Rental activity and trends for the Phoenix Metro area as reported by Zillow Research
“Affordability is beginning to recover and move closer to historical norms. The share of income the median household spends on typical rent has eased to 26.5%, down slightly from a year ago and nearing the pre-pandemic level of 25.8%.“
Typical Rent: $1,735 (-0.8% change year over year)
Single Family: $2,280 (0.8% increase year over year)
Multifamily: $1,508 (-2.2% change year over year)
Observed Rent Index – Phoenix
Rental Demand – Phoenix
Single Family vs. Multifamily – Phoenix
Affordability – Phoenix
Observed Rent Index – United States
