Phoenix Rental Statistics May 2013
According to RENT CHECK which is the monthly publication from the Arizona Regional Multiple Listing System, the median lease price for metro Phoenix in May 2013 was $1,074. Additionally, the average lease was $1225 and average days on the market were 51. Often utilizing a phoenix property management company for your investment property can reduce the number of days on the market for you rental. For example, take a look at the average days on market for the first half of 2013 for rental properties managed by Real Property Management:
El Mirage 11
Litchfield Park 26
As a reminder, the price and how the property shows to prospective tenants does greatly effect the ability and time to place a qualified tenant.