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Average List Price
$654,698
Average Price per Sqft
$356
Number of Active Listings
5,547
New Listings (last 30 days)
1,533
Average Days on the Market
77
Average Year Build
1985
Recent Transactions
Homes Sold (last 30 days)
1246
Average Sale Price (last 30 days)
$592,686
Rental Market
Average Rent per month
$4,173
Phoenix, Arizona, is a hotspot for multifamily income properties, boasting a booming economy, rapid population growth, and a strong rental market. As one of the fastest-growing cities in the United States, Phoenix attracts a diverse tenant base, including young professionals, retirees, and families seeking affordability and opportunity. The city's sunny climate and business-friendly environment have fueled development and demand for quality housing, making it an ideal market for investors. With a mix of modern apartment complexes, mid-sized developments, and high-demand suburban communities, Phoenix offers a range of multifamily investment opportunities. Its steady rental growth and low vacancy rates make it a prime destination for those seeking strong cash flow and long-term value in the multifamily sector.
Map of the area
3D Tour
$2,500
$390,000
$393,000
$220,000
$3,250
$669,000
$175,000
$325,000
$174,000
$240,000
$220,000
$415,000
$315,000
$379,000
$599,000
3D Tour
$249,900
$2,400
$200,000
$277,400
3D Tour
$342,500
3D Tour
Days on the Market
Ascending
24
Residential Lease
$1,199
MLS# 7031822
ACTIVE
Listing Office: Youngker Realty
Residential
$535,000
MLS# 7026701
ACTIVE
Listing Office: Creel Management LLC
Residential
$363,000
MLS# 7012500
CONTRACT
Listing Office: Apex Residential
Residential
$465,000
MLS# 7018164
ACTIVE
Listing Office: Compass
Residential Lease
$3,100
MLS# 7041932
ACTIVE
Listing Office: SERHANT.
Residential Lease
$2,199
MLS# 7040261
ACTIVE
Listing Office: HomeSmart Realty
Residential
$169,000
MLS# 7001094
ACTIVE
Listing Office: RE/MAX Excalibur
Residential
$285,000
MLS# 6958156
PENDING
Listing Office: Barrett Real Estate
Residential
$335,000
MLS# 7021409
ACTIVE
Listing Office: West USA Realty
Residential
$349,000
MLS# 7037095
ACTIVE
Listing Office: Russ Lyon Sotheby's International Realty
Residential
$164,800
MLS# 7023242
ACTIVE
Listing Office: Orchard Brokerage
Residential
$425,000
MLS# 6951234
ACTIVE
Listing Office: RETSY
Residential
$499,000
MLS# 7009628
ACTIVE
Listing Office: West USA Realty
Residential
$290,000
MLS# 6958461
PENDING
Listing Office: Citiea
Residential
$400,000
MLS# 7042261
ACTIVE
Listing Office: Russ Lyon Sotheby's International Realty
Residential
$449,000
MLS# 7032469
ACTIVE
Listing Office: Keller Williams Realty Phoenix
Residential Lease
$799
MLS# 7019158
ACTIVE
Listing Office: AZ Prime Property Management
Residential Lease
$1,400
MLS# 6994754
ACTIVE
Listing Office: West USA Realty
Residential Lease
$1,950
MLS# 6939498
PENDING
Listing Office: Fort Lowell Realty & Property Management
Residential
$329,800
MLS# 6998495
ACTIVE
Listing Office: Realty ONE Group
Residential Lease
$2,095
MLS# 7042083
PENDING
Listing Office: XCD Realty & Property Mgmt
Residential Lease
$1,595
MLS# 7036380
ACTIVE
Listing Office: AZ Prime Property Management
Residential
$349,000
MLS# 7009403
PENDING
Listing Office: Realty ONE Group
Residential
$3,375,000
MLS# 7042767
ACTIVE
Listing Office: Fathom Realty Elite
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