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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)
1,829
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
$2,800
$474,900
$435,000
$899,000
$2,100
$550,000
$440,000
$1,800
$485,000
$455,000
Residential
$455,000
MLS# 7004382
ACTIVE
$380,000
$475,900
$460,000
$479,000
$558,500
$300,000
$2,195
3D Tour
Residential
$459,000
MLS# 6983095
ACTIVE
3D Tour
Residential
$425,000
MLS# 6985931
ACTIVE
$459,000
$399,950
$349,900
3D Tour
Residential
$525,000
MLS# 6973625
PENDING
$429,900
Days on the Market
Ascending
24
Residential
$147,000
MLS# 6944578
ACTIVE
Listing Office: Capstone Realty Professionals
Residential
$247,500
MLS# 7008635
ACTIVE
Listing Office: HomeSmart
Residential
$799,000
MLS# 6991296
ACTIVE
Listing Office: Real Broker
Residential
$799,000
MLS# 6991382
ACTIVE
Listing Office: Real Broker
Residential
$235,000
MLS# 6957161
ACTIVE
Listing Office: My Home Group Real Estate
Residential
$475,000
MLS# 6993694
ACTIVE
Listing Office: Fathom Realty Elite
Residential
$295,000
MLS# 6999403
ACTIVE
Listing Office: My Home Group Real Estate
Residential
$315,000
MLS# 6987735
ACTIVE
Listing Office: West USA Realty
Residential
$1,095,000
MLS# 6998493
ACTIVE
Listing Office: Coldwell Banker Realty
Residential
$294,999
MLS# 7003136
ACTIVE
Listing Office: eXp Realty
Residential
$735,000
MLS# 6992077
ACTIVE
Listing Office: DeLex Realty
Residential
$498,000
MLS# 7002257
ACTIVE
Listing Office: HomeSmart
Residential
$322,000
MLS# 6973066
ACTIVE
Listing Office: Arizona Best Real Estate
Residential
$360,000
MLS# 7016049
ACTIVE
Listing Office: HomeSmart
Residential
$147,900
MLS# 7016067
ACTIVE
Listing Office: HomeSmart
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