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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Gilbertsville, PA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Gilbertsville, PA Housing Market Trends

With a population of 5,508, 2,119 total housing units (homes and apartments), and a median house value of $473,086, Gilbertsville real estate is some of the most expensive in Pennsylvania, although Gilbertsville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Gilbertsville, accounting for 78.39% of the town's housing units. Other types of housing that are prevalent in Gilbertsville include large apartment complexes or high rise apartments ( 12.06%), row houses and other attached homes ( 4.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.68%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gilbertsville. Owner-occupied housing accounts for 78.95% of Gilbertsville's homes, and 73.14% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Gilbertsville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Gilbertsville built between 1940-1969 ( 22.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.61%). There's also some housing in Gilbertsville built before 1939 ( 5.06%).

Gilbertsville Home Appreciation Rates

Real estate appreciation rates in Gilbertsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.09% during the period.

NeighborhoodScout's data show that during the latest twelve months, Gilbertsville's appreciation rate, at 6.75%, has been at or slightly above the national average. In the latest quarter, Gilbertsville's appreciation rate has been 1.44%, which annualizes to a rate of 5.90%.

Relative to Pennsylvania, our data show that Gilbertsville's latest annual appreciation rate is lower than 50% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$473,086

Gilbertsville, PA Home Prices
> $1,416,000
$1,062,001 - $1,416,000
$708,001 - $1,062,000
$567,001 - $708,000
$425,001 - $567,000
$283,001 - $425,000
$141,001 - $283,000
$71,001 - $141,000
$0 - $71,000
0.1%
0.1%
0.0%
0.0%
8.6%
8.6%
15.5%
15.5%
42.2%
42.2%
23.2%
23.2%
8.1%
8.1%
0.7%
0.7%
1.6%
1.6%
0% 100.0%
% of Homes
Very High

for Pennsylvania

High

for nation

Number of Homes And Apartments:

2,119

Gilbertsville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,900 / per month

Homeownership Rate

Owners
Renters
79.0%
79.0%
21.0%
21.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.7%
1.7%
98.3%
98.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.6%
21.6%
51.3%
51.3%
22.0%
22.0%
5.1%
5.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.4%
78.4%
4.9%
4.9%
4.7%
4.7%
12.1%
12.1%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
9.0%
9.0%
14.9%
14.9%
42.9%
42.9%
30.3%
30.3%
2.9%
2.9%
0% 100.0%
% of Homes