Gila Bend, AZ85337

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$201,000
12.3% YoY Growth
Median Household Income
$49,300
58.9% 5-Year Growth
Days on Market
N/A
N/A
Home Price Forecast
0.6%
Median Rent
$895
8.5% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$895
8.5% YoY Growth
3-Bed Rent
N/A
N/A

Property Listings — Gila Bend, AZ

Gila Bend, AZ lacks sufficient listing trend data for analysis.

MetricZip Code AverageYear over Year % Change
Median Listing Price
N/AN/A
Listing Count
N/AN/A
Listings as % of Homes0.3%N/A
Days on Market
N/AN/A
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Demographics — Gila Bend, AZ

As of the latest ACS Survey released in 2023, Gila Bend, AZ has a population of 2,400, which has decreased by -10.2% over the past 5 years. Gila Bend, AZ is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 7.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.6% reporting working from home.

MetricLatest CensusYoY % Change
Population
2,400-10.2%
% Under 18
28.6%-15.1%
% Seniors
14.2%71.1%
% WFH
0.6%-70.0%
% w/ College Degree
7.8%-31.0%
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As of the latest ACS Survey released in 2023, Gila Bend, AZ is a predominantly hispanic area, with 66.2% of the population identifying as hispanic. The hispanic population has grown by 24.7% in the last 5 years. The second most common race or ethnicity in Gila Bend, AZ is white, making up 18.6% of the population. Foreign-born residents account for 25.7% of the population in Gila Bend, AZ, and this percentage has increased by 28.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
18.6%-8.4%
% Black
0.0%-100.0%
% Hispanic
66.2%24.7%
% Asian
0.0%-100.0%
% Foreign Born
25.7%28.5%
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Mortgage and Risk — Gila Bend, AZ

According to HUD data as of 2023, there were 11 mortgage originations in Gila Bend, AZ, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Gila Bend, AZ. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
11
% Conventional Loans
55.0%
% Government Loans
45.0%
% Investor Loans
0.0%
% Second Loans
9.0%
% Cash Out Refinance
18.0%

Loan Activity

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Rentals and Section 8 — Gila Bend, AZ

Gila Bend, AZ lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD
24
Total Units Section 8
24
% Rentals under Section 8
8.0%
% Occupied Section 8
67.0%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$1,440
2 Bedroom$795$895$1,690
3 BedroomN/AN/A$2,290
4 BedroomN/AN/A$2,610

Affordability — Gila Bend, AZ

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio4.8
Median Home Price$201,000
Median Household Income$49,300

Gila Bend, AZ — ZIP Code Boundary Map

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Frequently Asked Questions