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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)
1,829
Average Days on the Market
1694
Average Year Build
1985
Recent Transactions
Homes Sold (last 30 days)
1289
Average Sale Price (last 30 days)
$581,294
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
$215,000
$192,500
$239,999
$54,000
$205,000
$220,000
$259,900
$270,000
$156,000
$1,700
$179,000
$1,450
$1,350
$1,550
$130,000
$149,000
$134,900
$1,050
$1,450
$1,250
$1,150
$1,195
$85,000
$209,999
Days on the Market
Ascending
24
Residential
$399,000
MLS# 6996665
ACTIVE
Listing Office: HomeSmart
Residential Lease
$5,995
MLS# 7007336
ACTIVE
Listing Office: HomeSmart
Residential
$375,000
MLS# 7005574
ACTIVE
Listing Office: HomeSmart
Residential
$415,000
MLS# 7007512
ACTIVE
Listing Office: RE/MAX Alliance Group
Residential
$599,000
MLS# 7007909
ACTIVE
Listing Office: The Brokery
Residential
$550,000
MLS# 6996167
ACTIVE
Listing Office: eXp Realty
Residential Lease
$2,095
MLS# 6998242
ACTIVE
Listing Office: MMRE Advisors
Residential Lease
$1,995
MLS# 6998296
ACTIVE
Listing Office: MMRE Advisors
Residential
$335,000
MLS# 7005518
ACTIVE
Listing Office: HomeSmart
Residential
$190,000
MLS# 7006770
ACTIVE
Listing Office: My Home Group Real Estate
Residential
$440,000
MLS# 7007277
ACTIVE
Listing Office: Creel Management LLC
Residential
$179,900
MLS# 7005873
ACTIVE
Listing Office: Real Broker
Residential
$309,000
MLS# 7007695
ACTIVE
Listing Office: Coldwell Banker Realty
Residential
$345,000
MLS# 7006187
ACTIVE
Listing Office: Arizona Elite Properties
Residential Lease
$1,325
MLS# 7002767
ACTIVE
Listing Office: Keller Williams Realty East Valley
Residential Lease
$1,195
MLS# 7000475
ACTIVE
Listing Office: Property Management Real Estate
Residential
$600,000
MLS# 7000048
ACTIVE
Listing Office: Sound Realty
Residential
$350,000
MLS# 7006345
ACTIVE
Listing Office: HomeSmart
Residential Lease
$1,800
MLS# 6996645
ACTIVE
Listing Office: Creel Management LLC
Residential
$219,900
MLS# 7004566
ACTIVE
Listing Office: My Home Group Real Estate
Residential
$749,500
MLS# 7004977
PENDING
Listing Office: Reckling Real Estate
Residential
$485,000
MLS# 6995626
ACTIVE
Listing Office: Arete Realty & Property Mgmt
Residential Lease
$1,795
MLS# 7003008
ACTIVE
Listing Office: West USA Realty
Residential
$209,900
MLS# 7006463
ACTIVE
Listing Office: Realty ONE Group
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