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Average List Price
$652,840
Average Price per Sqft
$315
Number of Active Listings
7,338
New Listings (last 30 days)
1,594
Average Days on the Market
1636
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
$735,000
$192,000
$205,000
$299,999
$254,900
$199,900
$365,000
$135,000
$599,000
$1,750
$380,000
$325,000
3D Tour
3D Tour
$299,900
$275,000
$539,000
$279,899
$379,900
$450,000
$399,000
$290,000
$650,000
$329,900
Days on the Market
Ascending
24
Residential
$649,000
MLS# 6929848
Closed
Listing Office: Compass
Residential
$245,000
MLS# 6931565
ACTIVE
Listing Office: eXp Realty
Residential
$299,000
MLS# 6930828
ACTIVE
Listing Office: HomeSmart
Residential
$600,000
MLS# 6931080
ACTIVE
Listing Office: Realty Executives Arizona Territory
Residential
$235,000
MLS# 6924855
ACTIVE
Listing Office: Local Luxury Christie's International Real Estate
Residential
$345,000
MLS# 6930454
ACTIVE
Listing Office: AZCO Properties, LLC
Residential
$269,900
MLS# 6929041
ACTIVE
Listing Office: Realty ONE Group
Residential
$269,000
MLS# 6914249
ACTIVE
Listing Office: Realty ONE Group
Residential
$480,000
MLS# 6916388
ACTIVE
Listing Office: Berkshire Hathaway HomeServices Arizona Properties
Residential Lease
$1,410
MLS# 6922252
ACTIVE
Listing Office: Keller Williams Realty East Valley
Residential Lease
$3,500
MLS# 6926965
ACTIVE
Listing Office: RE/MAX Fine Properties
Residential
$157,900
MLS# 6925517
CONTRACT
Listing Office: HomeSmart
Residential
$265,000
MLS# 6924350
ACTIVE
Listing Office: Gentry Real Estate
Residential
$489,000
MLS# 6919028
CONTRACT
Listing Office: HomeSmart
Residential
$269,900
MLS# 6920626
PENDING
Listing Office: West USA Realty
Residential
$178,000
MLS# 6921798
ACTIVE
Listing Office: A.Z. & Associates
Residential
$470,000
MLS# 6915206
Closed
Listing Office: Citiea
Residential
$179,000
MLS# 6921374
ACTIVE
Listing Office: eXp Realty
Residential
$349,900
MLS# 6915047
CONTRACT
Listing Office: The Brokery
Residential
$240,000
MLS# 6914837
ACTIVE
Listing Office: Keller Williams Realty Phoenix
Residential
$440,000
MLS# 6912972
ACTIVE
Listing Office: Berkshire Hathaway HomeServices Arizona Properties
Residential
$595,000
MLS# 6914600
CONTRACT
Listing Office: Local Luxury Christie's International Real Estate
Residential
$265,000
MLS# 6909989
PENDING
Listing Office: Compass
Residential
$221,500
MLS# 6910931
ACTIVE
Listing Office: LPT Realty, LLC
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