Chandler, Arizona Housing Market Prices
Chandler Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 30% above the Arizona median$476,562
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Median rent 23% above the Arizona median$1,897
Housing Market Overview
| Metric | Chandler | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $476,562 | $367,851 | $248,835 |
| Price Trend (Annual %) | 9.5% | 11.9% | 7.5% |
| Median Gross Rent | $1,897 | $1,543 | $1,407 |
| Rent Trend (Annual %) | 6.4% | 6.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chandler is about 30% higher than in Arizona. Rent is about 23% higher than the Arizona average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Chandler, up about 9.5% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Chandler rose about 69.9% between 2015 and 2024, from $1,117 to $1,897. Over the same span, rent in Arizona rose about 69.1%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Chandler.
Buying the median-priced home in Chandler costs roughly 20.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Chandler. The price-to-rent ratio in Arizona is about 19.9.
| Metric | Chandler | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $476,562 | $367,851 | $248,835 |
| Median Household Income | $109,499 | $80,381 | $80,455 |
| Price-to-Income Ratio | 4.4 | 4.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Chandler rose about 128.8%, while median household income rose about 48.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Chandler | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.5% | 60.3% | 58.5% |
| Rental Rate | 34.1% | 29.2% | 31.2% |
| Vacancy Rate | 4.4% | 10.6% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Chandler has a homeownership rate of 61.5%, higher than the Arizona average of 60.3%. Its housing vacancy rate is 4.4%, compared with 10.6% in Arizona.
Housing Stock
| Metric | Chandler | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.53 people | 2.53 people |
| Median Structure Built Year | 1996 | 1991 | 1978 |
| Median Number of Rooms | 5.5 | 5.3 | 5.5 |
The typical housing unit in Chandler was built around 1996. On average, 2.6 people live in a home with about 5.5 rooms, staying for about 11.0 years on average.
Chandler, AZ Housing Compared With Nearby Cities
How Chandler, AZ compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Chandler, AZ | 269,220 | $476,562 #2/3 | $1,897 #2/3 | 64.3% #2/3 |
| Gilbert, AZ | 272,475 | $567,335 | $2,109 | 73.1% |
| Tempe, AZ | 185,665 | $437,857 | $1,734 | 42.4% |
Frequently Asked Questions
Common questions about the housing market in Chandler, Arizona.
What is the median home price in Chandler, Arizona?
The median home price in Chandler, Arizona is $476,562, higher than the Arizona average of $367,851.
What is the average home price in Chandler, Arizona?
The typical home price in Chandler, Arizona, reported as the median sale price, is $476,562. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Chandler, Arizona?
The median gross rent in Chandler, Arizona is $1,897 per month, higher than the Arizona average of $1,543.
What was the median gross rent in Chandler in 2020?
In 2020, the median gross rent in Chandler, Arizona was $1,377 per month.
What is the price-to-rent ratio in Chandler, Arizona?
The price-to-rent ratio in Chandler, Arizona is about 20.9, meaning it would take roughly 20.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Chandler.
Are home prices or rent rising faster in Chandler, Arizona?
Both home prices and rent are rising in Chandler, up about 9.5% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Chandler, Arizona?
61.5% of households in Chandler, Arizona own their home, higher than the Arizona average of 60.3%.
What is the vacancy rate in Chandler, Arizona?
The housing vacancy rate in Chandler, Arizona is 4.4%, lower than the Arizona average of 10.6%.
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