Chandler, AZ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Chandler Neighborhoods Since 2000




Chandler, AZ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Chandler Housing Market Information

With a population of 260,828, 88,973 total housing units (homes and apartments), and a median house value of $306,603, Chandler real estate is some of the most expensive in Arizona, although Chandler home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Chandler, accounting for 71.38% of the city's housing units. Other types of housing that are prevalent in Chandler include large apartment complexes or high rise apartments ( 19.21%), duplexes, homes converted to apartments or other small apartment buildings ( 3.79%), and a few row houses and other attached homes ( 3.61%).

The most prevalent building size and type in Chandler are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.87% owning and 38.13% renting.

There is a lot of housing in Chandler built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Chandler built between 2000 and later ( 32.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.65%).

Chandler Home Appreciation Rates

Chandler's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chandler during the period has been just -1.35%, which is lower than 80% of US communities.

Appreciation rates are so strong in Chandler that despite a nationwide downturn in the housing market, Chandler real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chandler appreciation rates continue to be some of the highest in America, at 8.44%, which is higher than appreciation rates in 88.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chandler. Chandler appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.40%.

Importantly, this makes Chandler one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Arizona, our data show that Chandler's latest annual appreciation rate is higher than 50% of the other cities and towns in Arizona.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Chandler differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Chandler - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Chandler real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$306,603

Chandler, AZ HOME PRICES

Value Range
> $1,339,000 0.5
$1,004,001 - $1,339,000 0.6
$670,001 - $1,004,000 4.7
$536,001 - $670,000 7.1
$401,001 - $536,000 16.9
$267,001 - $401,000 28.1
$134,001 - $267,000 32.7
$67,001 - $134,000 5.2
$0 - $67,000 4.2

Very High for AZ
Very High for Nation

Value Relative to Nation Value Relative to State
15.7974920895347 13.5135135135135

Number Of Homes And Apartments:
88,973

Chandler Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AZ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
72.02% 3.19% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,429 / per month

Homeownership Rate

Homeownership
Owners 61.87
Renters 38.13
Vacant 7.70

Housing Market Details

 

Age of Homes

AGE OF Chandler HOMES
2000 or Newer 32.2
1970 - 1999 62.9
1940 - 1969 4.7
1939 or Older 0.2

Types of Homes

TYPE OF Chandler HOMES
Single-Family 71.4
Townhomes 3.6
Small Apt. Buildings 3.8
Apt. Complexes 19.2
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Chandler HOMES
No Bedroom 0.86
1 Bedroom 8.15
2 Bedrooms 22.34
3 Bedrooms 37.14
4 Bedrooms 23.50
5 or more bedrooms 7.99