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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
$245,000
$299,000
$415,000
3D Tour
Residential
$190,000
MLS# 7006770
ACTIVE
$214,900
$270,000
3D Tour
$579,000
$334,999
$1,950
$549,900
$299,000
$259,979
$325,000
$492,500
$2,800
$385,000
$305,000
$459,900
$275,000
$306,900
$298,000
3D Tour
$230,000
Days on the Market
Ascending
24
Residential
$249,000
MLS# 6960091
Closed
Listing Office: Compass
Residential
$339,000
MLS# 6960661
Closed
Listing Office: Success Property Brokers
residential
$429,000
MLS# 6958686
CONTRACT
Listing Office: Barrett Real Estate
residential
$314,000
MLS# 6959103
ACTIVE
Listing Office: DPR Realty LLC
Residential
$312,500
MLS# 6959423
ACTIVE
Listing Office: Keller Williams Realty Sonoran Living
Residential
$233,500
MLS# 6954279
ACTIVE
Listing Office: West USA Realty
Residential
$499,000
MLS# 6956855
ACTIVE
Listing Office: Citiea
residential
$619,000
MLS# 6959199
PENDING
Listing Office: Apex Residential
residential lease
$1,100
MLS# 6957780
PENDING
Listing Office: Real Broker
Residential
$156,000
MLS# 6957401
CONTRACT
Listing Office: Real Broker
Residential
$369,900
MLS# 6956471
Closed
Listing Office: Berkshire Hathaway HomeServices Arizona Properties
Residential
$255,000
MLS# 6946387
ACTIVE
Listing Office: Real Broker
Residential
$456,000
MLS# 6956270
ACTIVE
Listing Office: RE/MAX Alliance Group
Residential
$407,500
MLS# 6954706
ACTIVE
Listing Office: Compass
Residential
$325,000
MLS# 6955901
ACTIVE
Listing Office: HomeSmart
Residential
$375,000
MLS# 6954119
Closed
Listing Office: DPR Realty LLC
Residential
$260,000
MLS# 6955527
CONTRACT
Listing Office: Compass
Residential
$3,500,000
MLS# 6950167
Closed
Listing Office: Coldwell Banker Realty
Residential
$539,000
MLS# 6951123
ACTIVE
Listing Office: eXp Realty
Residential Lease
$2,500
MLS# 6953937
ACTIVE
Listing Office: Realty Executives Arizona Territory
Residential
$359,950
MLS# 6945900
ACTIVE
Listing Office: Real Broker
Residential
$445,000
MLS# 6953560
Closed
Listing Office: My Home Group Real Estate
Residential
$184,000
MLS# 6953809
ACTIVE
Listing Office: HomeSmart
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