Total monthly cost of ownership
Cost to Own a Home in Chandler, Arizona
A $470,000 home here costs
$3,515per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $150,500 a year.
A standard mortgage calculator would have told you $2,603. The real number is $912 higher every month, 35% more than the payment most buyers budget for.
Compare Maricopa County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Chandler against Maricopa County and Arizona
| Measure | Chandler | Maricopa County |
|---|---|---|
| Median home value | $469,800 | $414,700 |
| Median property tax | $2,262 | $1,965 |
| Effective tax rate | 0.481% | 0.474% |
| Median gross rent | $1,806 | $1,587 |
| Population | 278,123 | 4,491,987 |
The weather behind that power bill
Chandler sits in Maricopa County, which averages a high of 106.5°F in its hottest month and a low of 42.0°F in its coldest, with 8.18" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 4,202 cooling and 1,140 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Maricopa County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Maricopa County
Full Maricopa County cost breakdown · Every county in Arizona
Talk to someone who works this market
These are Chandler averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Chandler every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Chandler I already own here and may sell
Common questions
How much does it cost to own a home in Chandler?
A $470,000 home in Chandler, Arizona costs approximately $3,515 per month with 20% down at 7.4%. That is $2,603 principal and interest, $188 property tax, $99 homeowners insurance, $233 utilities and $392 set aside for maintenance.
What is the property tax rate in Chandler?
Chandler has an effective property tax rate of 0.481%, based on a median home value of $469,800 and median real estate taxes of $2,262. That is in line with the Maricopa County average of 0.474%.
What is the average home price in Chandler?
The median owner-occupied home value in Chandler, Arizona is $469,800, against $414,700 across Maricopa County.
Is it cheaper to rent or buy in Chandler?
Median gross rent in Chandler is $1,806 a month, against $3,515 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Chandler?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Chandler, Arizona at today's rate takes a household income of roughly $150,500 a year. That covers the full $3,515 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Chandler, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Arizona.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.