Phoenix, AZ

Key Performance Metrics

Market snapshot

Performance indicators for the Phoenix short-term rental market based on reliable data.

Listings

11355 / 35344

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$38,185

Middle-Earners Revenue

Occupancy

63%

Middle-Earners Occupancy

Home Value

$403,827

Median Home Sale Price

Top Earners

$91,353

Top-Earners Revenue

Phoenix

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Phoenix.

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A

Very Investor friendly

Phoenix Regulations

Phoenix explicitly allows short‑term rentals citywide, has no cap on permits, and offers a straightforward online permitting process with a modest $250 fee and a 7‑day issuance window. The city’s requirements (liability insurance, neighbor notification, safety equipment) are standard and manageable, while its supportive tone and lack of restrictive caps keep investor risk low.

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About Phoenix

Phoenix, Arizona, is the state capital and the fifth-largest city in the United States, boasting a population of approximately 1.7 million residents. Located in the southwestern region of the United States, Phoenix lies about 120 miles (193 kilometers) northwest of Tucson, the nearest major city.

Known for its year-round sunshine and warm temperatures, Phoenix is a major hub in Arizona's Valley of the Sun. The city is characterized by its desert landscape, punctuated by the surrounding mountain ranges and an abundance of outdoor recreational opportunities.

Phoenix is home to several notable landmarks and attractions that enhance its appeal for short-term rentals. These include:

  • Desert Botanical Garden (https://www.dbg.org/)::) A 140-acre garden featuring over 50,000 plant displays, including many rare and endangered desert plants.
  • Heard Museum (https://heard.org/)::) This museum provides insight into Native American art and culture, focusing largely on the American Southwest.
  • Phoenix Zoo (https://www.phoenixzoo.org/)::) One of the largest privately owned, non-profit zoos in the United States, home to over 1,400 animals.
  • Camelback Mountain (https://www.phoenix.gov/parks/trails/locations/camelback-mountain)::) A popular hiking destination offering panoramic city views from its 2,706-foot summit.
  • The Musical Instrument Museum (https://mim.org/)::) The world's largest museum dedicated to the collection and display of musical instruments from around the globe.

Additionally, Phoenix is known for its vibrant downtown area, filled with a mix of dining, shopping, and cultural experiences, including sports venues such as the Talking Stick Resort Arena (home to the Phoenix Suns basketball team) and Chase Field (home to the Arizona Diamondbacks baseball team).

The city's growing appeal for short-term rentals can be attributed to its diverse offerings, from excellent golf courses and luxurious spas to family-friendly attractions and significant cultural sites. With its convenient access to both urban amenities and natural beauty, Phoenix offers a compelling destination for visitors seeking both relaxation and adventure.