What Types of Phoenix Homes Make the Best Rental Investments.

211730 Resource 164804 165387 165387 1219623143596 1245962802150 Controlled Greater Phoenix Investment Rental Market | Single Family Home Rental Rates and Supply

Greater Phoenix rental rates by city, supply by city and sales comparison by city.

Below is a chart with a lot of information.  It's data that can be used by a buyer but more so an investor in single family homes in Greater Phoenix. If you have questions such as: <ul> <li>How many homes lease in a "city"? and what is the supply of rental homes?</li> <li>What is the rental rate in  a "city"? and how does the asking price compare to the leased price?</li> <li>How many homes are for sale compared to homes for lease and what is the average sold price and how many homes sold?</li> </ul> You should be able to answer a lot of question using this data.  If you do have any questions please don't hesitate to contact us. Cities are listed in order of total supply in months from lowest supply on top.   <table cellspacing="1" cellpadding="1" border="1" align="middle" style="width: 95%;"> <tbody> <tr> <td>City</td> <td>Avg. List $/SF</td> <td>Leased per month</td> <td>Leased $/SF</td> <td>Months Supply</td> <td> Total Rental  Supply </td> <td>Sales Average $/SF</td> <td>Homes For Sale</td> <td>Homes Sold</td> <td>Avg. Sold Price</td> </tr> <tr> <td>Goodyear</td> <td>$0.68</td> <td>68</td> <td>$0.60</td> <td>1.7</td> <td>116</td> <td>$97.74</td> <td>897</td> <td>154</td> <td>$213,000</td> </tr> <tr> <td>Avondale</td> <td>$0.58</td> <td>72</td> <td>$0.56</td> <td>1.8</td> <td>130</td> <td>$84.00</td> <td>966</td> <td>142</td> <td>$168,000</td> </tr> <tr> <td>Gilbert</td> <td>$0.74</td> <td>160</td> <td>$0.67</td> <td>1.9</td> <td>304</td> <td>$119.12</td> <td>2,133</td> <td>360</td> <td>$277,000</td> </tr> <tr> <td>Tolleson</td> <td>$0.62</td> <td>16</td> <td>$0.52</td> <td>1.9</td> <td>31</td> <td>$77.89</td> <td>485</td> <td>85</td> <td>$161,000</td> </tr> <tr> <td>Litchfield Park</td> <td>$0.63</td> <td>36</td> <td>$0.57</td> <td>1.9</td> <td>68</td> <td>$95.57</td> <td>435</td> <td>63</td> <td>$272,000</td> </tr> <tr> <td>Tempe</td> <td>$1.01</td> <td>114</td> <td>$0.84</td> <td>2.1</td> <td>240</td> <td>$153.71</td> <td>548</td> <td>91</td> <td>$271,000</td> </tr> <tr> <td>Peoria</td> <td>$0.73</td> <td>113</td> <td>$0.64</td> <td>2.2</td> <td>249</td> <td>$113.34</td> <td>1,682</td> <td>226</td> <td>$249,000</td> </tr> <tr> <td>Anthem</td> <td>$0.70</td> <td>62</td> <td>$0.59</td> <td>2.3</td> <td>143</td> <td>$112.36</td> <td>443</td> <td>82</td> <td>$277,000</td> </tr> <tr> <td>Chandler</td> <td>$0.77</td> <td>174</td> <td>$0.68</td> <td>2.4</td> <td>418</td> <td>$130.75</td> <td>1,875</td> <td>317</td> <td>$292,000</td> </tr> <tr> <td>Queen Creek</td> <td>$0.57</td> <td>93</td> <td>$0.50</td> <td>2.5</td> <td>233</td> <td>$75.74</td> <td>1,742</td> <td>369</td> <td>$173,000</td> </tr> <tr> <td>Maricopa</td> <td>$0.48</td> <td>51</td> <td>$0.47</td> <td>2.5</td> <td>128</td> <td>$63.99</td> <td>856</td> <td>130</td> <td>$147,000</td> </tr> <tr> <td>Surprise</td> <td>$0.69</td> <td>130</td> <td>$0.56</td> <td>2.6</td> <td>338</td> <td>$88.44</td> <td>1,584</td> <td>288</td> <td>$193,000</td> </tr> <tr> <td>Glendale</td> <td>$0.77</td> <td>100</td> <td>$0.69</td> <td>2.7</td> <td>270</td> <td>$107.56</td> <td>2,168</td> <td>296</td> <td>$208,000</td> </tr> <tr> <td>Laveen</td> <td>$0.59</td> <td>19</td> <td>$0.54</td> <td>2.7</td> <td>51</td> <td>$88.61</td> <td>488</td> <td>75</td> <td>$203,000</td> </tr> <tr> <td>Buckeye</td> <td>$0.60</td> <td>56</td> <td>$0.50</td> <td>2.9</td> <td>163</td> <td>$78.78</td> <td>1,142</td> <td>139</td> <td>$168,000</td> </tr> <tr> <td>Mesa</td> <td>$0.75</td> <td>170</td> <td>$0.69</td> <td>2.9</td> <td>493</td> <td>$115.47</td> <td>3,355</td> <td>426</td> <td>$213,000</td> </tr> <tr> <td>Gold Canyon</td> <td>$0.80</td> <td>12</td> <td>$0.62</td> <td>3.9</td> <td>47</td> <td>$197.69</td> <td>269</td> <td>24</td> <td>$355,000</td> </tr> <tr> <td>Phoenix</td> <td>$0.93</td> <td>456</td> <td>$0.76</td> <td>4.1</td> <td>1,870</td> <td>$122.85</td> <td>10,995</td> <td>1179</td> <td>$215,000</td> </tr> <tr> <td>Cave Creek</td> <td>$0.93</td> <td>18</td> <td>$0.74</td> <td>5.0</td> <td>90</td> <td>$196.94</td> <td>511</td> <td>43</td> <td>$436,000</td> </tr> <tr> <td>Casa