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Phoenix Rental Market

Reports and data about the Phoenix real estate investment rental market. We dig into the numbers and provide occasional reports about the rental market for our current clients and future investment clients.

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Single Family Leasing Market In Greater Phoenix For November 2011

Tuesday, November 22nd, 2011 at 7:38pm. 568 Views, 0 Comments.

Since many of our clients are investors the state of the rental market is fairly important as it will influence not only the price you pay, but also the return on the investment.

The most recent data via the newely formed Rent Check by the ARMLS shows the following:

Median Lease Price: $1,099

Average Lease Price: $1,271

Average Days On The Market: 41

Below is the partial data from July to December for each year from 2008 to 2011 with the number of units leased.

Jul Aug Sep Oct Nov Dec

2008 2,517 2,154 1,890 2,115 1,835 1,780
2009 2,530 2,535 2,324 2,529 2,290 2,156
2010 2,613 2,567 2,447 2,541 2,407 2,235
2011 3,050 3,005 …

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