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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)
1,639
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
$1,650
$735,000
$192,000
$205,000
$299,999
$199,900
$254,900
$135,000
$365,000
$415,000
$1,795
$380,000
$325,000
3D Tour
3D Tour
$539,000
3D Tour
$299,900
$579,000
$279,899
$450,000
$290,000
$650,000
$329,900
Days on the Market
Ascending
24
Residential Lease
$1,095
MLS# 6950349
Closed
Listing Office: P.J. Hussey & Associates, Inc
Residential
$449,900
MLS# 6942841
Closed
Listing Office: West USA Realty
Residential
$229,000
MLS# 6951965
ACTIVE
Listing Office: Arizona Golf & Sun Properties
residential
$350,000
MLS# 6951918
ACTIVE
Listing Office: Key Select Real Estate
Residential
$544,000
MLS# 6948783
Closed
Listing Office: West USA Realty
Residential
$319,900
MLS# 6947820
ACTIVE
Listing Office: NextHome Valleywide
Residential
$399,000
MLS# 6943155
CONTRACT
Listing Office: Keller Williams Realty Sonoran Living
Residential Lease
$1,325
MLS# 6939585
Closed
Listing Office: AZREAPM
Residential
$210,000
MLS# 6948500
Closed
Listing Office: My Home Group Real Estate
Residential
$849,000
MLS# 6948653
ACTIVE
Listing Office: The Brokery
Residential
$480,000
MLS# 6941726
ACTIVE
Listing Office: HomeSmart
Residential
$279,000
MLS# 6946743
ACTIVE
Listing Office: eXp Realty
Residential
$204,000
MLS# 6945683
ACTIVE
Listing Office: eXp Realty
Residential Lease
$1,700
MLS# 6948133
Closed
Listing Office: Charles Edward Realty
Residential
$240,000
MLS# 6943403
CONTRACT
Listing Office: HomeSmart
Residential
$409,000
MLS# 6947158
CONTRACT
Listing Office: Compass
Residential
$749,000
MLS# 6946073
ACTIVE
Listing Office: The Brokery
Residential
$314,000
MLS# 6946411
ACTIVE
Listing Office: eXp Realty
residential
$234,999
MLS# 6941028
ACTIVE
Listing Office: Realty ONE Group
Residential
$550,000
MLS# 6942081
Closed
Listing Office: HomeSmart
Residential
$789,000
MLS# 6944707
ACTIVE
Listing Office: The Brokery
Residential
$650,000
MLS# 6944483
Closed
Listing Office: Realty Executives Arizona Territory
Residential
$494,999
MLS# 6943549
ACTIVE
Listing Office: Redfin Corporation
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