Rental numbers for the Phoenix, AZ metro
The typical home here runs -$1,525 a month at 7.78% with 25% down. 0 of 126 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.8%.
- Gross yield
- 4.7%
- typical home, Zillow
- Median ZIP yield
- 4.8%
- 126 ZIPs with full data
- Cash flow
- -$1,525/mo
- at 7.78%, 25% down
- Typical price
- $442,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,722/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
149 with published figures
| 85631San Manuel | $154,000 | $1,530* | 11.9% | 7.8% | +$176 | n/a |
| 85192Bylas | $155,000 | $1,530* | 11.8% | 7.4% | +$123 | n/a |
| 85137Miami | $163,000 | $1,570* | 11.6% | 7.6% | +$152 | n/a |
| 85173Superior | $185,000 | $1,530* | 9.9% | 6.5% | +$7 | n/a |
| 85337Gila Bend | $219,000 | $1,530* | 8.4% | 5.0% | -$268 | n/a |
| 85145Red Rock | $286,000 | $1,830* | 7.7% | 4.6% | -$450 | n/a |
| 85351Sun City | $271,000 | $1,666 | 7.4% | 4.6% | -$428 | n/a |
| 85128Coolidge | $269,000 | $1,651 | 7.4% | 4.5% | -$430 | +0.7% |
| 85041Phoenix | $366,000 | $2,181 | 7.1% | 4.4% | -$627 | +0.5% |
| 85363Youngtown | $307,000 | $1,789 | 7.0% | 4.3% | -$551 | n/a |
| 85040Phoenix | $320,000 | $1,833 | 6.9% | 4.2% | -$607 | -1.1% |
| 85335El Mirage | $339,000 | $1,909 | 6.8% | 4.2% | -$653 | -3.9% |
| 85378Surprise | $331,000 | $1,851 | 6.7% | 4.1% | -$659 | n/a |
| 85122Casa Grande | $306,000 | $1,707 | 6.7% | 3.9% | -$650 | +1.1% |
| 85123Arizona City | $247,000 | $1,368 | 6.7% | 3.8% | -$540 | +2.6% |
| 85373Sun City | $360,000 | $1,975 | 6.6% | 4.0% | -$756 | n/a |
| 85143San Tan Valley | $373,000 | $2,019 | 6.5% | 3.9% | -$799 | +2.7% |
| 85132Florence | $328,000 | $1,765 | 6.5% | 3.7% | -$763 | +0.5% |
| 85043Phoenix | $366,000 | $1,945 | 6.4% | 3.8% | -$812 | +1.8% |
| 85131Eloy | $288,000 | $1,530* | 6.4% | 3.5% | -$703 | n/a |
| 85138Maricopa | $343,000 | $1,802 | 6.3% | 3.5% | -$840 | +3.3% |
| 85326Buckeye | $368,000 | $1,902 | 6.2% | 3.6% | -$886 | -2.1% |
| 85208Mesa | $373,000 | $1,918 | 6.2% | 3.6% | -$883 | +1.2% |
| 85353Tolleson | $391,000 | $2,004 | 6.2% | 3.5% | -$948 | +0.9% |
| 85034Phoenix | $284,000 | $1,452 | 6.1% | 3.2% | -$767 | -2.2% |
| 85139Maricopa | $334,000 | $1,696 | 6.1% | 3.4% | -$859 | -5.2% |
| 85345Peoria | $362,000 | $1,835 | 6.1% | 3.6% | -$869 | +1.1% |
| 85388Surprise | $444,000 | $2,203 | 6.0% | 3.5% | -$1,107 | -1.7% |
| 85120Apache Junction | $352,000 | $1,746 | 5.9% | 3.4% | -$914 | +0.7% |
| 85375Sun City West | $375,000 | $1,850 | 5.9% | 3.4% | -$975 | +2.3% |
| 85387Surprise | $449,000 | $2,192 | 5.9% | 3.3% | -$1,171 | 0.0% |
| 85037Phoenix | $351,000 | $1,705 | 5.8% | 3.3% | -$929 | -1.3% |
| 85379Surprise | $420,000 | $2,024 | 5.8% | 3.3% | -$1,106 | +1.1% |
| 85339Phoenix | $438,000 | $2,092 | 5.7% | 3.1% | -$1,217 | +1.7% |
| 85140San Tan Valley | $428,000 | $2,039 | 5.7% | 3.2% | -$1,151 | +1.5% |
| 85396Buckeye | $456,000 | $2,153 | 5.7% | 3.0% | -$1,298 | +1.5% |
