Thanks to a recent AZ Big Media report, we know that Phoenix, Arizona is one of the top rental markets in Arizona for 2021.
This news is not surprising, considering that more people continue to migrate out of California and into Phoenix. When you live in Phoenix, you’re a quick flight or drive from most cities nationwide.
More people have been choosing Phoenix in recent years because of the warm weather, affordability, and things to do in the area.
Over the last 12 months, Phoenix has become a ‘haven’ for remote workers who have chosen this part of Arizona to escape crowded cities and the effects Covid-19 lockdowns have had on those cities.
As of February 2021, the average rent for a bedroom apartment in Phoenix is about $1,100 per month.
Comparable apartments in the San Diego area can run from $1,800 to $2,000 per month, so it’s easy to see why more people are relocating to Phoenix.
2021 is evolving into another fantastic year for the Phoenix rental market. More investors are investing in Phoenix rental properties, including single-family homes and multifamily properties.
Even though many cities nationwide continue to struggle with Covid-19, Phoenix remains an ideal city for investors. Demographic trends show that we can expect further healthy employment and excellent income growth expectations in 2021.
At GoldenWest Management, the team has over 17 years of experience managing properties in the Phoenix Rental Market. Our company takes pride in providing our owner clients with quality, local property management services.
From rent collection to property marketing, GWM does it all. You can count on us to provide you with excellent property management services and rent your property for top dollar.
To learn more about our property management services, contact us today by calling (866) 545-5303 or click here to connect with us online.
Read our previous blog post here.
