Metro Phoenix Rental Market Snapshot

Median Lease $:  $1,095 vs $1,075 of Dec 2011
Average Lease $:  $1,237 vs $1,239 of Dec 2011
Avg. Days on Market:  44 vs 46 of Dec 2011
Rent Check Quotient™: 46% vs 40% of Dec 2011

Over the last 12 months, the rental market is very stable. However, there was some flucturation month-over-month yet the year-end numbers are lined up quite steady comparing to that of Dec 2011.

Looking forward, the rent will increase at the pace of 3-5% year-over-year depending on the area and condition of the properties.