Representative Rental Rates and Home Costs in Phoenix Real Estate

We’re a little late getting back with the sample property prices to match the sample rents from a week or so ago.

The same methodology applies … I went into the Arizona Regional MLS looking for single family detached homes with 3 bedrooms and 2 baths between 1,500 and 1,600 square feet without a pool. What you’re seeing is the low end of the price range for each community in the MLS. This should balance against situations where  the lowest priced home is thrashed.

All of the data is culled from the MLS and leans toward the conservative so, as loyal reader Jerry pointed out, the rents actually might be better than what I’ve got listed. (This also helps explain something that looks to be a bit counter-intuitive – rent higher in El Mirage than Surprise.)

They also could be a touch worse depending on the basics such as condition, location and supply and demand.

Still, for those looking for a starting point, I think this should work. Enjoy!

 

CITY APPROX. RENT APPROX. PRICE
Anthem   $165,000
Avondale $800 $105,000
Buckeye $795 $90,000
Chandler $895 $155,000
El Mirage $845 $85,000
Florence $650 $85,000
Gilbert $975 $150,000
Glendale $850 $120,000
Glendale – Arrowhead $995 $185,000
Goodyear $850 $125,000
Laveen $900 $115,000
Maricopa $750 $85,000
Mesa $850 $125,000
Peoria $950 $130,000
Peoria – Fletcher Hgts $1,195 $190,000
Phoenix $850 $100,000
N. Phoenix $1,100 $180,000
Queen Creek $750 $85,000
San Tan Valley $850 $100,000
S. Scottsdale $1,050 $175,000
N. Scottsdale $1,700 $325,000
Surprise $775 $115,000
Tempe $895 $160,000
Tolleson $895 $130,000

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

3 Comments

  • BawldGuy 8 years ago

    El Mirage — Queen Creek. 🙂

  • Jonathan Dalton 8 years ago

    Told ya …

  • lenny genovese 8 years ago

    do you have any info on id #4320426

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