Major Employers in the East Valley and How They Affect Housing Demand

The East Valley—home to cities like Gilbert, Mesa, Chandler, and Queen Creek—has become a magnet for both major employers and new residents. But how exactly do these big companies shape the local housing market? Let’s explore the biggest names in business and their impact on housing demand in this fast-growing region.

Who Are the Major Employers?

• Intel Corporation (Chandler): With thousands of employees and ongoing multi-billion-dollar expansions, Intel is the region’s tech giant. Their presence draws engineers, support staff, and vendors from across the country.
• Banner Health (Multiple Cities): As one of Arizona’s largest employers, Banner operates hospitals and clinics throughout the East Valley, attracting healthcare professionals and support workers.
• Wells Fargo and PayPal (Chandler): These financial and tech companies have large campuses, fueling demand for nearby housing—especially among young professionals.
• Boeing (Mesa): Aerospace manufacturing brings specialized workers and their families to the area, boosting demand for single-family homes.
• Education and Public Sector: The Chandler, Gilbert, and Mesa school districts, as well as Arizona State University’s Polytechnic campus, are major employers that attract teachers, staff, and students.

How Do Employers Drive Housing Demand?

• Population Growth: The East Valley’s job market draws new residents every year. According to recent census data, Chandler and Gilbert have grown by over 10% in the past five years, much of it fueled by job seekers.
• Diverse Housing Needs: Tech and healthcare professionals often seek modern homes near work, while families look for good schools and safe neighborhoods. This creates demand for everything from luxury condos to starter homes and rentals.
• Rental Market Pressure: As new hires relocate, demand for rentals spikes. This has driven up rents in hot spots like downtown Gilbert and Chandler, with average rents rising 6–8% annually in recent years.
• Home Price Appreciation: With more buyers in the market, home prices in the East Valley have steadily increased. Areas near major employment hubs see the fastest appreciation and lowest inventory.

The Bottom Line

Major employers don’t just bring jobs—they shape neighborhoods, spur new development, and create ongoing demand for both rentals and homes for sale. For buyers, investors, and renters alike, understanding these trends is key to making smart real estate decisions in the East Valley.