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Housing market/Arizona/ZIP 85233

ACS 2023 · FY2027 SAFMR

ZIP 85233 Gilbert, Arizona

Phoenix-Mesa-Chandler, AZ MSA · Arizona. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
37,841
Households
14,719
Median HH income
$105,154
Renter share
28.5%
Median gross rent
$1,895
Vacancy
2.4%
Pop. change
+7.2%
2BR SAFMR
$2,030
SAFMR / rent
1.071×
2–49 unit stock
1,830
LIHTC proj / units
1 / 100
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 85233 · AZ — sent to you.

ZIP 85233 · AZ

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ACS rent vs 2BR SAFMR

ZIP 85233 — Gilbert, AZ HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,895
2BR SAFMR$2,030
90% floor$1,827
110% ceiling$2,233

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 85233

  • 1-unit detached12,07680.1%
  • 1-unit attached5493.6%
  • 2–4 units2541.7%
  • 5–49 units1,57610.5%
  • 50+ units6254.1%
TypeUnitsShare
1-unit detached12,07680.1%
1-unit attached5493.6%
2 units (duplex)350.2%
3–4 units2191.5%
5–9 units7364.9%
10–19 units6264.2%
20–49 units2141.4%
50+ units6254.1%
Mobile00.0%

2–4 unit share 1.7% · 5–49 unit share 10.5% · combined 2–49 12.1%.

Units by bedrooms

Studio
200
1BR
964
2BR
2,139
3BR
6,758
4BR
3,731
5+
1,288

Rent burden

Rent ≥30% of income42.9%
Rent ≥50% of income16.7%
  • ACS median gross rent $1,895 (all bedrooms, occupied rentals).
  • Median contract rent $1,684.
  • Renters paying ≥30% of income 42.9%; ≥50% 16.7%.
  • FY2027 2BR SAFMR $2,030 (1.071× ACS median gross rent).

Population

37,841 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +7.2%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 100 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 13,304 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 85233 28.5% of occupied households are renters; vacancy is 2.4%; ACS median gross rent is $1,895; population increased +7.2% between the 2018 and 2023 ACS vintages; the housing stock includes 254 units in 2–4-unit structures and 1,576 units in 5–49-unit structures; 1 LIHTC projects totaling 100 units; FY2027 2BR SAFMR is $2,030 versus ACS median gross rent of $1,895. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Arizona research

ZIP 85233 is a Census / HUD profile for Phoenix-Mesa-Chandler, AZ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 85233 — Gilbert, AZ HUD Section 8 Payment Standards / SAFMR·Arizona ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
85001Phoenix-Mesa-Chandler, AZ MSA——$1,74085002Phoenix-Mesa-Chandler, AZ MSA——$1,74085003Phoenix-Mesa-Chandler, AZ MSA70.1%$1,258$1,61085004Phoenix-Mesa-Chandler, AZ MSA76.4%$1,759$1,95085005Phoenix-Mesa-Chandler, AZ MSA——$1,74085006Phoenix-Mesa-Chandler, AZ MSA60.5%$1,168$1,38085007Phoenix-Mesa-Chandler, AZ MSA55.8%$1,079$1,38085008Phoenix-Mesa-Chandler, AZ MSA69.2%$1,300$1,48085009Phoenix-Mesa-Chandler, AZ MSA49.3%$1,128$1,38085010Phoenix-Mesa-Chandler, AZ MSA——$1,74085011Phoenix-Mesa-Chandler, AZ MSA——$1,74085012Phoenix-Mesa-Chandler, AZ MSA61.0%$1,693$1,870

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Arizona research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 85233?

ZIP 85233 (Phoenix-Mesa-Chandler, AZ MSA) has 37,841 residents, 14,719 households, a renter share of 28.5%, median household income of $105,154, and ACS 2023 median gross rent of $1,895. Vacancy is 2.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 85233?

ACS counts 35 units in 2-unit buildings, 219 in 3–4 unit buildings, 736 in 5–9, 626 in 10–19, and 214 in 20–49. Combined 2–49 unit stock is 1,830 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 85233?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,030. See the full schedule and 90–110% payment-standard band on the ZIP 85233 — Gilbert, AZ HUD Section 8 Payment Standards / SAFMR.

Does this Arizona ZIP profile include Georgia listings?

No. ZIP 85233 is Census / HUD research for Phoenix-Mesa-Chandler, AZ MSA. Jeff Crowe CRE does not list Arizona property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.