The typical owner-occupied home in Chandler is worth about $161,100, 51% below the Minnesota median of $329,300 and 52% below the national median of $332,700. Owners pay a median $1,200 a year in property taxes, about 0.74% of their home's value, lower than the Minnesota rate of 1.02%. The median household earns $96,786 a year, so the median home costs 1.7 times the median income (3.7 times for Minnesota). 70% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Chandler at a glance
| Chandler | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $161,100 | $329,300 | $332,700 |
| Median property tax paid per year | $1,200 | $3,357 | $3,119 |
| Property tax as a share of value | 0.74% | 1.02% | 0.94% |
| Median household income | $96,786 | $89,062 | $80,734 |
| Homes lived in by their owners | 70% | 72% | 65% |
| Owner homes with a mortgage | 24% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,063 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 15.8% | 19.7% | 21.0% |
| Median rent | $806 | $1,280 | $1,413 |
| Rent as a share of renters' income | 13.3% | 29.2% | 30.6% |
| Median year homes were built | 1964 | 1979 | 1980 |
| Vacant homes | 0.0% | 9.3% | 10.1% |
| Population | 331 | 5,739,445 | 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 $161,100 with 20% down costs about $1,033 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,302, 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 $44,291 for the 20%-down payment. That payment is 13% of the median Chandler household income of $96,786; at that income and 20% down, the 28% guideline points to a home of about $352,000.
The median rent here is $806 a month, so owning the median home costs about $227 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,220 |
|---|---|
| Loan amount | $128,880 |
| Principal and interest | $867 |
| Property taxes (0.74% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $67 |
| PMI | $0 |
| Total per month | $1,033 |
Change the numbers in the calculator
| Down payment | $5,638 |
|---|---|
| Loan amount | $158,182 |
| Principal and interest | $1,064 |
| Property taxes (0.74% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $67 |
| FHA mortgage insurance | $71 |
| Total per month | $1,302 |
Change the numbers in the calculator
Questions about home buying in Chandler
What is the median home value in Chandler?
About $161,100 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 $1,200 a year, which is about 0.74% 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 $1,033 a month. Keeping that under 28% of gross income takes about $44,291 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