Lotvox market story

ZIP 85224

Chandler, Maricopa County, AZ

What homes are worth, what they cost to carry, how fast they sell — one step at a time.

Typical home value
$450,070
12-month change
−1.6%
Months of supply
2.2

This week since 2026-10-08: Payment share of income 32.9% (was 32.5%) · Monthly P&I $2,493 (was $2,464)

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Who's going to sell in 85224 this year?

Lotvox Turnover Index

Ranking every home in 85224 by how likely it is to sell

Lotvox Turnover Index
Not yet live
Source: County assessor and recorder public records; Lotvox analysis (calculations on the sources above) · accuracy by ZIP · methodology

The Lotvox Turnover Index is scored here but not published yet: a ZIP goes live only when its held-out capture beats 20% on at least 30 recorded sales.

Where

85224 in Maricopa County, AZ

85224 · $450,07085225 · $440,65785286 · $607,31085233 · $518,59485202 · $392,24885226 · $495,31385210 · $360,90885284 · $709,53285249 · $671,96685283 · $448,61085282 · $460,20585248 · $549,65385204 · $388,89785201 · $356,78885234 · $551,51585281 · $392,79885297 · $585,34985295 · $538,68985044 · $473,65885203 · $445,94685236 · no value published85296 · $543,62185213 · $551,61385298 · $679,38685048 · $578,27785257 · $546,69585206 · $380,55385026 · no value published85042 · $383,80085251 · $517,33085256 · no value published85205 · $400,74485008 · $373,67685250 · $613,18885040 · $319,91785034 · $284,21485018 · $984,70785212 · $552,33985045 · $662,68785209 · $439,796 85224
$284K$985K typical home value
Source: Census TIGER/Line · Zillow (ZHVI)Source: U.S. Census Bureau, TIGER/Line boundaries; Zillow Home Value Index (ZHVI), Zillow Research

85224 is one of 135 ZIP codes that lie mostly in Maricopa County, AZ.

Shaded by typical home value, it ranks 22 of the 37 nearby ZIPs shown.

Value rank among nearby ZIPs
22 of 37

Source: U.S. Census Bureau, TIGER/Line boundaries; Zillow Home Value Index (ZHVI), Zillow Research

Local life

Schools in 85224

Elementary · 2Middle · 10High · 4Other · 2
Source: NCESSource: U.S. Department of Education, National Center for Education Statistics (school locations)

18 school locations in 85224: 2 elementary, 10 middle, 4 high, 2 other.

In alphabetical order: Arizona College Prep Middle School, ASDB - ELP FBC East Valley Preschool, Bright Beginnings School #1, Chandler Traditional Academy - Goodman, and more on the ZIP page. Locations only — no ratings are shown here.

School locations
18

Source: U.S. Department of Education, National Center for Education Statistics (school locations)

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What it costs

Home values

What homes are worth in 85224

$0$200K$400K$600K200020052010201520202025Peak July 2022 · $501,895Latest · $450,070
Typical home value
Source: Zillow (ZHVI) · as of 2026-08-31Source: Zillow Home Value Index (ZHVI), Zillow Research · data as of 2026-08-31

In January 2000 the typical home in 85224 was worth $134,762.

Values peaked at $501,895 in July 2022. The latest reading is −10.3% from that peak.

As of August 2026: $450,070, −1.6% over twelve months.

Typical home value
$450,070
12-month change
−1.6%

Source: Zillow Home Value Index (ZHVI), Zillow Research · data as of 2026-08-31

Housing pulse

Monthly cost vs. price

Typical home
$450,070
Loan at 20% down
$360,056
30-year fixed rate
7.40%
Monthly principal + interest
$2,493
Median household income, per month
$7,574
Share of income
32.9%
0%30%60%
At today's rate, by home value, 2000–2026: 9.9% → 32.9%
Source: Zillow (ZHVI) · Freddie Mac via FRED · Census ACS · Lotvox · as of 2026-08-31Source: Zillow Home Value Index (ZHVI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; U.S. Census Bureau, American Community Survey 5-year estimates; Lotvox analysis (calculations on the sources above) · data as of 2026-08-31

Start with the typical home: $450,070. Put 20% down and borrow $360,056 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,493 a month in principal and interest.

