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Gilbert, AZ Rental Property Comparison of two zip codes; 85296 & 85234!

Gilbert, AZ Rental Property Comparison of two zip codes; 85296 & 85234!
By Lisa Borchard Sunday, March 17, 2019

Real Property Management Phoenix Valley compiled a comparison of the Gilbert rental zip code 85234 and the Gilbert rental zip code of 85296 during the time periods of 2015 - 2018.  Real Property Management Phoenix Phoenix Valley utilized data from the MLS (Multiple Listing System).
 
The 85234 Gilbert zip code is west of Power, east of Gilbert, south of Baseline and north of Elliott.  The total population is just under 51, 000.
 
The 85296 zip code is west of Power, east of Gilbert, south of Elliott and north of Ray.  The total population is around 42, 500.



Real Property Management Phoenix Valley comprised the above spreadsheets which illustrate the year, zip code, number of properties that rented, average rent and average days on the market for both the 85234 and 85296 zip codes.  The 85296 Gilbert zip code saw an increase in rental prices from 2017 to 2018 of 9% whereas the 85234 zip code saw an increase of less than 7%.  Interestingly the homes in the 85296 zip code rented much faster than the 85234 zip code in 2018.    The 85234 zip code is comprised of almost 23% renters whereas the 85296 zip code is comprised of almost 30% renters.  Both zip codes are excellent for owning investment property as average income in 85234 is approximately $98K and $104K for zip code 85296.  For more information about the zip code in which you own a rental or are looking to purchase a rental please contact us at 602-358-8130.   
For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
Real Property Management Phoenix Phoenix
www.rpmphoenixvalley.com
602-358-8130
info@rpmphoenixvalley.com   

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Lisa Borchard
President and Designated Broker
Lisa is the President and Designated Broker of Real Property Management Phoenix Valley. Her extensive experience spans residential lending, property management, real estate sales, and homeowner association management. She brings the same level of diligence, management, and commitment to her clients' investment properties as she does to her own residential rental properties.
Lisa is the President and Designated Broker of Real Property Management Phoenix Valley. Her extensive experience spans residential lending, property management, real estate sales, and homeowner association management. She brings the same level of diligence, management, and commitment to her clients' investment properties as she does to her own residential rental properties.
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