Over the last 5 years (2013-2017), property rental prices in Avondale and Coldwater Springs have shown a nice increase. Also, Avondale rental property and Coldwater Springs rental property inventories have decreased substantially from 2013-2017.
Coldwater Springs is a subdivision that is roughly located south of I-10 and north of Lower Buckeye Road. Coldwater Springs is east of the Agua Fria River Rd. and west of Avondale Road.
The numbers that follow compare full year rental property market data from 2013-2017 in Coldwater Springs and Avondale, AZ. The number of rental properties analyzed is simulated for 2017 based the rental market data through 10-30-2017.
All figures are taken from closed Coldwater Springs and Avondale, AZ rental property data from the MLS from 2013-2017 and only include unfurnished single-family home rental properties.
The above charts show good growth for rental home prices in Coldwater Springs and Avondale, AZ from 2013-2017. The inventory in both comparisons also shows a significant decrease.
The rental home price average in Avondale, AZ has a 27% increase in these five years. In Coldwater Springs, the increase in rent in this time frame has been a bit less at 21%.
Rental property inventory on MLS in Avondale, AZ in 2017 is only 42% of 2013’s rental inventory. Coldwater Springs rental property inventory in 2017 is also at 42% of the 2013 rental inventory.
It is interesting to note in this time frame, the 27% increase in Avondale, AZ is over 4 times greater than Consumer Price Index (6%).