| 85304Glendale | $399,000 | $1,850 | 5.6% | 3.1% | -$1,117 | +2.1% |
| 85355Waddell | $490,000 | $2,230 | 5.5% | 3.1% | -$1,388 | -0.5% |
| 85009Phoenix | $276,000 | $1,253 | 5.4% | 2.9% | -$833 | +0.7% |
| 85119Apache Junction | $389,000 | $1,758 | 5.4% | 2.9% | -$1,149 | +2.6% |
| 85215Mesa | $500,000 | $2,228 | 5.3% | 2.9% | -$1,479 | +4.1% |
| 85623Oracle | $523,000 | $2,330* | 5.3% | 2.9% | -$1,552 | n/a |
| 85193Casa Grande | $344,000 | $1,530* | 5.3% | 2.9% | -$1,036 | n/a |
| 85323Avondale | $384,000 | $1,707 | 5.3% | 2.9% | -$1,159 | -1.0% |
| 85205Mesa | $401,000 | $1,775 | 5.3% | 2.9% | -$1,193 | +1.8% |
| 85206Mesa | $381,000 | $1,679 | 5.3% | 2.8% | -$1,156 | -1.0% |
| 85374Surprise | $382,000 | $1,673 | 5.3% | 2.8% | -$1,176 | +0.9% |
| 85739Saddlebrooke | $465,000 | $2,030* | 5.2% | 2.6% | -$1,492 | n/a |
| 85042Phoenix | $384,000 | $1,672 | 5.2% | 2.7% | -$1,197 | -0.1% |
| 85019Phoenix | $326,000 | $1,412 | 5.2% | 2.8% | -$1,009 | n/a |
| 85194Casa Grande | $359,000 | $1,540* | 5.1% | 2.5% | -$1,188 | n/a |
| 85028Phoenix | $704,000 | $2,999 | 5.1% | 2.9% | -$2,117 | n/a |
| 85233Gilbert | $519,000 | $2,207 | 5.1% | 2.8% | -$1,582 | +3.6% |
| 85303Glendale | $373,000 | $1,590 | 5.1% | 2.7% | -$1,182 | -0.5% |
| 85322Arlington | $367,000 | $1,560* | 5.1% | 2.9% | -$1,109 | n/a |
| 85209Mesa | $440,000 | $1,862 | 5.1% | 2.7% | -$1,379 | -0.6% |
| 85045Phoenix | $663,000 | $2,800 | 5.1% | 2.7% | -$2,092 | n/a |
| 85281Tempe | $393,000 | $1,646 | 5.0% | 2.6% | -$1,275 | +0.7% |
| 85083Phoenix | $624,000 | $2,599 | 5.0% | 2.6% | -$1,999 | +2.3% |
| 85033Phoenix | $323,000 | $1,339 | 5.0% | 2.5% | -$1,075 | +2.8% |
| 85035Phoenix | $318,000 | $1,319 | 5.0% | 2.4% | -$1,067 | +2.4% |
| 85392Avondale | $408,000 | $1,683 | 5.0% | 2.5% | -$1,339 | -1.1% |
| 85310Phoenix | $538,000 | $2,216 | 4.9% | 2.6% | -$1,749 | +3.7% |
| 85382Peoria | $448,000 | $1,843 | 4.9% | 2.5% | -$1,466 | +1.6% |
| 85004Phoenix | $416,000 | $1,708 | 4.9% | 2.4% | -$1,401 | -1.4% |
| 85248Chandler | $550,000 | $2,248 | 4.9% | 2.5% | -$1,825 | +2.1% |
| 85340Litchfield Park | $516,000 | $2,100 | 4.9% | 2.5% | -$1,685 | -1.3% |
| 85250Scottsdale | $613,000 | $2,494 | 4.9% | 2.7% | -$1,915 | +3.3% |
| 85249Chandler | $672,000 | $2,722 | 4.9% | 2.6% | -$2,176 | +5.6% |
| 85296Gilbert | $544,000 | $2,194 | 4.8% | 2.6% | -$1,767 | -0.3% |
| 85284Tempe | $710,000 | $2,847 | 4.8% | 2.5% | -$2,357 | n/a |
| 85050Phoenix | $621,000 | $2,486 | 4.8% | 2.5% | -$2,046 | +1.8% |
| 85207Mesa | $548,000 | $2,169 | 4.8% | 2.4% | -$1,838 | -0.2% |
| 85225Chandler | $441,000 | $1,744 | 4.8% | 2.5% | -$1,472 | +2.1% |
| 85298Gilbert | $679,000 | $2,691 | 4.8% | 2.5% | -$2,241 | +1.7% |
| 85331Cave Creek | $828,000 | $3,280 | 4.8% | 2.6% | -$2,644 | n/a |
| 85354Tonopah | $411,000 | $1,630* | 4.8% | 2.6% | -$1,330 | n/a |
| 85210Mesa | $361,000 | $1,420 | 4.7% | 2.4% | -$1,230 | +1.9% |
| 85051Phoenix | $344,000 | $1,347 | 4.7% | 2.3% | -$1,185 | +4.8% |
