Rental activity and trends for the Phoenix Metro area as reported by Zillow Research
“39.8% of rentals on Zillow offered concessions this spring — up 5 percentage points from a year ago, according to a new Zillow analysis.“
“A year ago, roughly 1 in 3 rental listings offered a concession. Before the pandemic, it was closer to 1 in 6. The shift reflects a market where supply has outpaced demand.”
Typical Rent: $1,741 (-0.7% change year over year)
Single Family: $2,296 (0.6% change year over year)
Multifamily: $1,524 (-1.9% change year over year)
Observed Rent Index – Phoenix
Rental Demand – Phoenix
Single Family vs. Multifamily – Phoenix
Affordability – Phoenix
Observed Rent Index – United States
