Mortgage payment estimates, closing cost breakdowns, and homebuying data for Chandler, Arizona.
Median Home Price
$475K
Population
276K
Avg Monthly Rent
$1,620
Property Tax Rate
0.62% *
* Property tax shown is the Arizona state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Chandler.
Chandler vs Arizona Median
The median home price in Chandler is $475,000, which is 25% above the Arizona state median of $380,000.
Mortgage Calculator — Chandler, AZ
Pre-filled with Chandler median home price and Arizona tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $475K home using Arizona's 0.62% tax rate and $2,100/yr insurance.
5% Down
$3,536/mo
Down: $23,750
Loan: $451K
P&I: $2,852
Tax: $245
Insurance: $175
PMI: $263
10% Down
$3,372/mo
Down: $47,500
Loan: $428K
P&I: $2,702
Tax: $245
Insurance: $175
PMI: $249
20% Down (No PMI)
$2,822/mo
Down: $95,000
Loan: $380K
P&I: $2,402
Tax: $245
Insurance: $175
Income needed (28% rule): $121K/year with 20% down, $145K/year with 10% down.
Rent vs Buy in Chandler
Rent
$1,620/mo
vs
Buy (10% down)
$3,372/mo
Price-to-rent ratio: 24.4 — At a ratio above 20, renting may be more economical in Chandler for shorter stays. Buying costs $1,752 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Chandler is $475,000, 25% above the Arizona state median of $380,000. With a population of 275,987, Chandler is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Arizona average 0.62% annually. This low property tax rate is a significant advantage for Chandler buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Arizona runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Chandler is $1,620/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Chandler is a higher-cost market. At $475K median, buyers need significant savings or strong income. Down payment assistance through Arizona's Home Plus AZ program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Chandler.