Grande</td> <td>$0.53</td> <td>5</td> <td>$0.48</td> <td>5.4</td> <td>27</td> <td>$71.03</td> <td>543</td> <td>77</td> <td>$158,000</td> </tr> <tr> <td>Sun City</td> <td>$0.61</td> <td>10</td> <td>$0.58</td> <td>5.5</td> <td>55</td> <td>$100.92</td> <td> </td> <td>55</td> <td>$166,000</td> </tr> <tr> <td>Scottsdale</td> <td>$1.27</td> <td>332</td> <td>$0.95</td> <td>6.7</td> <td>2,224</td> <td>$224.77</td> <td>499</td> <td>293</td> <td>$635,000</td> </tr> <tr> <td>El Mirage</td> <td>$0.60</td> <td>9</td> <td>$0.61</td> <td>7.4</td> <td>67</td> <td>$74.73</td> <td>479</td> <td>83</td> <td>$126,000</td> </tr> <tr> <td>Sun Lakes</td> <td>$0.80</td> <td>4</td> <td>$0.58</td> <td>9.3</td> <td>37</td> <td>$130.43</td> <td>154</td> <td>18</td> <td>$254,000</td> </tr> <tr> <td>Fountain Hills</td> <td>$1.22</td> <td>19</td> <td>$0.79</td> <td>9.5</td> <td>181</td> <td>$203.65</td> <td>480</td> <td>28</td> <td>$468,000</td> </tr> <tr> <td>Apache Junction</td> <td>$0.73</td> <td>3</td> <td>$0.66</td> <td>15</td> <td>45</td> <td>$96.78</td> <td>485</td> <td>40</td> <td>$137,000</td> </tr> <tr> <td>Paradise Valley</td> <td>$1.45</td> <td>4</td> <td>$1.00</td> <td>16.5</td> <td>66</td> <td>$425.73</td> <td>460</td> <td>17</td> <td>$2,035,000</td> </tr> <tr> <td>Arizona City</td> <td>$0.54</td> <td>1</td> <td>$0.58</td> <td>28</td> <td>28</td> <td>$66.99</td> <td>222</td> <td>21</td> <td>$87,000</td> </tr> </tbody> </table> (All data is from the ARMLS, processed by The Cromford Report and graphed by Artur Ciesielski, CCIM) The rental market in Phoenix has experienced a decline in rental rates.  It's clear from the data above and from our practical experience that what homes rent for now has declined compared to a year ago and a few months ago.  This is a result of the increased competition for tenants.  While the overall supply seems low at around 2 months its actually high compared to what is should be.  Recently more people have been buying homes, especially in the starter home category.  It's these buyers who usually move out of a rental home into one they purchased.  Prospective tenants seem to be more savvy as well.  Where as before rents were what the lessor asked while now lessees have a tendency to negotiate on the lease rate often pushing it down. Overall it's not difficult to lease a home which is priced for the market, advertised properly and managed well.  Such homes usually lease within a few weeks.  It's difficult to say which direction the rental market will go but I suspect that lease rates will not go down and if so it won't be much.  It also depends on the area.  In some cities the supply is very large, like Casa Grande, Sun City, Fountain Hills, and so on, while the supply is low in Gilbert, Tempe and Goodyear.  Scottsdale is a curious example because there are a lot of homes which simply stay on the market all the time. There will probably be some pressure on prices to increase in the central cities and in in-demand schools districts.  These are the areas which lease best and make for very good investment areas as well, displaying <a href="item/198448">characteristics of ideal rental homes</a> which are very similar to what a home buyer would want, except for the fact that most renters want a more central location.   9 application/xml false Greater Phoenix single family home investing Phoenix housing market Phoenix investment rental market Phoenix real estate Phoenix real estate investment Realtor Phoenix Realtor Phoenix rental rates Phoenix resale rental data for investors What Types of Phoenix Homes Make the Best Rental Investments. Tips for picking a good Phoenix rental home to invest in. item/198448 Investment Rental Market in Greater Phoenix | Gross Rent Multiplier | Greater Phoenix real estate and investments Phoenix rental rates per square foot. item/210866 Phoenix Real Estate Market Trends Overview | Housing Market Current and Historic graphs of the real estate market in Greater Phoenix item/180051 Rental Homes, Condos and Townhouses in Central Phoenix, Paradise Valley & Scottsdale for Lease Find a home, condo or loft for lease in Greater Phoenix. item/205096 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.11) Gecko/2009060214 Firefox/3.0.11 GTB5 127.0.0.1 127.0.0.1 aciesielski 98.165.105.198 false true false false true 176502 false false true false false false true 212058 Resource 176502 173239 165387 1220150942113 1220151892896 Controlled First Time Visit

