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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
$1,325
$205,000
$364,900
$234,900
$219,000
$1,695
$1,595
$228,000
$205,000
$285,000
$299,000
$312,500
$410,000
$260,000
$1,500
$240,000
$410,000
$260,000
$375,000
$1,750
$449,990
$424,990
$429,990
$2,100
Days on the Market
Ascending
24
Residential
$385,000
MLS# 6908033
PENDING
Listing Office: RE/MAX Cornerstone
Residential Lease
$1,450
MLS# 6907720
ACTIVE
Listing Office: Diligence Realty
Residential
$168,000
MLS# 6904774
PENDING
Listing Office: eXp Realty
Residential Lease
$1,050
MLS# 6891623
Closed
Listing Office: AZREAPM
residential
$365,999
MLS# 6890844
ACTIVE
Listing Office: RE/MAX Desert Showcase
Residential
$218,000
MLS# 6891761
ACTIVE
Listing Office: The Brokery
Residential Lease
$2,095
MLS# 6898397
ACTIVE
Listing Office: Property Management Real Estate
Residential
$279,999
MLS# 6895819
ACTIVE
Listing Office: The Brokery
residential
$249,900
MLS# 6896425
ACTIVE
Listing Office: eXp Realty
Residential
$449,000
MLS# 6886344
ACTIVE
Listing Office: HomeSmart
Residential
$359,900
MLS# 6889434
ACTIVE
Listing Office: Keller Williams Realty Phoenix
Residential
$279,999
MLS# 6896068
Closed
Listing Office: My Home Group Real Estate
Residential
$225,000
MLS# 6894485
ACTIVE
Listing Office: Local Luxury Christie's International Real Estate
Residential
$200,000
MLS# 6889409
Closed
Listing Office: Keller Williams Arizona Realty
Residential
$230,000
MLS# 6890740
Closed
Listing Office: Realty ONE Group
Residential
$375,000
MLS# 6886882
ACTIVE
Listing Office: Real Broker
Residential
$455,000
MLS# 6890103
ACTIVE
Listing Office: Silverleaf Realty
Residential Lease
$2,500
MLS# 6877219
Closed
Listing Office: Schlecht Realty, LLC
Residential
$1,115,000
MLS# 6871511
Closed
Listing Office: Compass
Residential
$355,000
MLS# 6869104
ACTIVE
Listing Office: HomeSmart
Residential
$374,500
MLS# 6858950
ACTIVE
Listing Office: At Home Real Estate Arizona
Residential
$314,500
MLS# 6857840
CONTRACT
Listing Office: Realty85
residential
$499,999
MLS# 6846947
ACTIVE
Listing Office: Buyers Information Service, Inc.
Residential
$380,000
MLS# 6852007
ACTIVE
Listing Office: HomeSmart
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