The median household here earns $90,886 a year, $7,574 a month. So the payment takes 32.9% of income — rated “stretched” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 9.9% in 2000.

Payment share of income
32.9%
Monthly P&I
$2,493

Source: Zillow Home Value Index (ZHVI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; U.S. Census Bureau, American Community Survey 5-year estimates; Lotvox analysis (calculations on the sources above) · data as of 2026-08-31

Lotvox lens

The payment, at each month's rate

$0$1K$2K$3K2000200520102015202020252.68% rate · $1,1236.67% rate · $2,315
Monthly P&I at that month's 30-year rate
Source: Zillow (ZHVI) · Freddie Mac via FRED · Lotvox · as of 2026-08Source: Zillow Home Value Index (ZHVI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above) · data as of 2026-08

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $807.

In December 2020, with rates at 2.68%, it was $1,123.

By August 2026, at 6.67%, it was $2,315 — +106% since December 2020, while the home's value moved +30%.

Payment change since 2020
+106%

Source: Zillow Home Value Index (ZHVI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above) · data as of 2026-08

Lotvox lens

Home value after inflation

$0$200K$400K$600K200020052010201520202025
Home value (as reported)Prices in general (CPI-U), scaled to January 2000Home value in August 2026 dollars
Source: Zillow (ZHVI) · BLS CPI via FRED · Lotvox · as of 2026-08Source: Zillow Home Value Index (ZHVI), Zillow Research; U.S. Bureau of Labor Statistics, Consumer Price Index (CPI-U), via FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above) · data as of 2026-08
Deflated with CPI-U (seasonally adjusted, FRED CPIAUCSL) to August 2026; the site's Housing pulse chart uses its own CPI series, so older months can differ slightly.

Reported values rose +234% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $265,967. So the real change is +69%, not +234%.

Real change since 2000
+69%

Source: Zillow Home Value Index (ZHVI), Zillow Research; U.S. Bureau of Labor Statistics, Consumer Price Index (CPI-U), via FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above) · data as of 2026-08
Deflated with CPI-U (seasonally adjusted, FRED CPIAUCSL) to August 2026; the site's Housing pulse chart uses its own CPI series, so older months can differ slightly.

Home values

85224 against its neighbors

0100200300400200020052010201520202025
85224 (2000 = 100)Maricopa County (2000 = 100)Arizona (2000 = 100)
Source: Zillow (ZHVI) · Lotvox · as of 2026-08Source: Zillow Home Value Index (ZHVI), Zillow Research; Lotvox analysis (calculations on the sources above) · data as of 2026-08

85224: +234% since January 2000.

Maricopa County: +212% since January 2000.

Arizona: +207% since January 2000 — 85224 ran ahead of it by 27 points.

Change since 2000
+234%

Source: Zillow Home Value Index (ZHVI), Zillow Research; Lotvox analysis (calculations on the sources above) · data as of 2026-08

Lotvox lens

85224 among Arizona ZIPs

Affordability — price vs local income
56th pct
Appreciation — recent value growth
25th pct
Rental yield — rent vs price
47th pct
Source: Zillow (ZHVI) · Census ACS · LotvoxSource: Zillow Home Value Index (ZHVI), Zillow Research; U.S. Census Bureau, American Community Survey 5-year estimates; Lotvox analysis (calculations on the sources above)

Against 398 Arizona ZIP codes, 85224 sits at the 56th percentile for affordability (price vs local income).

25th for appreciation (recent value growth); 47th for rental yield (rent vs price).

Affordability percentile
56th

Source: Zillow Home Value Index (ZHVI), Zillow Research; U.S. Census Bureau, American Community Survey 5-year estimates; Lotvox analysis (calculations on the sources above)

Lotvox lens

Rent or own

Own: payment + 1.2%/yr taxes & insurance
$2,943
principal + interest $2,493 · taxes & insurance est. $450
Rent: typical rent (ZORI)
$1,727
Price-to-rent ratio
21.7
Source: Zillow (ZHVI) · Zillow (ZORI) · Freddie Mac via FRED · LotvoxSource: Zillow Home Value Index (ZHVI), Zillow Research; Zillow Observed Rent Index (ZORI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above)

Owning the typical home costs about $2,943 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,727 a month.

