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Is Phoenix, AZ a good place to invest in real estate?

Real data from the LumosTerra engine, snapshot as of 2026-10-29. Every number below comes from the same tables the market pages use - no estimates are invented.

The market at a glance

Median home value (tracked areas)$329,873
Appreciation, last 3 years-2.1%
Appreciation, last 5 years14.4%
Appreciation, last 10 years125.8%
Active for-sale listings6,648
List price range$1,150 - $30,600,000

The short-term rental picture

Top tracked annual revenue$76,605
Top tracked occupancy68.9%
Top tracked daily rate$399

Short-term numbers swing by property type and season - pull a specific address for the property-level picture.

Local rules

Short-term rentals are allowed with restrictions in the cached ordinance record. Verify with the local authority before relying on it - cached records are a map, not the law.

What the community is saying

No forum discussions about Phoenix yet - start one and the numbers will follow.

Compare with nearby markets

Go deeper

All figures are engine estimates from the LumosTerra tracked-data snapshot as of 2026-10-29. They are starting points, not recommendations - verify rents, comps and local rules before acting on any of them.

Best places to invest in real estate · Real estate investing forum · Pricing