Resources for Landlords and Real Estate Investors

July 2020 Rental Market Update

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

Closed Rental Units: 2,274 (7.47% increase year over year)

Median Lease Rate: $1,699 (6.19% increase year over year)

Average Lease Rate: $1,887 (5.83% increase year over year)

Average Days on Market: 26 (8.3% increase year over year)