Rental numbers for Arizona
0 of 183 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 4.9%.
- Gross yield
- n/a
- no Zillow rent index
- Median ZIP yield
- 4.9%
- 183 ZIPs with full data
- Cash flow
- n/a
- at 7.78%, 25% down
- Typical price
- $418,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,727/mo
- median across 183 tier A ZIPs, Aug 2026
Counties
Gross yield uses Zillow county rent where published, otherwise the median ZIP yield
| Santa Cruz County | $279,000 | $1,506 | 6.5% | 3.5% | -$679 | n/a |
| Yuma County | $279,000 | $1,457 | 6.3% | 3.4% | -$724 | +3.1% |
| Pinal County | $360,000 | $1,821 | 6.1% | 3.4% | -$910 | +1.1% |
| Cochise County | $264,000 | $1,291 | 5.9% | 3.0% | -$763 | +2.9% |
| Graham County | $307,000 | $1,383 | 5.4% | 2.8% | -$945 | n/a |
| Navajo County | $395,000 | $1,768 | 5.4% | 2.7% | -$1,224 | +2.5% |
| Pima County | $338,000 | $1,483 | 5.3% | 2.5% | -$1,130 | +1.6% |
| Mohave County | $351,000 | $1,532 | 5.2% | 2.7% | -$1,093 | +1.5% |
| Maricopa County | $456,000 | $1,717 | 4.5% | 2.2% | -$1,624 | +0.7% |
| Yavapai County | $500,000 | $1,876 | 4.5% | 2.2% | -$1,761 | +0.9% |
| Coconino County | $624,000 | $2,158 | 4.2% | 1.9% | -$2,357 | -0.8% |
| Apache County | $323,000 | not published | n/a | n/a | n/a | n/a |
| Gila County | $386,000 | not published | n/a | n/a | n/a | n/a |
| Greenlee County | $169,000 | not published | n/a | n/a | n/a | n/a |
| La Paz County | $266,000 | not published | n/a | n/a | n/a | n/a |
Highest-yield ZIP codes in Arizona
Tier A only: Zillow value against Zillow rent
| ZIP | Typical price | Rent | Gross yield | Cash flow /mo |
|---|---|---|---|---|
| 85756Tucson | $305,000 | $1,963 | 7.7% | -$442 |
| 85351Sun City | $271,000 | $1,666 | 7.4% | -$428 |
| 85128Coolidge | $269,000 | $1,651 | 7.4% | -$430 |
| 85648Rio Rico | $269,000 | $1,650 | 7.3% | -$496 |
| 85041Phoenix | $366,000 | $2,181 | 7.1% | -$627 |
| 85713Tucson | $239,000 | $1,421 | 7.1% | -$494 |
| 85629Sahuarita | $335,000 | $1,964 | 7.0% | -$675 |
| 85363Youngtown | $307,000 | $1,789 | 7.0% | -$551 |
| 85757Tucson | $320,000 | $1,847 | 6.9% | -$677 |
| 85040Phoenix | $320,000 | $1,833 | 6.9% | -$607 |
Trends
Five years to August 2026
- Price, 12 months
- -1.1%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 0.48%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value |
|---|---|
| Aug 2021 | $383,098 |
| Aug 2022 | $461,616 |
| Aug 2023 | $426,410 |
| Aug 2024 | $436,555 |
| Aug 2025 | $422,799 |
| Aug 2026 | $417,990 |
Costs that vary by state
- Effective property tax
- 0.48%
- Census ACS 2024
- Landlord insurance default
- $1,433/yr
- NAIC HO-3 $1,194 x 1.2
- Permits per 1,000 households
- 16.6
- last 12 months
- Median typical price
- $405,000
- tier A ZIPs
Metros
Questions
- Is Arizona good for rental property?
- 0 of 183 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 4.9%. Cash flow assumes the typical home in each ZIP, 7.78% with 25% down and the default costs.
- What is the average property tax rate in Arizona?
- About 0.48% of value statewide (Census ACS median taxes paid over median value). Rates vary widely by county; the county table above links to each.
- What does landlord insurance cost in Arizona?
- NAIC's 2023 average homeowners (HO-3) premium in Arizona was $1,194. Landlord policies usually cost more, so this site assumes $1,433 a year. Quotes depend on the property, coverage and claims history.
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.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
- NAIC Homeowners Insurance Report, data for 2023
National Association of Insurance Commissioners. Read: 2023.
Average HO-3 homeowners premium by state, multiplied by 1.2 as a landlord-policy assumption.
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.