Chandler, AZ—85224
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chandler, AZ
As of Oct '25, the median home price in Chandler, AZ is $452,000, with a year-over-year change of -4.1%. This indicates that home prices in Chandler, AZ are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $452,000 | -4.1% |
| Single Family | $459,000 | -4.2% |
| Condos | $283,000 | -4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $231,000 | -5.3% |
2 Bed | $329,000 | -4.1% |
3 Bed | $450,000 | -3.8% |
4 Bed | $535,000 | -3.8% |
| 5 Bed | $721,000 | -2.4% |
% of Housing Stock
Rental Trends — Chandler, AZ
As of July '25, Rentcast reports the average rent in Chandler, AZ is $2,090, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Chandler, AZ is studios: $1,370, 1-bedrooms: $1,440, 2-bedrooms: $1,820, 3-bedrooms: $2,350, 4-bedrooms: $2,830. The most common rental property sizes in Chandler, AZ are 2-bedroom and 3-bedroom, accounting for 36.2% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,020 | $2,090 |
| Studio Rent | $1,470 | $1,370 |
| 1 Bed Rent | $1,450 | $1,440 |
| 2 Bed Rent | $1,880 | $1,820 |
| 3 Bed Rent | $2,320 | $2,350 |
| 4 Bed Rent | $2,700 | $2,830 |
% of Rental Stock
Property Listings — Chandler, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Chandler, AZ is 55. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | -5.0% |
Listing Count | 109 | 29.0% |
| Listings as % of Homes | 0.4% | 29.0% |
Days on Market | 55 | 28.0% |
Demographics — Chandler, AZ
As of the latest ACS Survey released in 2023, Chandler, AZ has a population of 48,300, which has increased by 9.0% over the past 5 years. Chandler, AZ is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 40.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,300 | 9.0% |
% Under 18 | 20.7% | -11.5% |
% Seniors | 13.1% | 33.7% |
% WFH | 19.8% | 253.6% |
% w/ College Degree | 40.0% | 3.6% |
As of the latest ACS Survey released in 2023, Chandler, AZ is a predominantly white area, with 55.4% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Chandler, AZ is hispanic, making up 22.5% of the population. Foreign-born residents account for 12.3% of the population in Chandler, AZ, and this percentage has decreased by 3.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 55.4% | -7.5% |
% Black | 4.6% | 4.5% |
% Hispanic | 22.5% | 7.7% |
% Asian | 9.7% | 11.5% |
% Foreign Born | 12.3% | -3.9% |
Mortgage and Risk — Chandler, AZ
According to HUD data as of 2023, there were 664 mortgage originations in Chandler, AZ, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Chandler, AZ. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 664 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Chandler, AZ
As of 2024, the percent of homes in Chandler, AZ under the Section 8 program is 1.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Chandler, AZ, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 190 |
Total Units Section 8 | 134 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $600 | $1,450 | $2,050 |
| 2 Bedroom | $500 | $1,880 | $2,380 |
| 3 Bedroom | $880 | $2,320 | $3,200 |
| 4 Bedroom | $880 | $2,700 | $3,580 |
Affordability — Chandler, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $452,000 |
| Median Household Income | $90,900 |