Resources for Landlords and Real Estate Investors

December 2020 Rental Market Update

Here’s the latest rental activity and trends for the Phoenix Metro area for December 2020…

Closed Rental Units: 1,672 (5.37% decrease year over year)

Median Lease Rate: $1,725 (9.87% increase year over year)

Average Lease Rate: $1,887 (10.42% increase year over year)

Average Days on Market: 25 (21.88% decrease year over year)