LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,864
Monthly Cash Flow
-$677
Principal + Equity
$3,173
Annual Total Gain
$29,952
Cash on Cash
-6.71%
Net ROI %
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
Places with the Best Public Schools in Arizona
#13out of 121 markets
Best Suburbs for Young Professionals in Arizona
#11out of 57 markets
Suburbs with the Best Public Schools in Arizona
#11out of 55 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Peoria, AZ.
As of September 2021, Peoria, AZ does not have specific regulations in place for short-term rentals (STRs), such as those found on platforms like Airbnb or Vrbo. However, it is important for investors to be aware of potential future regulations that may be implemented by the city.
Investors should consider the following factors before purchasing a property in Peoria for short-term rental purposes:
1. Zoning regulations: Investors should check the zoning laws in the specific area of Peoria where they are considering purchasing a property for STR. Some neighborhoods may have restrictions on short-term rentals or may require a special permit.
2. Homeowner's association (HOA) rules: Many neighborhoods in Peoria are governed by HOAs, which may have their own rules and regulations regarding short-term rentals. Investors should review the HOA's bylaws and covenants before purchasing a property.
3. Taxes and permits: Investors should be aware of any local taxes or permits required for operating a short-term rental in Peoria. This may include obtaining a transaction privilege tax license from the city.
4. Noise and nuisance regulations: Investors should be mindful of noise and nuisance regulations in Peoria, as complaints from neighbors about loud parties or disruptive guests could lead to fines or other penalties.
5. Insurance considerations: Investors should ensure they have the appropriate insurance coverage for a short-term rental property, including liability insurance and coverage for damage caused by guests.
Overall, while Peoria currently does not have specific regulations for short-term rentals, investors should conduct thorough research and due diligence before purchasing a property for this purpose to ensure compliance with any future regulations and to mitigate potential risks.
Market Trends Over Time
Explore 25 years of market data for Peoria, 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 Peoria, AZ.
The LTR Genie Score of Peoria, AZ is 65 and STR Genie Score is 71, indicating a high level of rentability for both long-term and short-term rental properties in the area. The LTR Rent Growth Rate of 0.0601% and the STR Net ROI of 33.63% contribute to the high Genie Scores. The 1-Year Price Appreciation Forecast of 0.48% suggests a stable market with potential for growth.
Peoria, AZ is a growing city located in the Phoenix metropolitan area, known for its family-friendly neighborhoods, outdoor recreational opportunities, and strong job market. With a diverse economy and a range of housing options, Peoria offers a promising investment opportunity for real estate investors.
Based on the metrics provided, Peoria, AZ appears to be an attractive market for both long-term and short-term rental investments. The high LTR and STR Genie Scores, along with the positive Net ROI figures, indicate a favorable environment for rental properties. Investors may consider diversifying their portfolio by investing in both long-term and short-term rentals in Peoria to maximize their returns in this thriving market.
