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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)
1,685
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
$1,650
$3,500,000
$735,000
$192,000
$499,500
$205,000
$569,000
$299,999
$199,900
$254,900
$135,000
$365,000
$599,000
$2,095
$1,995
$309,000
$345,000
$600,000
$749,500
$1,795
$380,000
$325,000
3D Tour
3D Tour
Days on the Market
Ascending
24
Residential
$524,995
MLS# 6988141
CONTRACT
Listing Office: West USA Realty
Residential Lease
$2,195
MLS# 6985604
PENDING
Listing Office: Provident Partners Realty
Residential
$379,000
MLS# 6992878
ACTIVE
Listing Office: HomeSmart
Residential
$355,000
MLS# 6991070
ACTIVE
Listing Office: My Home Group Real Estate
Residential
$280,000
MLS# 6991871
ACTIVE
Listing Office: eXp Realty
Residential
$219,000
MLS# 6988695
CONTRACT
Listing Office: Dominion Group Properties
Residential
$450,000
MLS# 6990417
PENDING
Listing Office: HomeSmart
Residential
$214,000
MLS# 6985086
CONTRACT
Listing Office: HomeSmart
Residential
$189,000
MLS# 6990558
ACTIVE
Listing Office: Fathom Realty Elite
Residential
$244,000
MLS# 6991957
ACTIVE
Listing Office: Real Broker
Residential
$230,000
MLS# 6991046
Closed
Listing Office: RE/MAX Fine Properties
Residential Lease
$2,150
MLS# 6990656
PENDING
Listing Office: Urman
Residential
$250,000
MLS# 6991524
PENDING
Listing Office: Coldwell Banker Realty
Residential
$1,395,000
MLS# 6991745
ACTIVE
Listing Office: The Brokery
Residential
$319,000
MLS# 6989302
ACTIVE
Listing Office: A.Z. & Associates
residential
$220,000
MLS# 6989409
ACTIVE
Listing Office: Engel & Volkers Gilbert
Residential
$515,000
MLS# 6989066
Closed
Listing Office: Barrett Real Estate
Residential
$480,000
MLS# 6985780
ACTIVE
Listing Office: Sound Realty
Residential
$139,000
MLS# 6990923
ACTIVE
Listing Office: HomeSmart Lifestyles
Residential
$229,500
MLS# 6990233
ACTIVE
Listing Office: Delex Realty
Residential
$340,000
MLS# 6983544
PENDING
Listing Office: Realty Executives Arizona Territory
Residential
$459,000
MLS# 6983095
ACTIVE
Listing Office: My Home Group Real Estate
Residential
$189,900
MLS# 6988047
ACTIVE
Listing Office: HomeSmart Realty
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