Phoenix, AZ Rental Market Analysis
Updated March 2026 · Population: 1,660,272 · Data for rental property investors
Sample Deal: Median Phoenix Rental Property
$415,000
$103,750
$1,550/mo
$1,967/mo
$13,379
0.57
* Based on 25% down, 6.5% interest, 30-year term. Includes taxes, insurance, and vacancy allowance. Does not include maintenance, management, or capital expenditures.
Why Invest in Phoenix?
TSMC, Intel, and other semiconductor manufacturers are investing tens of billions in the Phoenix metro. Arizona has no rent control and landlord-friendly laws. The population continues to grow as people relocate from California.
Major Employers in Phoenix
Understanding the local employment base is critical for evaluating rental demand stability. Phoenix's economy is anchored by:
Best Neighborhoods for Rental Investors
Top Zip Codes for Investors
Investor Tip: Phoenix
Phoenix cap rates have compressed post-pandemic. The west valley (Maryvale, 85033) still offers properties under $300K with decent rents. TSMC's $40B chip fab plant in north Phoenix is creating thousands of new jobs.
Analyze Your Phoenix Deal
Use becvio's free calculators to run the numbers on any Phoenix property.