What is the median home price in Phoenix?

The median home price in Phoenix, AZ is currently in the $420k – $460k range (data as of 2026-04). For fix-and-flip investors, distressed acquisition typically runs 65–80% of median, depending on submarket and condition.

What is a good cap rate in Phoenix?

Stabilized rental cap rates in Phoenix, AZ typically fall in the 5.0% – 6.5% range as of 2026-04. Higher cap rates are common in older / B-tier submarkets, lower in A-tier neighborhoods with strong appreciation.

What is the average days on market in Phoenix?

Days on market in Phoenix, AZ currently runs 38 – 52 days (data as of 2026-04). Faster DOM favors Fix & Flip exits; slower DOM (60+ days) usually pushes operators toward BRRRR or rental hold.

What is the average rent in Phoenix?

Median rent in Phoenix, AZ is $1,950 – $2,250 / mo as of 2026-04. The most relevant rental benchmark for BRRRR is the 1% rule (monthly rent ≥ 1% of all-in cost) — verify against submarket-specific rent comps before underwriting.

Market · AZ · 2026 data

Fix and Flip in Phoenix, AZ

Top-3 US fix-and-flip metro by transaction volume; strong Sunbelt rental demand.

Phoenix market thesis

Phoenix is one of the deepest fix-and-flip markets in the country — high transaction velocity, retail-buyer-friendly product, and a large enough investor population that competitive bidding compresses margins. Most operators succeed here by buying in tertiary submarkets (Glendale, Mesa, Surprise) and rejecting central-Phoenix deals that look thin on the spreadsheet.

Key metrics

$420k – $460k

Median home price

DealIntel · 2026-04

$1,950 – $2,250 / mo

Median rent

DealIntel · 2026-04

38 – 52 days

Days on market (median)

DealIntel · 2026-04

5.0% – 6.5%

Stabilized cap rate range

DealIntel · 2026-04

$45 – $85

Typical rehab cost / sqft

DealIntel · 2026-04

+38% to +46%

5-year appreciation

DealIntel · 2026-04

+1.4% / yr

Population growth (annual)

BLS · 2026-04

Top investor neighborhoods in Phoenix

GlendaleSub-$400k entry, strong 3/2 rehab inventory
MesaFamily-buyer pull, deep school-district arbitrage
SurpriseNew-construction-adjacent flips, tight comp bands
MaryvaleHigher-risk B/C territory, BRRRR-first
TempeADU permissive, university rental demand

Best strategies for Phoenix

Of DealIntel's six underwritten strategies, the following rank best-fit-first for Phoenix, AZ. Every property in the platform is scored against all six paths in parallel; these are the ones that consistently produce the highest risk-adjusted return in this market.

Tailwinds — what's working in Phoenix

Domestic in-migration from California still net-positive
TSMC fab and supplier ecosystem driving Northeast Valley demand
ADU code permissive after 2023 state preemption

Kill flags — common ways Phoenix deals fail

Pool-required comps in 100°+ summer markets — adds $40–80k rehab
HOA-controlled subdivisions with rental caps (kills BRRRR)
Foundation movement on older Sun City stock — get a structural inspection

DealIntel's 25-point kill list catches these and 20+ others on every property — see the platform overview for how the kill list runs before strategy evaluation begins.

ADU and multi-unit regulation in Phoenix

Arizona state law (HB 2720, effective 2025) preempted city ADU bans for lots over 6,000 sqft — Phoenix and most surrounding cities now permit one ADU per single-family lot by-right.

For state-by-state ADU and middle-housing regulatory background, see the ADU strategy guide and the multi-unit conversion guide.

Underwrite a deal in this market

Run a free ARV, MAO, or BRRRR calculation on a Phoenix property using the calculators below. For full kill-list + six-strategy evaluation + Investment Memorandum PDF, see pricing — pay-per-deal from $149.

ARV calculatorConfidence-weighted comp method MAO (70% rule) calculatorMaximum allowable offer math BRRRR calculatorFull Buy-Rehab-Rent-Refi-Repeat model Cap rate calculatorNOI / value with asset-class ranges

Nearby markets and related guides

Reviewed by

DealIntel Research

Underwriting and Real Estate Research Team

DealIntel's underwriting team builds and maintains the platform's six-strategy engine, 25-point kill list, and Monte-Carlo financial model. Every piece of long-form content on dealintel.io is reviewed by an underwriter with direct experience scoring residential investment deals.

Last reviewed: 2026-04