By Jennifer Conrad, Managing Editor
Gilbert has rapidly evolved from a tranquil town into one of the most vibrant mid-sized cities in the United States. With an astounding GDP growth of 38%, Gilbert is leading the pack among mid-sized cities, creating a sense of urgency for potential investors and homebuyers to seize the opportunities in this rapidly growing city.
Why Gilbert is on the Rise
Gilbert’s appeal is clear. The city’s impressive economic performance, scoring 67 points in growth metrics, is nearly 10 points ahead of runner-up Jersey City. This isn’t just about numbers, though. It’s about a thriving community thanks to strategic initiatives and robust infrastructure projects. Families and businesses are flocking to Gilbert, with the population increasing by 10% from 2018 to 2022. And why wouldn’t they? Gilbert offers excellent schools, beautiful parks, and a welcoming community vibe.
Significant Changes on the Horizon
One of the most significant factors behind Gilbert’s rise is its commitment to building a better future. The Ocotillo Bridge and Road Extension project is a prime example. This project, which began on July 16, 2024, is set to transform connectivity and safety in the area.
Mayor Brigette Peterson summed it up perfectly:
“This bridge is all about connections. We’re making them in so many different ways. This bridge will connect our residents to Gilbert Regional Park. They will come into this park, and we’ll see it grow and flourish for many years.”
When completed, the Ocotillo Bridge will drastically reduce emergency response times in South Gilbert, enhancing the effectiveness of Gilbert Fire & Rescue services. This means faster help in emergencies and a safer community. The bridge, chosen by community vote, will cater to vehicles, pedestrians, and bicyclists, making Gilbert more connected and accessible.
Real Estate on the Move
All these developments are significantly impacting Gilbert’s real estate market. As of July 2024, the median list price for single-family homes is $699,900, with new listings averaging $579,950. Homes are selling quickly, averaging just 35 days on the market. Plus, the inventory has increased by 503 homes, showing a market ready to meet growing demand.
Community Involvement and a Bright Future
Gilbert’s strong sense of community sets it apart. The Ocotillo Bridge project is a great example. Back in 2022, residents got to vote on the bridge’s design, showing a true sense of ownership and engagement. This active involvement of the community in Gilbert’s development makes every resident feel included and part of the city’s growth. Funded through a transportation bond approved by voters in November 2021, the project is expected to be completed by Summer 2026.
As Gilbert continues to grow, its blend of economic strength, new infrastructure, and community spirit make it a standout mid-sized city. The impact on the real estate market is clear: rising home values and increasing demand reflect Gilbert’s growing appeal. For homebuyers and investors, Gilbert is not just a place to live—it’s a vibrant community with a promising future, instilling a sense of optimism and hope about their investment in Gilbert.
