Markets › Phoenix
Yearly benchmarkMoves monthlyMoves weeklyNews daily
Phoenix AZ
Covers Phoenix, Mesa and Chandler.
Current market read
Balanced market
ConditionBalanced
Balanced on the yearly data, with the recent monthly signals easing.
From public data. The situation now, not a forecast.
Renter Google searchabout 9,900 searches in July 2026 · HousesSee read →
Renter Google Search InterestGoogle · monthly
About 9,900 searches in July 2026, for Phoenix on its own
What renters Google mostHousesSee all →Attention, not a verdict. Google searches for apartments to rent.
Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Cooling
Easing lately, asking rents are slipping, as of Aug 2026.
VacancyCENSUS · 2024
Share of rentals sitting empty. Yearly Census backdrop, not what sets the condition.
Asking rentZILLOW · MONTHLY
0%
▲ Year over year
SEP ’24AUG ’26
Census 2024: +3.4% · US avg +5.2%
Median rentCENSUS · 2024
$1,819/mo
Typical rent, 2024 yearly count
In the news · PhoenixNEWS · DAILY
Latest local coverage, 2 days ago.● softer● neutral● firmer
Vikings owners plan 504-unit luxury apartment complex next to Desert Ridge MarketplacePhoenix economy sends mixed signals as housing strengthensHundreds of workforce housing apartments coming to southwest PhoenixView all 8 Phoenix news →Demand vs supplyCENSUS + BLS
Moderate demand
DEMAND
Jobs+0.9%
Migration 2025+4.26/1k
SUPPLY
Permits 2025+7%
Vacancy 20247.5%
Rent vs buyFREDDIE MAC · WEEKLY
+$1,647/mo
Cheaper to rent than buying
rent $1,819 · own $3,466
$1,819RENT
$3,466OWN
Net migrationCENSUS · 2025
+4.26/1k
▲ Net inflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.