On Market Real Estate Investing in Phoenix
9 min readUpdated April 2026
Phoenix = explosive growth, affordable prices, strong rental demand, year-round sunshine. One of America's hottest markets for real estate investors. Here's how to find on market deals in Phoenix.
Phoenix Market Overview 2026
Median Home Price
$425,000
Average Cap Rate
5.8%
Rent Growth (YoY)
+8.2%
Days on Market
28 days
Best Phoenix Neighborhoods
Tempe (Best for: Students, Tech Workers)
ASU, tech companies, young professionals. Strong rental demand. $375k median.
Gilbert (Best for: Families, Appreciation)
Top schools, safe, master-planned communities. $485k median. Stable growth.
Mesa (Best for: Cash Flow)
Lower entry, retirees, snowbirds. $365k median. Better cash flow than suburbs.
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