Housing Crisis in the East Valley: Why It’s More Than Just a Real Estate Problem
The East Valley is booming. Chandler, Gilbert, and Queen Creek are attracting new businesses, bringing in billions of dollars in economic development. But there’s a major issue that could slow everything down—a lack of housing.
Dan Henderson, Gilbert’s economic development director, put it simply: “Housing is an economic issue.” Companies love the business-friendly environment, educated workforce, and great weather. But if their employees can’t find an affordable place to live, they’ll take their talent—and their tax dollars—elsewhere.
Chandler: Running Out of Land
- Chandler is 94% built out, meaning there’s barely any space left for new homes.
- The city is updating zoning laws to allow higher-density, mixed-use developments—think retail on the bottom, offices in the middle, and apartments up top.
- This shift could create new investment opportunities for multifamily landlords.
Queen Creek: From Single-Family to Multifamily
- Historically known for sprawling single-family homes, Queen Creek is now embracing apartment developments.
- Multi-family projects are under construction or in planning, signaling a shift in housing strategy.
- Investors should keep an eye on these projects as demand for rentals increases.
Gilbert: Finally Studying the Housing Problem
- Gilbert has never conducted a full-scale housing study—until now.
- The study aims to address supply and affordability issues before they become unmanageable.
- With legislative pressure pushing cities to act, Gilbert could see policy shifts favoring development.
Why This Matters for Real Estate Investors
- More Density = More Opportunity – As cities rezone for vertical growth, expect new multifamily projects and mixed-use developments to pop up.
- Housing Shortage = Higher Rents – If housing remains scarce, rents will continue to rise, making rental properties more profitable.
- Shifting Zoning Laws – Investors should