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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)
1,666
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
$369,500
$164,900
$349,000
$450,000
$229,000
$2,995
$950
$570,000
$725,000
$624,900
$1,325
$295,000
3D Tour
Residential
$825,000
MLS# 6967953
ACTIVE
$1,693,000
$172,000
$470,000
$165,000
$649,500
Days on the Market
Ascending
24
Residential
$595,000
MLS# 6865780
ACTIVE
Listing Office: HomeSmart
Residential
$849,999
MLS# 6996718
PENDING
Listing Office: AIG Realty LLC
Residential
$150,000
MLS# 7013243
ACTIVE
Listing Office: Compass
Residential Lease
$1,395
MLS# 7012290
ACTIVE
Listing Office: XCD Realty & Property Mgmt
Residential Lease
$1,295
MLS# 7012557
ACTIVE
Listing Office: XCD Realty & Property Mgmt
Residential Lease
$1,550
MLS# 7012040
ACTIVE
Listing Office: Service Star Realty
Residential Lease
$2,900
MLS# 7012467
ACTIVE
Listing Office: Compass
Residential
$824,444
MLS# 7004042
ACTIVE
Listing Office: My Home Group Real Estate
Residential Lease
$1,499
MLS# 7012364
ACTIVE
Listing Office: Tricon American Homes
Residential Lease
$1,600
MLS# 7012439
ACTIVE
Listing Office: Desert Dimensions Properties
Residential Lease
$1,200
MLS# 7012440
ACTIVE
Listing Office: 480 Realty & Property Management
Residential Lease
$1,000
MLS# 7012462
ACTIVE
Listing Office: 480 Realty & Property Management
Residential Lease
$1,595
MLS# 7012563
ACTIVE
Listing Office: XCD Realty & Property Mgmt
Residential Lease
$1,395
MLS# 7012567
ACTIVE
Listing Office: XCD Realty & Property Mgmt
Residential
$549,000
MLS# 7000356
ACTIVE
Listing Office: Creel Management LLC
Residential
$465,000
MLS# 6940735
ACTIVE
Listing Office: RE/MAX Fine Properties
Residential Lease
$799
MLS# 7011326
ACTIVE
Listing Office: On Q Property Management
Residential Lease
$3,000
MLS# 6978493
ACTIVE
Listing Office: Blue Sage Realty
Residential Lease
$1,300
MLS# 7008211
ACTIVE
Listing Office: McMath Realty LLC
Residential Lease
$1,395
MLS# 7013033
ACTIVE
Listing Office: Balboa Realty, LLC
Residential Lease
$1,100
MLS# 7010812
ACTIVE
Listing Office: HomeSmart
Residential Lease
$1,550
MLS# 6995830
ACTIVE
Listing Office: McMath Realty LLC
Residential Lease
$4,995
MLS# 6307263
ACTIVE
Listing Office: MMRE Advisors
Residential
$75,000
MLS# 6947753
ACTIVE
Listing Office: Civic Center Real Estate
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