| 85027Phoenix | $379,000 | $1,476 | 4.7% | 2.3% | -$1,301 | +0.9% |
| 85212Mesa | $552,000 | $2,156 | 4.7% | 2.4% | -$1,874 | -0.4% |
| 85338Goodyear | $432,000 | $1,678 | 4.7% | 2.2% | -$1,521 | -0.4% |
| 85251Scottsdale | $517,000 | $2,006 | 4.7% | 2.5% | -$1,721 | +1.7% |
| 85017Phoenix | $300,000 | $1,160 | 4.6% | 2.3% | -$1,055 | -1.8% |
| 85201Mesa | $357,000 | $1,372 | 4.6% | 2.3% | -$1,236 | +2.8% |
| 85224Chandler | $450,000 | $1,727 | 4.6% | 2.3% | -$1,553 | +0.4% |
| 85008Phoenix | $374,000 | $1,423 | 4.6% | 2.2% | -$1,316 | +0.3% |
| 85024Phoenix | $484,000 | $1,840 | 4.6% | 2.3% | -$1,698 | +4.3% |
| 85307Glendale | $405,000 | $1,532 | 4.5% | 2.2% | -$1,446 | -3.3% |
| 85342Morristown | $404,000 | $1,530* | 4.5% | 2.3% | -$1,401 | n/a |
| 85006Phoenix | $407,000 | $1,536 | 4.5% | 2.3% | -$1,430 | +1.9% |
| 85301Glendale | $309,000 | $1,167 | 4.5% | 2.1% | -$1,113 | +3.9% |
| 85306Glendale | $400,000 | $1,507 | 4.5% | 2.2% | -$1,425 | +0.5% |
| 85226Chandler | $495,000 | $1,856 | 4.5% | 2.2% | -$1,759 | +2.1% |
| 85297Gilbert | $585,000 | $2,174 | 4.5% | 2.2% | -$2,072 | +0.4% |
| 85142Queen Creek | $584,000 | $2,166 | 4.5% | 2.2% | -$2,065 | +0.6% |
| 85086Anthem | $616,000 | $2,270 | 4.4% | 2.1% | -$2,247 | +1.0% |
| 85257Scottsdale | $547,000 | $2,009 | 4.4% | 2.3% | -$1,885 | +2.5% |
| 85302Glendale | $375,000 | $1,376 | 4.4% | 2.1% | -$1,374 | +1.9% |
| 85020Phoenix | $403,000 | $1,477 | 4.4% | 2.0% | -$1,501 | -0.9% |
| 85015Phoenix | $334,000 | $1,219 | 4.4% | 2.0% | -$1,239 | -3.1% |
| 85087New River | $625,000 | $2,280* | 4.4% | 2.1% | -$2,279 | n/a |
| 85383Peoria | $633,000 | $2,310 | 4.4% | 2.1% | -$2,293 | -2.0% |
| 85308Glendale | $470,000 | $1,697 | 4.3% | 2.0% | -$1,735 | +1.6% |
| 85204Mesa | $389,000 | $1,387 | 4.3% | 2.0% | -$1,436 | -1.8% |
| 85305Glendale | $453,000 | $1,607 | 4.3% | 1.9% | -$1,741 | -1.1% |
| 85032Phoenix | $450,000 | $1,596 | 4.3% | 2.0% | -$1,679 | +1.6% |
| 85283Tempe | $449,000 | $1,581 | 4.2% | 1.9% | -$1,709 | +0.2% |
| 85268Fountain Hills | $666,000 | $2,323 | 4.2% | 2.1% | -$2,449 | +5.5% |
| 85295Gilbert | $539,000 | $1,883 | 4.2% | 2.0% | -$2,016 | +0.9% |
| 85029Phoenix | $356,000 | $1,240 | 4.2% | 1.9% | -$1,366 | -4.7% |
| 85202Mesa | $392,000 | $1,359 | 4.2% | 1.9% | -$1,490 | -1.2% |
| 85282Tempe | $460,000 | $1,578 | 4.1% | 1.8% | -$1,772 | -0.2% |
| 85053Phoenix | $379,000 | $1,297 | 4.1% | 1.8% | -$1,470 | +5.9% |
| 85007Phoenix | $404,000 | $1,351 | 4.0% | 1.8% | -$1,586 | +2.5% |
| 85286Chandler | $607,000 | $2,031 | 4.0% | 1.8% | -$2,355 | +1.3% |
| 85031Phoenix | $321,000 | $1,068 | 4.0% | 1.7% | -$1,282 | +7.5% |
| 85118Gold Canyon | $475,000 | $1,580* | 4.0% | 1.6% | -$1,932 | n/a |
| 85390Wickenburg | $506,000 | $1,680* | 4.0% | 1.8% | -$1,957 | n/a |
| 85381Peoria | $449,000 | $1,490 | 4.0% | 1.7% | -$1,778 | +1.1% |
| 85016Phoenix | $520,000 | $1,720 | 4.0% | 1.7% | -$2,055 | +2.2% |
