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

Written by

Matt Abadi

Founder, DealIntel

Matt Abadi is the founder of DealIntel. He leads the development of the platform's six-strategy underwriting engine, 25-point Kill List, and Monte-Carlo financial model — the institutional analysis stack DealIntel applies to every fix and flip deal. DealIntel was founded in 2025 with the central thesis that knowing when not to invest is the most valuable number on the page.

Last reviewed: 2026-04