Lotvox market story

ZIP 85248

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
$549,653
12-month change
−1.6%
Months of supply
2.9

This week since 2026-10-08: Payment share of income 38.8% (was 38.3%) · Monthly P&I $3,045 (was $3,009)

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Who's going to sell in 85248 this year?

Lotvox Turnover Index

Ranking every home in 85248 by how likely it is to sell

Random pick of 20% of parcels20.0%Lotvox Turnover Index top 20%20.4%
Source: County assessor and recorder public records; Lotvox analysis (calculations on the sources above) · accuracy by ZIP · methodology

The Lotvox Turnover Index ranks the 13,764 parcels in 85248, calibrated on this ZIP's own recorded sales.

In a held-out test on 54 arm's-length sales, 20.4% of the parcels that sold were already in its top 20% on the scoring date. Random chance is 20%.

Its top 10% alone held 13.0% of those sales, against 10% by chance.

Where

85248 in Maricopa County, AZ

85248 · $549,65385249 · $671,96685286 · $607,31085225 · $440,65785224 · $450,07085226 · $495,31385297 · $585,34985298 · $679,38685295 · $538,68985233 · $518,59485284 · $709,53285296 · $543,62185236 · no value published85202 · $392,24885210 · $360,90885234 · $551,51585283 · $448,61085044 · $473,65885048 · $578,27785282 · $460,20585204 · $388,89785201 · $356,78885281 · $392,79885206 · $380,55385212 · $552,33985203 · $445,94685213 · $551,61385042 · $383,80085205 · $400,74485045 · $662,68785209 · $439,79685026 · no value published85257 · $546,69585040 · $319,91785256 · no value published85034 · $284,21485251 · $517,33085008 · $373,67685208 · $373,43585207 · $547,746 85248
$284K$710K typical home value
Source: Census TIGER/Line · Zillow (ZHVI)Source: U.S. Census Bureau, TIGER/Line boundaries; Zillow Home Value Index (ZHVI), Zillow Research

85248 is one of 135 ZIP codes that lie mostly in Maricopa County, AZ — 63% of its own area is in the county.

Shaded by typical home value, it ranks 11 of the 37 nearby ZIPs shown.

Value rank among nearby ZIPs
11 of 37

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

Local life

Schools in 85248

9 school locations in 85248: 1 elementary, 5 middle, 3 high.

In alphabetical order: Anna Marie Jacobson Elementary School, Basha Elementary, BASIS Chandler, BASIS Chandler Primary- South Campus, and more on the ZIP page. Locations only — no ratings are shown here.

School locations
9

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 85248

$0$200K$400K$600K$800K200020052010201520202025Peak July 2022 · $604,591Latest · $549,653
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 85248 was worth $201,179.

Values peaked at $604,591 in July 2022. The latest reading is −9.1% from that peak.

As of August 2026: $549,653, −1.6% over twelve months.

Typical home value
$549,653
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
$549,653
Loan at 20% down
$439,722
30-year fixed rate
7.40%
Monthly principal + interest
$3,045
Median household income, per month
$7,852
Share of income
38.8%
0%30%60%
At today's rate, by home value, 2000–2026: 14.2% → 38.8%
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: $549,653. Put 20% down and borrow $439,722 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $3,045 a month in principal and interest.

The median household here earns $94,220 a year, $7,852 a month. So the payment takes 38.8% of income — rated “severe” (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 14.2% in 2000.

Payment share of income
38.8%
Monthly P&I
$3,045

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$3K$4K2000200520102015202020252.68% rate · $1,3866.67% rate · $2,828
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 $1,205.

In December 2020, with rates at 2.68%, it was $1,386.

By August 2026, at 6.67%, it was $2,828 — +104% since December 2020, while the home's value moved +28%.

Payment change since 2020
+104%

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$600K$800K200020052010201520202025
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 +173% 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 $397,047. So the real change is +38%, not +173%.

Real change since 2000
+38%

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

85248 against its neighbors

0100200300400200020052010201520202025
85248 (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

85248: +173% since January 2000.

Maricopa County: +212% since January 2000.

Arizona: +207% since January 2000 — 85248 ran behind it by 34 points.

Change since 2000
+173%

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

Lotvox lens

85248 among Arizona ZIPs

Affordability — price vs local income
33rd pct
Appreciation — recent value growth
25th pct
Rental yield — rent vs price
60th 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, 85248 sits at the 33rd percentile for affordability (price vs local income).

25th for appreciation (recent value growth); 60th for rental yield (rent vs price).

Affordability percentile
33rd

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
$3,594
principal + interest $3,045 · taxes & insurance est. $549
Rent: typical rent (ZORI)
$2,248
Price-to-rent ratio
20.4
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 $3,594 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,248 a month.

Price divided by a year's rent: 20.4. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Price-to-rent
20.4

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 mo2.9 mo2.9 months of supplyNet −2 / 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 70 a month (Redfin, 3-month rolling data through August 2026). That is 85% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 210. That is 89% of the 2015–2019 level for the same months.

Going out — closed sales: about 72 a month. That is 81% of the 2015–2019 level for the same months. The drain is drawn 6% narrower: the share of homes for sale that sell each month is 94% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 2.9 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 2 more homes sold than came on each month, so inventory is shrinking. The basin is draining.

Months of supply
2.9

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

05010015020252026
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 72 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 75 — so sales ran at 96% of it, and below it in 22 of the last 24 months.

Sales vs 2015–19 level
96%

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: 210 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 85248 have held

0–5 years
2,159
5–10 years
1,950
10–20 years
1,465
20+ years
655
Source: County records · as of 2026-10-11Source: County assessor and recorder public records · data as of 2026-10-11

Of 6,229 homes with a recorded purchase date, 11% have had the same owner for 20 years or more, and 35% changed hands in the last five.

24% are owned from a different mailing address, 14% from out of state.

Held 20+ years
11%
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 85248 with 85207The same story, side by side. An agent?Claim 85248 as your farm territory$299/mo · the farm territory and this page's sponsor spot.

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