Great Site!!!

Nice site!!! I really enjoyed the post and I will be back for sure!!!   10 application/xml false Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.1) Gecko/2008070206 Firefox/3.0.1 127.0.0.1 127.0.0.1 aciesielski 98.165.111.208 false true false false true 212060 Resource 176502 165387 165387 1220151967260 1220151967260 Controlled Thanks

Danielle, Thank you for your comment.  I did see your site as well. 10 application/xml false Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.1) Gecko/2008070206 Firefox/3.0.1 127.0.0.1 127.0.0.1 aciesielski 98.165.111.208 false true false false true 227109 Resource 176502 173239 165387 1235515330344 1235519071248 Controlled Rental Market | Single Family Home Rental Rates and Supply

This is great info. Where can I find the latest update to these statistics? Thanks Richard 10 application/xml false Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.6) Gecko/2009011912 Firefox/3.0.6 GTB5 127.0.0.1 127.0.0.1 aciesielski 98.165.105.198 false true false false true 227118 Resource 176502 165387 165387 1235519361049 1235519361049 Controlled Greater Phoenix Investment Rental Market

Rental Trends in Phoenix, AZ

I will be posting updated numbers in the next two weeks.  By 3/5/09.  the link will be below the older data plus on the home page at publishing.  Don't miss it: subscribe to updates via email or RSS feed. 10 application/xml false Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.6) Gecko/2009011912 Firefox/3.0.6 GTB5 127.0.0.1 127.0.0.1 aciesielski 98.165.105.198 false true false false true 164804 blog blogsite/ArturCiesielski/web