One-third of Chandler Homebuyers are Millennials

Posted by Cathy Carter on Sunday, July 21st, 2019 at 1:51pm.

One-third of Chandler Homebuyers are Millennials 

The vibrant city of Chandler has a lot to offer Millennials (21 to 38 years old) looking for a great place to live, work, play, raise a family, and enjoy an active lifestyle. According to the most recent Home Buyers and Sellers Generational Trend Report issued by The National Association of REALTORS®, Millennials now account for more than one-third of ALL home purchases. Chandler's strong tech focus and healthy job market along with an excellent school system, exciting cultural and entertainment options, and myriad outdoor activities appeal to Millennial homebuyers looking for the ideal community to put down roots. Millennials know they’re getting more value when they buy in a suburban community like Chandler, which offers a wide range of residential choices. From affordable condos/townhomes to starter homes in family-friendly neighborhoods to executive homes in private gated communities, Chandler AZ homes for sale accommodate every lifestyle and buyer. Offering in-depth local market knowledge, top Chandler REALTOR® - Cathy Carter has been assisting buyers and sellers in the area for over 24 years. Cathy is your best resource for finding the perfect home in the right neighborhood. For more information about Chandler AZ real estate and living in this world-class community, feel free to call Cathy directly at (480) 459-8488 or get in touch with her here! 

Browse the MLS for the most up-to-date listings for Chandler AZ homes for sale below, and learn more about Millennial homebuyer trends and why they are attracted to living in Chandler: 

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If you would like to schedule a private showing or would like more information about any of the above Chandler AZ homes for sale, please contact top Chandler AZ REALTOR® - Cathy Carter, specializing in newer homes and luxury real estate.

Millennial Homebuyer Trends 2019

The National Association of REALTORS® report’s segmentation of Millennials includes both Younger Millennials /Gen Yers (buyers 21 to 28 years) and Older Millennials/Gen Yers (buyers 29 to 38 years). Millennials made up the largest share of homebuyers at 37%, including Older Millennials at 26% and Younger Millennials at 11% of the share. 86% of Younger Millennials and 52% of Older Millennials were first-time home buyers, which is more than other age groups. The older Millennials, now in their thirties, have started having children and are showing an increasing desire to own a home. They are growing up and becoming more traditional in their buying habits. Older Millennials had the largest buyer share of married couples (69%) and were the most likely to have children under the age of 18 living at home (58%). 

Commuting costs were most important to both Millennials groups. They were also the most likely to make compromises on their home purchase and had the shortest expected stay in the home (10 Years). According to several surveys taken ten years ago, Millennials used to say that they would never want to live in the suburbs, and they initially showed little interest in getting married and starting families.  Following the housing crash, millions of Millennials moved in with their parents. The transition of this generation, 80 million strong, out of their parents’ basements and into family life and homeownership is a major factor driving overall demand for new homes nationwide. And oftentimes, those homes are in the suburbs. 

Why Millennial Homebuyers Find Chandler So Appealing  

  • Chandler’s Healthy Job Market - Chandler was named "2018's Best Place to Find a Job" in a nationwide study from WalletHub.com (a leading personal finance outlet) and also ranked as one of the five “Best Cities for Millennial Job seekers in Arizona” by nerdwallet.com. Growth among small and mid-sized employers in Chandler provides thousands of quality jobs for Millenials. The largest employer is Intel, with 2 campuses located in Chandler. Other leading employers include Wells Fargo, Chandler Unified School District, Bank of America, Verizon Wireless, City of Chandler, Chandler Regional Medical Center (Dignity Health), PayPal, Orbital ATK, and Microchip Technology.  As a suburb of Phoenix, Millenials living in Chandler can also easily commute to nearby cities such as Mesa, Tempe, and Phoenix, all of which have large employment centers.  

