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1031 Exchange Chandler, Arizona

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Chandler due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Chandler, Arizona is a part of the Chandler/Gilbert Submarket submarket area, and contains 8 zip codes, including: 85244, 85249, 85286, 85226, 85246, and 85225.

Chandler Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Chandler, AZ submarket area was $1,383, which is 40.55% higher than 2014 average rent. This represents a compounded annual growth rate of 7.04%. 2019 vacancy in Chandler, AZ was 5.60%.

The total population of the city of Chandler, AZ has grown 8.91% since 2010. As of 2018, the population was 257,165. The median household income of the Chandler was $80,716, which is 33.87% higher than the national average.

  • submarket area Chandler / Gilbert Submarket
  • avg rent $1,383
  • rent growth 40.55%
  • vacancy 5.60%
  • median income $80,716
  • population (2018) 257,165
  • population growth 8.91%
  • vs. nat'l avg 33.87%
  • zip codes 85224 85225 85226 85244 85246 85248 85249 85286

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