Category: Market Updates

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)

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)

Check out recent rental activity and trends for the Phoenix Metro area for May 2020… Closed Rental Units: 2,034 (15.37% increase year over year) Median Lease Rate: $1,600 (3.23% increase year over year) Average Lease Rate: $1,764 (3.34% increase year over year) Average Days on Market: 29 (16% increase year over year)

Check out recent rental activity and trends for the Phoenix Metro area for April 2020… Closed Rental Units: 1,618 (2.08% increase year over year) Median Lease Rate: $1,600 (6.67% increase year over year) Average Lease Rate: $1,751 (2.94% increase year over year) Average Days on Market: 24 (4.5% increase year over year)

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)

Check out recent rental activity and trends for the Phoenix Metro area for February 2020… Closed Rental Units: 1,750 (1.98% increase year over year) Median Lease Rate: $1,550 (3.68% increase year over year) Average Lease Rate: $1,717 (4.89% increase year over year) Average Days on Market: 28 (3.6% decrease year over year) Rentals America provides full-service property management for residential …

Continue reading “February 2020 Rental Market Update”

Check out recent rental activity and trends for the Phoenix Metro area for January 2020… Closed Rental Units: 1,701 (1.49% increase year over year) Median Lease Rate: $1,550 (5.08% increase year over year) Average Lease Rate: $1,742 (4.81% increase year over year) Average Days on Market: 34 (6.25% increase year over year)