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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)
1,697
Average Days on the Market
1694
Average Year Build
1985
Recent Transactions
Homes Sold (last 30 days)
1289
Average Sale Price (last 30 days)
$581,294
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
$192,000
$205,000
$245,000
$299,999
$135,000
$343,000
$415,000
$380,000
$325,000
3D Tour
$579,000
$290,000
$650,000
$329,900
$410,000
$277,000
$1,950
$328,000
3D Tour
$850
$950
$549,900
$299,000
3D Tour
Days on the Market
Ascending
24
Residential
$365,000
MLS# 6914346
CONTRACT
Listing Office: Keller Williams Realty Sonoran Living
Residential Lease
$1,790
MLS# 7004438
PENDING
Listing Office: Paramount Property Services
Residential Lease
$2,195
MLS# 7015477
ACTIVE
Listing Office: HomeSmart
Residential
$197,999
MLS# 6965738
ACTIVE
Listing Office: Realty ONE Group
Residential
$359,000
MLS# 6973687
ACTIVE
Listing Office: J L Berry Company
Residential
$265,000
MLS# 6998785
PENDING
Listing Office: The Brokery
Residential
$319,500
MLS# 7015613
ACTIVE
Listing Office: HomeSmart
Residential
$450,000
MLS# 7015607
ACTIVE
Listing Office: Redfin Corporation
Residential Lease
$1,450
MLS# 6992161
ACTIVE
Listing Office: eXp Realty
Residential Lease
$1,900
MLS# 7008934
PENDING
Listing Office: Top Producers Realty
Residential
$265,000
MLS# 7015338
ACTIVE
Listing Office: Opendoor Brokerage, LLC
Residential
$350,000
MLS# 7011769
ACTIVE
Listing Office: Venture REI, LLC
Residential
$329,900
MLS# 6978156
ACTIVE
Listing Office: Russ Lyon Sotheby's International Realty
Residential
$435,000
MLS# 7013662
ACTIVE
Listing Office: Call Realty, Inc.
Residential
$425,000
MLS# 7015528
ACTIVE
Listing Office: Century 21 Arizona Foothills
Residential
$349,900
MLS# 7015649
ACTIVE
Listing Office: West USA Realty
Residential
$188,000
MLS# 7015665
ACTIVE
Listing Office: HomeSmart
Residential
$329,000
MLS# 6997107
ACTIVE
Listing Office: Compass
Residential Lease
$1,295
MLS# 7015440
ACTIVE
Listing Office: Stirling Brokery Arizona
Residential
$345,500
MLS# 7015002
ACTIVE
Listing Office: Compass
Residential Lease
$950
MLS# 6985251
ACTIVE
Listing Office: Platinum Realty Group
Residential
$649,950
MLS# 6956482
PENDING
Listing Office: Realty Executives Arizona Territory
Residential Lease
$1,100
MLS# 7010954
ACTIVE
Listing Office: Platinum Realty Group
Residential Lease
$1,800
MLS# 7015388
ACTIVE
Listing Office: E & G Real Estate Services
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