The typical owner-occupied home in Chandler is worth about $507,800, 29% above the Arizona median of $394,500 and 53% above the national median of $332,700. Owners pay a median $2,258 a year in property taxes, about 0.44% of their home's value, lower than the Arizona rate of 0.48%. The median household earns $108,095 a year, so the median home costs 4.7 times the median income (4.9 times for Arizona). 65% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Chandler at a glance
| Chandler | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $507,800 | $394,500 | $332,700 |
| Median property tax paid per year | $2,258 | $1,879 | $3,119 |
| Property tax as a share of value | 0.44% | 0.48% | 0.94% |
| Median household income | $108,095 | $79,964 | $80,734 |
| Homes lived in by their owners | 65% | 67% | 65% |
| Owner homes with a mortgage | 72% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $2,044 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 20.5% | 21.0% |
| Median rent | $1,902 | $1,543 | $1,413 |
| Rent as a share of renters' income | 28.4% | 30.8% | 30.6% |
| Median year homes were built | 1997 | 1992 | 1980 |
| Vacant homes | 4.5% | 10.5% | 10.1% |
| Population | 280,136 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Chandler
At this week's average 30-year rate of 7.11%, buying the median Chandler home of $507,800 with 20% down costs about $3,131 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,977, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $134,168 for the 20%-down payment. That payment is 35% of the median Chandler household income of $108,095; at that income and 20% down, the 28% guideline points to a home of about $409,000.
The median rent here is $1,902 a month, so owning the median home costs about $1,229 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $101,560 |
|---|---|
| Loan amount | $406,240 |
| Principal and interest | $2,733 |
| Property taxes (0.44% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $212 |
| PMI | $0 |
| Total per month | $3,131 |
Change the numbers in the calculator
| Down payment | $17,773 |
|---|---|
| Loan amount | $498,602 |
| Principal and interest | $3,354 |
| Property taxes (0.44% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $212 |
| FHA mortgage insurance | $225 |
| Total per month | $3,977 |
Change the numbers in the calculator
Questions about home buying in Chandler
What is the median home value in Chandler?
About $507,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Chandler?
Homeowners pay a median $2,258 a year, which is about 0.44% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Chandler?
For the median home with 20% down at 7.11%, the payment is about $3,131 a month. Keeping that under 28% of gross income takes about $134,168 a year.
More about Chandler
- Mortgage Refinance in Chandler
- Debt Relief in Chandler
- Home Equity Loans in Chandler
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data