Resources for Landlords and Real Estate Investors

March 2020 Rental Market Update

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

Closed Rental Units: 1,783 (0.056% decrease year over year)

Median Lease Rate: $1,600 (7.02% increase year over year)

Average Lease Rate: $1,759 (7.32% increase year over year)

Average Days on Market: 26 (13.04% increase year over year)