  • Chandler AZ Real Estate - Millennials are looking for liveable suburbs with urban amenities such as yoga classes, health food stores and walkable downtown areas, close to parks and natural areas. They also don’t want long commutes. Chandler offers all of the above along with a wide selection of residential options from low maintenance condos and townhomes to single-family homes in private gated communities.  With the help of a qualified Chandler REALTOR® like Cathy Carter, Millennials have no problem finding available homes that are in their price range and perfect for their lifestyle and needs. Chandler’s thriving economy and robust job market make it even easier for Millenials to have the salary they need to buy the home they want.  

    According to Mike Orr, Director of the Center for Real Estate Theory and Practice at Arizona State University's W.P. Carey School of Business, it is easy for Millennials to buy a home in a thriving city like Chandler. Programs such as FHA loans, designed for low-to-moderate income borrowers who are unable to make a large down payment, let you make a down payment as low as 3.5%. One in five home loans are FHA loans, and an FHA loan in Maricopa County can be approved for up to $294,515, depending on salary and factors such as credit card debt, car loans, student loans, etc.  

  • Chandler’s Excellent School System - One of the many draws for Millenials investing in Chandler AZ real estate is Chandler’s award-winning school districts and top-ranking schools. Chandler is part of Arizona School Choice, created to help Arizona parents navigate the many educational opportunities that are available to their children as they progress through grade school and beyond. Students can apply for admission to any public school of their choice, based on available classroom space. 

    Most of the community is served by the highly-acclaimed, A-rated Chandler Unified School District (CUSD), recognized throughout the state and nation as a premier district of choice as noted by the Arizona Education Foundation and Arizona Department of Education. Chandler, west of the Loop 101 Freeway, is part of the highly-rated Kyrene School District and Tempe Union High School District, and a small portion of Chandler near the Mesa border is served by Mesa Public Schools. Chandler-Gilbert Community College (CGCC) is a comprehensive community college located in Chandler, serving the higher education needs of the community. 

  • Chandler’s Vibrant Downtown  - Millennials are attracted to Chandler’s exciting downtown, a walkable destination brimming with activity. Downtown Chandler is alive with eclectic art galleries, boutique shops, ImprovMANIA, the Chandler Center for the Arts and public art throughout. The area also hosts a variety of events including a monthly Art Walk held the third Friday evening of each month and a weekly farmers market. Vision Gallery is a non-profit art gallery located downtown that serves as a cultural center, representing more than 200 national, state and local artists. The Downtown area has seen tons of renovations in recent years including a new City Hall Complex, fresh pedestrian walkways, bike paths, and an eye toward historic architectural preservation and inspiration. A hub of activity from the April Chalk Walk to regular parades and festivals, Downtown Chandler is one of East valley’s most exciting places to be on the weekends.

  • Chandler Fashion Center - Millennials look for a great shopping experience and the best deals on their favorite brands. The popular Chandler Fashion Center is the second-largest mall in the Phoenix metro area and a place where Millennials can find the latest styles at prices they will appreciate. The mall is anchored by major retailers such as Macy's, Nordstroms, and Dillards and includes numerous stores and eateries. Along with a great shopping experience, Millennials also look for other values such as authenticity, local sourcing, and ethical production.  Chandler Fashion Center offers shoppers the option of reusable bags by many of their retailers and also encourages residents to shop locally and support the local economy, whether it’s a large purchase or a quick stop at the grocery store - all of which Millennials appreciate. 

Partner With The Best Chandler REALTOR® - Cathy Carter 

Whether you’re interested in Chandler AZ homes for sale or its time to list your current property, Cathy provides the kind of knowledge, skills, dedication, and personalized service you need and deserve. Allow Cathy to streamline your home search by putting together a list of properties that best match your specific criteria in a home. Get the process started today by requesting customized search results delivered directly to your email along with email alerts of new listings. If you would like more information about Chandler AZ real estate AZ, feel free to call Cathy directly at (480) 459-8488 or get in touch with her by email.

  

CATHY CARTER, ABR, CRS, CDPE 
RE/MAX Alliance Group 
725 W. Elliot Rd., Suite 111 
Gilbert, AZ.  85233 
Cell: 480-459-8488 
Toll-Free: 800-519-5578

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