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Phoenix, 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
$1,611
Monthly Cash Flow
-$750
Principal + Equity
$2,983
Annual Total Gain
$26,798
Cash on Cash
-8.83%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$176
Occupancy Rate
63.33%
Monthly Revenue
$2,336
Monthly Cash Flow
-$375
Principal + Equity
$2,983
Annual Total Gain
$31,298
Cash on Cash %
-4.42%
Net ROI %
Market Health & Growth
Median Income
$77,041
Population
1,624,832
LTR Renter %
42.9%
Forecast (1 yr)
0.34%
Appreciation (1 yr)
-4.58%
Appreciation (5 yr)
39.43%
Appreciation (10 yr)
113.17%
Job Growth
1.38%
LTR Rentability
High
STR Demand
67
STR Rentals
6,981
Top Public Schools
ABASIS Scottsdale
ABASIS Ahwatukee
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 Cities in America
#70out of 229 markets
Best Cities to Retire in America
#77out of 229 markets
Cities with the Best Public Schools in America
#111out of 229 markets
B-
Public School
D
Crime And Safety
C-
Housing
B
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 Phoenix, AZ.
In Phoenix, AZ, Short Term Rental (STR) regulations are governed by the city's Zoning Ordinance and the Arizona Residential Landlord and Tenant Act. Here are some key regulations that an investor should be aware of before investing in purchasing a property for Short Term Rental in Phoenix:
1. Zoning Regulations: Phoenix has specific zoning regulations that dictate where Short Term Rentals 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 Registration: Short Term Rental hosts in Phoenix are required to obtain a Transient Lodging Tax License from the city. Additionally, hosts must register their property with the city and pay applicable taxes.
3. Occupancy Limits: There are occupancy limits for Short Term Rentals in Phoenix, with a maximum of 15 guests allowed per property. Investors should ensure that the property they are considering purchasing complies with these occupancy limits.
4. Noise Regulations: Phoenix has noise regulations that Short Term Rental hosts must adhere to, including quiet hours between 10pm and 7am. Investors should be aware of these regulations and ensure that their property is in compliance.
5. Safety and Health Regulations: Short Term Rental properties in Phoenix must meet certain safety and health standards, including having working smoke detectors, fire extinguishers, and proper sanitation facilities. Investors should ensure that the property they are considering purchasing meets these requirements.
6. Homeowner's Association (HOA) Rules: If the property is located in a community with a Homeowner's Association, investors should review the HOA rules and regulations regarding Short Term Rentals. Some HOAs may have restrictions or prohibitions on Short Term Rentals.
Overall, investors should thoroughly research and understand the Short Term Rental regulations in Phoenix before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and potential legal issues. It is recommended to consult with a real estate attorney or property management company familiar with Short Term Rental regulations in Phoenix to ensure compliance and successful operation of the rental property.
Market Trends Over Time
Explore 25 years of market data for Phoenix, 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 Phoenix, AZ.
The LTR Genie Score of Phoenix, AZ is 67 and STR Genie Score is 68, indicating a high level of rentability for both long-term and short-term rental properties in the area. The LTR Rent Growth Rate of 0.0626% and the STR Net ROI of 30.72% suggest that both rental strategies can be profitable in Phoenix. The 1-Year Price Appreciation Forecast of 0.34% also indicates potential for property value growth in the near future.
Phoenix, AZ is a rapidly growing city with a strong economy and a diverse population. The real estate market in Phoenix has been experiencing steady growth in recent years, making it an attractive location for real estate investors.
Based on the metrics provided, Phoenix, AZ appears to be a favorable market for both long-term and short-term rental investments. With high LTR and STR Genie Scores, as well as positive net ROI and rent growth rate, investors may find success in either rental strategy in this market. It is recommended for real estate investors to consider diversifying their portfolio by investing in both long-term and short-term rental properties in Phoenix, AZ.
LTR Genie Score 78
$205,000
🛏 2 Beds🛁 2.0000 Baths🏙 1,100 sqft.🏠 SINGLE FAMILY
