Chandler, AZ—85248
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 $563,000, with a year-over-year change of -2.8%. 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 | $563,000 | -2.8% |
| Single Family | $571,000 | -3.1% |
| Condos | $466,000 | -1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $455,000 | -4.0% |
3 Bed | $574,000 | -3.0% |
4 Bed | $761,000 | -1.9% |
| 5 Bed | $964,000 | -2.1% |
% of Housing Stock
Rental Trends — Chandler, AZ
As of July '25, Rentcast reports the average rent in Chandler, AZ is $3,090, with a year-over-year rent change of 9.6%. Per bedroom, the median rent as of July '25 in Chandler, AZ is 1-bedrooms: $2,700, 2-bedrooms: $2,970, 3-bedrooms: $3,030, 4-bedrooms: $3,610. The most common rental property sizes in Chandler, AZ are 2-bedroom and 1-bedroom, accounting for 45.2% and 39.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $3,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $2,700 |
| 2 Bed Rent | $2,500 | $2,970 |
| 3 Bed Rent | $2,800 | $3,030 |
| 4 Bed Rent | $3,000 | $3,610 |
% 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 58. This is a increase of 39.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $527,000 | -6.0% |
Listing Count | 304 | 69.0% |
| Listings as % of Homes | 1.1% | 69.0% |
Days on Market | 58 | 39.0% |
Demographics — Chandler, AZ
As of the latest ACS Survey released in 2023, Chandler, AZ has a population of 37,500, which has increased by 12.5% over the past 5 years. Chandler, AZ is a less popular place for families, as children make up 14.0% of the population. The area has a highly educated workforce, with 51.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,500 | 12.5% |
% Under 18 | 14.0% | 2.2% |
% Seniors | 40.2% | -3.4% |
% WFH | 25.6% | 163.9% |
% w/ College Degree | 51.9% | 9.0% |
As of the latest ACS Survey released in 2023, Chandler, AZ is a predominantly white area, with 70.2% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Chandler, AZ is asian, making up 12.9% of the population. Foreign-born residents account for 15.5% of the population in Chandler, AZ, and this percentage has increased by 16.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.2% | -5.6% |
% Black | 3.4% | 70.0% |
% Hispanic | 7.7% | -13.5% |
% Asian | 12.9% | 25.2% |
% Foreign Born | 15.5% | 16.5% |
Mortgage and Risk — Chandler, AZ
According to HUD data as of 2023, there were 782 mortgage originations in Chandler, AZ, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Chandler, AZ. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 782 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Chandler, AZ
As of 2024, the percent of homes in Chandler, AZ under the Section 8 program is 0.9%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Chandler, AZ, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 43 |
Total Units Section 8 | 43 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $2,000 | $2,050 |
| 2 Bedroom | -$120 | $2,500 | $2,380 |
| 3 Bedroom | $400 | $2,800 | $3,200 |
| 4 Bedroom | $580 | $3,000 | $3,580 |
Affordability — Chandler, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $563,000 |
| Median Household Income | $94,200 |