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Average List Price
$653,241
Average Price per Sqft
$315
Number of Active Listings
7,303
New Listings (last 30 days)
1,669
Average Days on the Market
1695
Average Year Build
1985
Recent Transactions
Homes Sold (last 30 days)
1214
Average Sale Price (last 30 days)
$580,672
Rental Market
Average Rent per month
$2,809
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
$295,000
$425,000
3D Tour
Residential
$550,000
MLS# 7010333
CONTRACT
3D Tour
3D Tour
3D Tour
Residential
$1,028,000
MLS# 6998550
ACTIVE
$164,900
$289,900
$349,000
$450,000
$229,000
$2,995
$950
$570,000
$600,000
$319,000
$725,000
$624,900
$479,000
3D Tour
$1,325
$270,000
3D Tour
Residential
$825,000
MLS# 6967953
ACTIVE
$1,693,000
Days on the Market
Ascending
24
Residential
$189,950
MLS# 6984666
ACTIVE
Listing Office: W and Partners, LLC
Residential
$309,999
MLS# 6981838
ACTIVE
Listing Office: RE/MAX Signature
Residential
$260,000
MLS# 6983074
CONTRACT
Listing Office: Redfin Corporation
Residential
$345,000
MLS# 6983951
ACTIVE
Listing Office: West USA Realty
Residential
$535,000
MLS# 6982929
ACTIVE
Listing Office: Citiea
Residential
$459,000
MLS# 6983136
ACTIVE
Listing Office: West USA Realty
Residential
$239,999
MLS# 6982239
ACTIVE
Listing Office: Jason Mitchell Real Estate
Residential
$174,900
MLS# 6982193
ACTIVE
Listing Office: Citiea
Residential Lease
$1,325
MLS# 6973753
Closed
Listing Office: AZREAPM
Residential
$205,000
MLS# 6984454
PENDING
Listing Office: The Ave Collective
Residential Lease
$2,800
MLS# 6982968
ACTIVE
Listing Office: eXp Realty
Residential
$340,000
MLS# 6981672
CONTRACT
Listing Office: Coldwell Banker Realty
Residential
$295,000
MLS# 6980756
Closed
Listing Office: Keller Williams Realty Sonoran Living
Residential
$235,000
MLS# 6982137
ACTIVE
Listing Office: eXp Realty
Residential
$325,000
MLS# 6982980
Closed
Listing Office: eXp Realty
Residential
$270,000
MLS# 6981999
ACTIVE
Listing Office: Coldwell Banker Realty
Residential
$129,800
MLS# 6983023
ACTIVE
Listing Office: eXp Realty
Residential
$234,900
MLS# 6983177
ACTIVE
Listing Office: HomeSmart
Residential
$799,900
MLS# 6981916
PENDING
Listing Office: HomeSmart
Residential
$228,000
MLS# 6980678
ACTIVE
Listing Office: My Home Group Real Estate
Residential
$389,900
MLS# 6983031
ACTIVE
Listing Office: Main Street Group
Residential
$345,000
MLS# 6975858
CONTRACT
Listing Office: Coldwell Banker Realty
Residential
$825,000
MLS# 6967953
ACTIVE
Listing Office: Brokers Hub Realty, LLC
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