Housing market/Arizona/ZIP 85234
ZIP 85234 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.
ZIP brief
Email this profile
HUD schedule, ACS stock, and the 90–110% band for ZIP 85234 · AZ — sent to you.
ZIP 85234 · AZ
ACS rent vs 2BR SAFMR
ZIP 85234 — Gilbert, AZ HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 85234
- 1-unit detached14,42182.5%
- 1-unit attached8945.1%
- 2–4 units3432.0%
- 5–49 units1,3467.7%
- 50+ units3722.1%
- Mobile1120.6%
2–4 unit share 2.0% · 5–49 unit share 7.7% · combined 2–49 9.7%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,971 (all bedrooms, occupied rentals).
- Median contract rent $1,664.
- Renters paying ≥30% of income 37.1%; ≥50% 15.2%.
- FY2027 2BR SAFMR $2,090 (1.060× ACS median gross rent).
Population
49,040 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -1.7%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 228 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 85234 24.9% of occupied households are renters; vacancy is 3.9%; ACS median gross rent is $1,971; population changed -1.7% between the 2018 and 2023 ACS vintages; the housing stock includes 343 units in 2–4-unit structures and 1,346 units in 5–49-unit structures; 1 LIHTC projects totaling 228 units; FY2027 2BR SAFMR is $2,090 versus ACS median gross rent of $1,971. 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 85234 is a Census / HUD profile for Phoenix-Mesa-Chandler, AZ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 85234 — Gilbert, AZ HUD Section 8 Payment Standards / SAFMR·Arizona ZIP directory
Nearby ZIPs in this FMR area
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 85234?
ZIP 85234 (Phoenix-Mesa-Chandler, AZ MSA) has 49,040 residents, 16,810 households, a renter share of 24.9%, median household income of $118,012, and ACS 2023 median gross rent of $1,971. Vacancy is 3.9%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 85234?
ACS counts 90 units in 2-unit buildings, 253 in 3–4 unit buildings, 294 in 5–9, 845 in 10–19, and 207 in 20–49. Combined 2–49 unit stock is 1,689 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 85234?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,090. See the full schedule and 90–110% payment-standard band on the ZIP 85234 — Gilbert, AZ HUD Section 8 Payment Standards / SAFMR.
Does this Arizona ZIP profile include Georgia listings?
No. ZIP 85234 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.