The story of this market
The typical home in ZIP 85248 sells for about $514,847, or $266 per square foot.
Prices are down 6.6% from a year ago, which gives buyers more room to negotiate. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,960 a month.
ZIP 85248 — Chandler
The 85248 housing market is experiencing a cooling phase with median prices down 6.6% year-over-year and days on market increasing to 64. The area is characterized by a significantly older demographic compared to state and national averages, reflecting its status as a hub for active adult communities. Several metrics, including rent, tax rates, and specific demographic breakdowns, are not determinable at the ZIP level from current public sources.
This ZIP is primarily suited for retirees and active adults, given the prevalence of age-restricted communities and amenities like golf and pickleball.
Median prices moved down 6.6% year over year.
Homes spend a median of 64 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 85248, Maricopa County AZ
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arizona) — Senior Property Valuation Protection Option (Senior Freeze): Provides a 'freeze' on the valuation of the property for tax purposes, limiting the growth of the property tax burden for eligible seniors. State (Arizona) — Arizona Property Tax Assessment: The tax is calculated by applying an assessment ratio to the property's Limited Property Value (LPV). For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Arizona Property Tax Assessment: Property tax is calculated using the formula: (Full Cash Value or Limited Property Value) x Assessment Ratio = Net Assessed Value. The Net Assessed Value is then multiplied by the local tax rate. For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Delinquent Property Tax Lien Sale and 3-Year Redemption Foreclosure: The county treasurer sells a tax lien certificate via public auction to the investor bidding the lowest annual rate of interest (ranging from 16% down to 0% per annum under A.R.S. § 42-18114). State (Arizona) — Statutory Residential Homestead Exemption: Exempts up to $400,000 of equity in an owner-occupied primary dwelling from attachment, execution, and forced sale arising from unsecured civil judgment liens.
The area features extensive walking paths and access to active adult community amenities including golf, tennis, pickleball, and fitness centers.
The local economy is anchored by the Sun Lakes active adult community and proximity to the broader Chandler employment corridor.
Data sourced from U.S. Census 2020 demographics.
- Arizona Grand Resort & Spa4.311.4 mi
- Pecan Lake Entertainment4.212.9 mi
- Andretti Indoor Karting and Games Chandler4.34.5 mi
- Golfland Sunsplash4.210.7 mi
- Dave & Buster's Tempe4.413.9 mi
- Desert Botanical Garden4.816.4 mi
- Chase Field4.618.7 mi
- Mortgage Matchup Center4.618.9 mi
- Casino Arizona4.115.2 mi
- Phoenix Convention Center4.518.9 mi
- Harkins Theatres Arizona Mills w/IMAX4.512 mi
- Riparian Preserve at Water Ranch4.811.7 mi
- Arizona Museum of Natural History4.712.7 mi
- Pecan Lake Entertainment4.212.9 mi
- Mesa Arts Center4.712.5 mi
- Desert Botanical Garden4.816.4 mi
- Hole in the Rock4.716.1 mi
- Japanese Friendship Garden of Phoenix4.419.9 mi
- Children's Museum of Phoenix4.618.9 mi
- Arizona Museum of Natural History4.712.7 mi
- Gilbert Regional Park4.88.2 mi
- Riparian Preserve at Water Ranch4.811.7 mi
- Freestone District Park4.710.2 mi
- Desert Breeze Park4.76.3 mi
- Tempe Sports Complex4.58.9 mi
- Arizona Grand Resort & Spa4.311.4 mi
- Topgolf Gilbert4.59.2 mi
- Dobson Ranch Golf Course4.69.7 mi
- Whirlwind Golf Club at Wild Horse Pass4.57.7 mi
- Ocotillo Golf Club4.41.3 mi
- Arizona Mills4.411.8 mi
- Chandler Fashion Center4.55.1 mi
- Phoenix Premium Outlets4.57.3 mi
- Lee Lee International Supermarkets4.57.1 mi
- SanTan Village4.58.7 mi
- Phoenix Sky Harbor International Airport4.316.3 mi
- Mesa Gateway Airport4.413 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Private golf facility serving the Sun Lakes community.
Private golf facility serving the Sun Lakes community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.