Price divided by a year's rent: 21.7. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Price-to-rent
21.7

Source: Zillow Home Value Index (ZHVI), Zillow Research; Zillow Observed Rent Index (ZORI), Zillow Research; Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US), retrieved from FRED®, Federal Reserve Bank of St. Louis; Lotvox analysis (calculations on the sources above)

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What's moving

Housing pulse

Listings Flow Ladder

per month / homes for sale2024-092026-08balanced 4–6 mo2.2 mo2.2 months of supplyNet −1 / month · inventory shrinking
New listings / monthHomes for saleClosed sales / monthBasin water level = months of supply
Source: Redfin · Lotvox · as of 2026-08-31Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08-31

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 44 a month (Redfin, 3-month rolling data through August 2026). That is 61% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 96.

Going out — closed sales: about 44 a month. That is 63% of the 2015–2019 level for the same months. The drain is drawn 21% narrower: the share of homes for sale that sell each month is 79% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 2.2 months of supply — below the 4–6 month range Lotvox treats as balanced. In the basin, that is the water level against the shaded balanced band.

The net reading: about 1 more homes sold than came on each month, so inventory is shrinking. The basin is draining.

Months of supply
2.2

Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08-31

Housing pulse

Sales pace vs. normal

02040608020252026
Homes sold per monthSame months, 2015–2019
Source: Redfin · Lotvox · as of 2026-08Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08

Homes sold: about 44 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 62 — so sales ran at 71% of it, and below it in 24 of the last 24 months.

Sales vs 2015–19 level
71%

Source: Redfin Data Center (market tracker data); Lotvox analysis (calculations on the sources above) · data as of 2026-08

New supply

Homes being permitted

020,00040,00060,000202240,550202338,292202436,380202531,651
1-unit buildings2–4 units5+ units
Source: Census permits · as of 2025Source: U.S. Census Bureau, Building Permits Survey · data as of 2025

Across Maricopa County, builders pulled permits for 31,651 new homes in 2025.

Of those, 54% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Units permitted 2025
31,651

Source: U.S. Census Bureau, Building Permits Survey · data as of 2025

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Who's holding, who's leaving

Housing pulse

Migration and inventory

Moved in (top-10 origin counties)
25,749
Moved out (top-10 destination counties)
25,843
Net households
−94
Top origins
Pinal, AZ6,549
Los Angeles, CA3,562
Pima, AZ3,262
Top destinations
Pinal, AZ10,805
Pima, AZ2,720
Yavapai, AZ2,297
Homes for sale, 2012–2026
Source: IRS SOI · Redfin · as of 2026-06-01Source: IRS Statistics of Income, county-to-county migration data; Redfin Data Center (market tracker data) · data as of 2026-06-01

This ZIP sits in Maricopa County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 25,749 moved in. Among the ten receiving the most, 25,843 moved out.

Net across those counties: −94 households. Beside it, homes for sale in this ZIP: 96 in June 2026.

Most arrivals came from Pinal, AZ (6,549 households); most departures went to Pinal, AZ (10,805).

Net households (top-10 flows)
−94

Source: IRS Statistics of Income, county-to-county migration data; Redfin Data Center (market tracker data) · data as of 2026-06-01

Who's holding

How long owners in 85224 have held

0–5 years
1,366
5–10 years
1,608
10–20 years
1,311
20+ years
1,046
Source: County records · as of 2026-10-11Source: County assessor and recorder public records · data as of 2026-10-11

Of 5,331 homes with a recorded purchase date, 20% have had the same owner for 20 years or more, and 26% changed hands in the last five.

24% are owned from a different mailing address, 6% from out of state.

Held 20+ years
20%
Owned from elsewhere
24%

Source: County assessor and recorder public records · data as of 2026-10-11

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What to do

Own a home here?What's my home worth?Enter your address for a county-record value range. Buying?Compare 85224 with 85283The same story, side by side. An agent?See where the index is livethe farm territory and this page's sponsor spot.

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Link: https://lotvox.com/story/phoenix/zip/85224