| 85013Phoenix | $482,000 | $1,572 | 3.9% | 1.8% | -$1,896 | +1.4% |
| 85234Gilbert | $552,000 | $1,796 | 3.9% | 1.7% | -$2,179 | +0.7% |
| 85044Phoenix | $474,000 | $1,531 | 3.9% | 1.6% | -$1,927 | -0.2% |
| 85014Phoenix | $442,000 | $1,425 | 3.9% | 1.6% | -$1,798 | +0.9% |
| 85048Phoenix | $578,000 | $1,847 | 3.8% | 1.6% | -$2,358 | +0.0% |
| 85395Goodyear | $543,000 | $1,690 | 3.7% | 1.4% | -$2,283 | +1.3% |
| 85022Phoenix | $462,000 | $1,428 | 3.7% | 1.5% | -$1,908 | -0.5% |
| 85263Rio Verde | $827,000 | $2,540* | 3.7% | 1.6% | -$3,356 | n/a |
| 85003Phoenix | $582,000 | $1,760 | 3.6% | 1.6% | -$2,380 | -0.9% |
| 85203Mesa | $446,000 | $1,339 | 3.6% | 1.5% | -$1,865 | +2.0% |
| 85361Wittmann | $511,000 | $1,530* | 3.6% | 1.4% | -$2,159 | n/a |
| 85023Phoenix | $416,000 | $1,228 | 3.5% | 1.3% | -$1,797 | +1.1% |
| 85213Mesa | $552,000 | $1,605 | 3.5% | 1.3% | -$2,358 | +2.2% |
| 85085Phoenix | $632,000 | $1,797 | 3.4% | 1.3% | -$2,732 | -0.1% |
| 85021Phoenix | $433,000 | $1,226 | 3.4% | 1.2% | -$1,916 | -0.3% |
| 85260Scottsdale | $715,000 | $1,988 | 3.3% | 1.3% | -$3,060 | +1.6% |
| 85254Scottsdale | $905,000 | $2,448 | 3.3% | 1.2% | -$3,947 | +2.9% |
| 85054Phoenix | $715,000 | $1,885 | 3.2% | 1.0% | -$3,281 | -2.8% |
| 85012Phoenix | $641,000 | $1,585 | 3.0% | 0.8% | -$3,024 | +1.3% |
| 85258Scottsdale | $858,000 | $2,032 | 2.8% | 0.9% | -$3,940 | +6.2% |
| 85266Scottsdale | $1,275,000 | $2,760* | 2.6% | 0.8% | -$6,014 | n/a |
| 85255Scottsdale | $1,308,000 | $2,354 | 2.2% | 0.3% | -$6,698 | +2.8% |
| 85262Scottsdale | $1,544,000 | $2,760* | 2.1% | 0.5% | -$7,702 | n/a |
| 85264Fort McDowell | $1,188,000 | $2,120* | 2.1% | -0.1% | -$6,543 | n/a |
| 85377Carefree | $1,210,000 | $2,080* | 2.1% | 0.4% | -$6,096 | n/a |
| 85018Phoenix | $985,000 | $1,568 | 1.9% | 0.1% | -$5,214 | +2.7% |
| 85259Scottsdale | $1,142,000 | $1,666 | 1.8% | -0.0% | -$6,170 | +3.5% |
| 85253Paradise Valley | $3,276,000 | $1,715 | 0.6% | -0.9% | -$20,191 | +0.9% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -1.2%
- Rent, 12 months
- +0.7%
- Rent minus price growth
- +1.9 pts
- Property tax
- 0.43%
- effective rate, ACS 2024
Typical value (Zillow ZHVI) Rent (Zillow ZORI)Indexed to 100 at Aug 2021
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $409,570 | $1,606 |
| Aug 2022 | $496,550 | $1,739 |
| Aug 2023 | $453,662 | $1,731 |
| Aug 2024 | $464,303 | $1,732 |
| Aug 2025 | $447,520 | $1,710 |
| Aug 2026 | $442,078 | $1,722 |
Counties
- Maricopa County, AZ4.7% median yield
- Pinal County, AZ6.4% median yield
Tools
Questions
- Is the Phoenix, AZ metro good for rental property?
- The typical home here runs -$1,525 a month at 7.78% with 25% down. 0 of 126 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.8%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Phoenix, AZ metro have the highest rental yield?
- 85351 (Sun City) at 7.4%, 85128 (Coolidge) at 7.4%, 85041 (Phoenix) at 7.1%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.