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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
$499,000
$635,000
$2,500
$390,000
$393,000
$2,500
$669,000
$175,000
$240,000
$1,600
$529,900
$2,140
$415,000
$220,000
$345,000
$249,900
$200,000
$449,900
$214,500
3D Tour
3D Tour
$277,400
$624,900
3D Tour
Days on the Market
Ascending
24
Residential Lease
$1,700
MLS# 7030507
ACTIVE
Listing Office: MacLay Real Estate
Residential
$682,990
MLS# 7023866
ACTIVE
Listing Office: K. Hovnanian Great Western Homes, LLC
Residential
$638,990
MLS# 7023839
ACTIVE
Listing Office: K. Hovnanian Great Western Homes, LLC
Residential Lease
$1,895
MLS# 7034695
ACTIVE
Listing Office: AZ Prime Property Management
Residential
$419,990
MLS# 7023148
ACTIVE
Listing Office: K. Hovnanian Great Western Homes, LLC
Residential
$617,990
MLS# 7003238
ACTIVE
Listing Office: K. Hovnanian Great Western Homes, LLC
Residential
$544,990
MLS# 7003173
ACTIVE
Listing Office: K. Hovnanian Great Western Homes, LLC
Residential
$209,900
MLS# 7002284
ACTIVE
Listing Office: HomeSmart
Residential
$678,990
MLS# 6987780
ACTIVE
Listing Office: K. Hovnanian Great Western Homes, LLC
Residential
$255,000
MLS# 7031592
ACTIVE
Listing Office: My Home Group Real Estate
Residential
$575,000
MLS# 7030809
ACTIVE
Listing Office: Keller Williams Arizona Realty
Residential
$669,000
MLS# 7017672
ACTIVE
Listing Office: Keller Williams Arizona Realty
Residential
$669,000
MLS# 6975364
ACTIVE
Listing Office: Keller Williams Arizona Realty
Residential
$669,000
MLS# 6972213
ACTIVE
Listing Office: Keller Williams Arizona Realty
Residential Lease
$1,075
MLS# 7007849
ACTIVE
Listing Office: Active Renter
Residential Lease
$900
MLS# 7042787
ACTIVE
Listing Office: AZ Marketplace Realty
Residential
$434,874
MLS# 7036190
ACTIVE
Listing Office: K. Hovnanian Great Western Homes, LLC
Residential Lease
$1,095
MLS# 7030063
ACTIVE
Listing Office: AZ Prime Property Management
Residential
$350,000
MLS# 7022581
CONTRACT
Listing Office: W and Partners, LLC
Residential
$547,990
MLS# 6987634
ACTIVE
Listing Office: K. Hovnanian Great Western Homes, LLC
Residential
$255,000
MLS# 6942362
ACTIVE
Listing Office: My Home Group Real Estate
Residential
$149,500
MLS# 7037496
ACTIVE
Listing Office: West USA Realty
Residential
$199,900
MLS# 6998525
ACTIVE
Listing Office: Success Property Brokers
Residential Lease
$2,400
MLS# 7042828
ACTIVE
Listing Office: My Home Group Real Estate
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