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Take advantage of panic selling! Hedge against inflation and earn steady income.
Payam
Raouf
Associate
Broker.
As of today, 10/6/2025 there are only 397 homes in the entire Maricopa county(phoenix Metropolitan area) on the market according to MLS with the following criteria. 4 bed rooms, 2 bath, 2 car garage, no pool, between 1800 to 2500 square feet, build in 2000 and newer, between $350000, tom $450000. They rent between 1800-2300 per month depending on the house, area and amenities. I believe this is the right criteria for a rental house in Phoenix Metro. The following cities I believe are the most desirable in this price range are: Surprise, El Mirage, Goodyear, Peoria, and Avondale, pretty much in west and NW valley however where there is an opportunity anywhere in the valley take it. Take advantage of panic selling. Please read the las paragraph!
According to AI:
The
rental market in Arizona is experiencing mixed conditions in 2025, with
rents falling in some key areas like Phoenix due to a national trend, while the
overall job market and demand remain stable, keeping rents competitive and
preventing extreme fluctuations. A new state law in 2025 also eliminated
municipal rental taxes, providing savings for renters.
Key
Factors:
Rent Declines in Major Metros:
In August 2025, the median rent for a one-bedroom apartment
in the Phoenix area dropped by nearly 8% from the previous year, a trend also
seen nationally.
Despite fluctuating rents, Arizona's job market is strong,
which helps to support overall rental demand.
While rents have seen some decreases, they remain
competitive, meaning they aren't skyrocketing, particularly in major cities
like Phoenix, Tucson, Mesa, and Chandler.
A state law that went into effect in 2025 banned municipal
rental taxes, leading to savings for renters in cities such as Phoenix.
The Arizona housing and rental market is active, with signs
of moderate growth and a resilient housing market overall.
What
to Expect:
The current market conditions, with some rent decreases and
the elimination of taxes, may offer better deals for renters.
A stable job market will continue to support a consistent
demand for rental properties, keeping the market healthy.
Arizona
continues to experience robust population growth, ranking among the
fastest-growing states in the U.S. and attracting significant migration,
especially to its suburban and exurban areas like Pinal County. The
Phoenix metropolitan area is a major driver, with growth fueled by both
domestic and international migration. This expansion is supported by a
growing economy, a favorable climate, and an aging native population,
necessitating continued attraction of working-age migrants to the state.
Key Trends & Figures
- High Growth Rate:
Arizona
was the 7th fastest-growing state in the U.S. from 2020 to 2022, adding over
207,000 residents, according to the U.S. Census Bureau.
- Driven by Migration:
The
primary driver of Arizona's population growth is migration, with the Phoenix
metro area seeing significant domestic and international arrivals.
- Suburban Expansion:
Rapid
population growth is occurring in suburbs and towns surrounding the Phoenix
metro area, with cities like Maricopa and Casa Grande showing high growth
rates.
- Pinal County Leading Growth:
Pinal
County, which includes cities like Casa Grande, is the fastest-growing county
in Arizona.
- Economic and
Environmental Factors:
The
state's favorable climate and growing economy, particularly in areas like
semiconductor manufacturing, are attracting people to Arizona.
Future Outlook
- The Arizona Office of
Economic Opportunity predicts continued
population growth, with an anticipated increase of 900,000 people over the
next decade.
- This growth will be crucial for maintaining labor force
participation as the native population ages and fewer young people reach
18, highlighting the need to attract and retain a working-age workforce.
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