Resources for Landlords and Real Estate Investors

August 2020 Rental Market Update

Check out recent rental activity and trends for the Phoenix Metro area for August 2020…

Closed Rental Units: 2,060 (8.36% decrease year over year)

Median Lease Rate: $1,743 (9.28% increase year over year)

Average Lease Rate: $1,937 (9.25% increase year over year)

Average Days on Market: 25 (13.8% decrease year over year)