Chandler, AZ
Maricopa County · Pop. 275,987
Ranked #144 of 243 cities
36Crisis
Median Home Price
🏠$460K
3.8% YoY
Median Rent
🔑$1,650
3.0% YoY
Median Income
💰$82K
Rent Burden
📊28.0%
% of income to rent
Income to Buy
🏦$132K
annual income needed
Income to Rent
📝$66K
annual income needed
Price-to-Income
⚖️5.6x
Homeownership
🏡65.0%
Rent vs. Buy
Buy
$2,448/mo
Est. mortgage (7%, 20% down)
Need $132K/yr income
Rent
$1,650/mo
Median rent
Need $66K/yr income
How Chandler Compares
| Metric | Chandler | Arizona | National |
|---|---|---|---|
| Home Price | $460K | $411K | $410K |
| Rent | $1,650 | $1,608 | $1,500 |
| Income | $82K | $77K | $75K |
| Rent Burden | 28.0% | 34.1% | 30.0% |
Key Takeaways
- • Home prices in Chandler are 12% higher than the national average.
- • Rent is 10% higher than the national average.
- • You need an income of $132K to comfortably buy a home here.
- • The homeownership rate is 65.0%, compared to 65.0% nationally.