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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)
1,665
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
$215,000
$192,500
$239,999
$54,000
$205,000
$220,000
$259,900
$270,000
$156,000
$1,700
$179,000
$1,450
$1,350
$1,550
$130,000
$149,000
$134,900
$1,050
$1,450
$1,250
$1,150
$1,195
$85,000
$209,999
Days on the Market
Ascending
24
residential
$120,000
MLS# 6964435
ACTIVE
Listing Office: Ironwood Fine Properties
Residential
$435,000
MLS# 6955933
ACTIVE
Listing Office: The Noble Agency
Residential Lease
$2,700
MLS# 6955905
Closed
Listing Office: Creel Management LLC
Residential
$250,000
MLS# 6959068
CONTRACT
Listing Office: Keller Williams Arizona Realty
Residential
$739,900
MLS# 6962644
ACTIVE
Listing Office: West USA Realty
Residential
$275,000
MLS# 6962623
ACTIVE
Listing Office: West USA Realty
Residential
$425,000
MLS# 6957331
Closed
Listing Office: Russ Lyon Sotheby's International Realty
Residential
$579,000
MLS# 6961943
ACTIVE
Listing Office: Coldwell Banker Realty
Residential
$194,999
MLS# 6958443
ACTIVE
Listing Office: DeLex Realty
Residential
$306,900
MLS# 6960107
ACTIVE
Listing Office: Compass
residential lease
$1,275
MLS# 6963105
ACTIVE
Listing Office: eXp Realty
Residential
$298,000
MLS# 6957445
ACTIVE
Listing Office: HomeSmart
Residential Lease
$2,300
MLS# 6962809
Closed
Listing Office: Compass
Residential
$365,000
MLS# 6962766
Closed
Listing Office: 72SOLD
Residential Lease
$2,500
MLS# 6963202
CONTRACT
Listing Office: Arizona Best Real Estate
residential
$325,000
MLS# 6959306
ACTIVE
Listing Office: Realty ONE Group
Residential
$385,000
MLS# 6961117
PENDING
Listing Office: Capstone Realty Professionals
Residential
$545,000
MLS# 6962278
ACTIVE
Listing Office: Compass
Residential
$615,000
MLS# 6957871
ACTIVE
Listing Office: Compass
Residential
$212,000
MLS# 6955775
ACTIVE
Listing Office: HomeSmart
Residential Lease
$1,600
MLS# 6961670
ACTIVE
Listing Office: HomeSmart
Residential
$324,000
MLS# 6959062
ACTIVE
Listing Office: Compass
Residential Lease
$1,875
MLS# 6961955
Closed
Listing Office: P.J. Hussey & Associates, Inc
Residential
$1,250,000
MLS# 6953092
Closed
Listing Office: RETSY
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