Resources for Landlords and Real Estate Investors

June 2020 Rental Market Update

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

Closed Rental Units: 2,134 (8.43% increase year over year)

Median Lease Rate: $1,675 (4.69% increase year over year)

Average Lease Rate: $1,839 (2.97% increase year over year)

Average Days on Market: 29 (26.09% increase year over year)