Culture, History, and Business
Chandler is located in Maricopa County in Arizona State, United States. The city is home to over 250,000 residents. Alongside this, it is renowned as a hub for different multinational companies that create a high volume of employment for people living in the area.
If the economy of the place is powerful, there is no doubt in the fact that you will get better returns. The economy of the place or country is a key factor in deciding your real estate investment. If we talk about the city of Chandler, the city is supported by a bunch of multinational firms that employ a high number of people in them. The leading employers of the city are Bank of America, Intel, PayPal, Wells Fargo, Northrup Grumman, Chandler Unified School District, Chandler Regional Medical Center, NXP Semiconductors, City of Chandler, as well as Microchip Technology. The computer chip manufacturer Intel employs nearly 11,000 employees, which is the maximum number of employees employed by any firm in Chandler. Amongst the companies headquartered in Chandler are Infusionsoft, Microchip, and Rogers.
If you take the time to observe, you will notice a lot of infrastructure development going on. You can find numerous world-class buildings being constructed in the present times. These happenings hint at the increasing opportunities in the property investment sector.
According to Zillow, Chandler has a median property value of about $317,400. Chandler’s prices have increased by 5.8% in 2019, and Zillow predicts that the Chandler housing market will witness a 2.4% increase. The median cost per square foot in the city is $175, which is above the average of Phoenix-Mesa-Scottsdale Metropolis. The recent average stands at $163.
The current median property price in the city is $349,900, whereas the median property value is $280,000. Also, the median rental cost here is $1,650, and this is above the Phoenix-Mesa-Scottsdale Metro median of $1,595. With all these figures in hand, the price of real estate property in Chandler will rise by 2.4 percent by 2020.
Before you proceed with your investment plans, it is advisable that you get every detail about the city. Read on to find out the reasons to invest in Chandler as well as the hottest neighborhoods.