 | $2,250 | $2,190 |
| 3 Bedroom | $220 | $2,600 | $2,820 |
| 4 Bedroom | N/A | N/A | $3,310 |
Affordability — Gilberts, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $396,000 |
| Median Household Income | $124,000 |