MarketsRun a deal in this market
State · AZ
Arizona
Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS
Strategy
Median home value
$433k
+2.4%Zillow ZHVI
Median rent
$1,900/mo
+3.5%Zillow ZORI
Gross yield
5.27%
Rent × 12 / value
Rent/price ratio
0.000%
1% rule benchmark
Median household income
$72,581
Census ACS
Owner-occupied
65.4%
Census ACS
Renter-occupied
34.6%
Census ACS
Population
-
Census ACS
What this means for LTR investors
Gross yield of 5.27% is below the 7% LTR sweet spot; you'd lean on appreciation here.
Rent grew 3.5% YoY while values moved 2.4%. That gap drives whether yield compresses or expands over time.
Renter share is 35% - a deep renter pool means lower vacancy risk in Arizona.
Median income of $72,581 sets the affordability ceiling on rent growth.