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Goodyear, AZ Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,881
Monthly Cash Flow
-$688
Principal + Equity
$2,946
Annual Total Gain
$27,093
Cash on Cash
-7.01%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$245
Occupancy Rate
60%
Monthly Revenue
$2,886
Monthly Cash Flow
-$116
Principal + Equity
$2,946
Annual Total Gain
$33,963
Cash on Cash %
-1.18%
Net ROI %
Market Health & Growth
Median Income
$101,814
Population
102,891
LTR Renter %
22.04%
Forecast (1 yr)
0.6%
Appreciation (1 yr)
-2.7%
Appreciation (5 yr)
39.3%
Appreciation (10 yr)
89.18%
Job Growth
6.74%
LTR Rentability
High
STR Demand
64
STR Rentals
620
Top Public Schools
ABASIS Goodyear
AArizona Agribusiness & Equine Center - Estrella
A
A
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Suburbs in Arizona
#10out of 57 markets
Best Suburbs to Raise a Family in Arizona
#17out of 55 markets
Best Suburbs for Young Professionals in Arizona
#15out of 57 markets
B
Public School
C
Crime And Safety
C
Housing
C
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Goodyear, AZ.
In Goodyear, AZ, Short Term Rentals (STRs) are regulated by the city's zoning ordinances and codes. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: Goodyear has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing and Permits: STR operators in Goodyear are required to obtain a business license and a short term rental permit from the city. These permits may have specific requirements, such as safety inspections and occupancy limits, that investors must comply with.
3. Occupancy Limits: Goodyear may have occupancy limits for STR properties, which dictate the maximum number of guests allowed to stay in the rental at any given time. Investors should be aware of these limits and ensure they are adhered to.
4. Taxes: Investors should be aware of any local taxes that may apply to STR properties in Goodyear. This may include transient occupancy taxes or sales taxes on rental income.
5. HOA Regulations: If the property is located in a homeowners association (HOA), investors should review the association's rules and regulations regarding short term rentals. Some HOAs may have restrictions or prohibitions on STRs.
6. Noise and Nuisance Regulations: Goodyear may have noise ordinances and regulations that STR operators must adhere to. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
Overall, investors looking to purchase a property for short term rental purposes in Goodyear, AZ should thoroughly research and understand the local regulations and requirements before making a purchase. Failure to comply with these regulations could result in fines or other penalties that could impact the profitability of the investment.
Market Trends Over Time
Explore 25 years of market data for Goodyear, AZ, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Goodyear, AZ.
The LTR Genie Score of Goodyear, AZ is 64 and STR Genie Score is 67, indicating a high level of potential for both long-term rental and short-term rental investments in the area. The high LTR Rentability and STR Revenue contribute to the strong Genie Scores. The LTR Rent Growth Rate of 0.0614% and 1-Year Price Appreciation Forecast of 0.6% suggest steady growth in the market. Additionally, the LTR Net ROI of 23.0% and STR Net ROI of 28.84% show promising returns for investors.
Goodyear, AZ is a growing city located in the Phoenix metropolitan area, known for its strong economy, job opportunities, and quality of life. The city's proximity to major highways, airports, and amenities make it an attractive location for real estate investment.
Based on the metrics provided, Goodyear, AZ appears to be a favorable market for both long-term rental and short-term rental investments. Investors may consider diversifying their portfolio by exploring opportunities in both rental strategies to maximize returns. With the high LTR and STR Genie Scores, along with positive growth indicators, Goodyear, AZ presents a promising opportunity for real estate investors.
LTR Genie Score 67
$379,900
🛏 4 Beds🛁 3.0000 Baths🏙 2,464 sqft.🏠 SINGLE FAMILY