The typical owner-occupied home in Chandler is worth about $131,100, 40% below the Indiana median of $218,200 and 61% below the national median of $332,700. Owners pay a median $942 a year in property taxes, about 0.72% of their home's value, close to the Indiana rate of 0.74%. The median household earns $74,725 a year, so the median home costs 1.8 times the median income (3.0 times for Indiana). 85% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Chandler at a glance
| Chandler | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $131,100 | $218,200 | $332,700 |
| Median property tax paid per year | $942 | $1,614 | $3,119 |
| Property tax as a share of value | 0.72% | 0.74% | 0.94% |
| Median household income | $74,725 | $71,957 | $80,734 |
| Homes lived in by their owners | 85% | 71% | 65% |
| Owner homes with a mortgage | 70% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,148 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 14.7% | 18.1% | 21.0% |
| Median rent | $990 | $1,062 | $1,413 |
| Rent as a share of renters' income | 18.2% | 29.1% | 30.6% |
| Median year homes were built | 1973 | 1976 | 1980 |
| Vacant homes | 3.2% | 8.8% | 10.1% |
| Population | 3,978 | 6,851,073 | 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 $131,100 with 20% down costs about $839 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,057, 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 $35,949 for the 20%-down payment. That payment is 13% of the median Chandler household income of $74,725; at that income and 20% down, the 28% guideline points to a home of about $273,000.
The median rent here is $990 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $26,220 |
|---|---|
| Loan amount | $104,880 |
| Principal and interest | $706 |
| Property taxes (0.72% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| PMI | $0 |
| Total per month | $839 |
Change the numbers in the calculator
| Down payment | $4,588 |
|---|---|
| Loan amount | $128,725 |
| Principal and interest | $866 |
| Property taxes (0.72% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| FHA mortgage insurance | $58 |
| Total per month | $1,057 |
Change the numbers in the calculator
Questions about home buying in Chandler
What is the median home value in Chandler?
About $131,100 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 $942 a year, which is about 0.72% 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 $839 a month. Keeping that under 28% of gross income takes about $35,949 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