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Average List Price
$652,819
Average Price per Sqft
$315
Number of Active Listings
7,341
New Listings (last 30 days)
1,597
Average Days on the Market
1627
Average Year Build
1985
Recent Transactions
Homes Sold (last 30 days)
1265
Average Sale Price (last 30 days)
$579,513
Rental Market
Average Rent per month
$2,805
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
$1,325
$205,000
$364,900
$234,900
$219,000
$1,695
$1,595
$228,000
$205,000
$285,000
$299,000
$312,500
$410,000
$260,000
$1,500
$240,000
$410,000
$260,000
$375,000
$1,750
$449,990
$424,990
$429,990
$2,100
Days on the Market
Ascending
24
Residential
$190,000
MLS# 6966378
ACTIVE
Listing Office: Realty ONE Group
Residential
$314,900
MLS# 6980515
ACTIVE
Listing Office: RE/MAX Excalibur
Residential
$280,000
MLS# 6946824
ACTIVE
Listing Office: Opendoor Brokerage, LLC
Residential
$799,000
MLS# 6991382
ACTIVE
Listing Office: Real Broker
Residential
$595,000
MLS# 6993815
ACTIVE
Listing Office: Berkshire Hathaway HomeServices Arizona Properties
Residential
$699,000
MLS# 6994068
ACTIVE
Listing Office: eXp Realty
Residential
$799,000
MLS# 6991296
ACTIVE
Listing Office: Real Broker
Residential
$585,000
MLS# 6996432
ACTIVE
Listing Office: Our Community Real Estate LLC
Residential
$278,000
MLS# 6964985
ACTIVE
Listing Office: Home Masters Realty LLC
Residential
$599,000
MLS# 6972659
ACTIVE
Listing Office: The Brokery
Residential
$648,000
MLS# 7002236
ACTIVE
Listing Office: Compass
Residential
$319,900
MLS# 7004968
ACTIVE
Listing Office: The Brokery
Residential
$242,500
MLS# 7008635
ACTIVE
Listing Office: HomeSmart
Residential
$538,000
MLS# 7011571
ACTIVE
Listing Office: Compass
Residential
$265,000
MLS# 7012661
ACTIVE
Listing Office: Realty ONE Group
Residential
$132,000
MLS# 6963592
ACTIVE
Listing Office: Opendoor Brokerage, LLC
Residential
$294,000
MLS# 6995498
ACTIVE
Listing Office: Venture REI, LLC
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