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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
$415,000
3D Tour
Residential
$190,000
MLS# 7006770
ACTIVE
$1,795
$214,900
$380,000
$325,000
$539,000
3D Tour
$299,900
$579,000
$279,899
$450,000
$290,000
$650,000
$329,900
$277,000
Days on the Market
Ascending
24
Residential
$629,900
MLS# 6930948
ACTIVE
Listing Office: West USA Realty
Residential
$485,000
MLS# 6939040
Closed
Listing Office: SERHANT.
Residential
$772,500
MLS# 6941367
ACTIVE
Listing Office: Apex Residential
Residential
$410,000
MLS# 6931770
ACTIVE
Listing Office: West USA Realty
Residential
$530,000
MLS# 6941865
Closed
Listing Office: Realty Executives Arizona Territory
Residential
$157,999
MLS# 6939334
ACTIVE
Listing Office: The Agency
Residential
$229,000
MLS# 6939026
Closed
Listing Office: Presidential Realty, LLC
Residential
$313,000
MLS# 6940718
PENDING
Listing Office: RE/MAX Signature
Residential Lease
$1,645
MLS# 6940730
Closed
Listing Office: Urman
Residential
$439,900
MLS# 6935623
ACTIVE
Listing Office: HomeSmart
Residential
$280,000
MLS# 6938336
ACTIVE
Listing Office: Real Broker
Residential
$549,900
MLS# 6937766
ACTIVE
Listing Office: eXp Realty
Residential
$198,000
MLS# 6937597
ACTIVE
Listing Office: Real Broker
Residential
$260,000
MLS# 6936435
ACTIVE
Listing Office: Keller Williams Realty East Valley
Residential Lease
$1,500
MLS# 6936970
ACTIVE
Listing Office: Keller Williams Realty East Valley
Residential
$375,000
MLS# 6936363
ACTIVE
Listing Office: eXp Realty
Residential
$265,000
MLS# 6934935
ACTIVE
Listing Office: Gentry Real Estate
Residential
$1,195,000
MLS# 6931778
CONTRACT
Listing Office: Coldwell Banker Realty
Residential
$225,000
MLS# 6933018
ACTIVE
Listing Office: Keller Williams Arizona Realty
Residential
$280,000
MLS# 6932970
ACTIVE
Listing Office: RE/MAX Excalibur
Residential
$650,000
MLS# 6932991
ACTIVE
Listing Office: West USA Realty
Residential
$899,000
MLS# 6933091
Closed
Listing Office: Russ Lyon Sotheby's International Realty
Residential
$545,000
MLS# 6932203
ACTIVE
Listing Office: Real Broker
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