1031 Exchange Phoenix, Arizona

Arizona Opportunity Zones

Surrounding metropolitan Area

Phoenix, Arizona is a part of the Phoenix-Mesa-Chandler, AZ metropolitan area, and contains 74 zip codes, including: 85079, 85002, 85066, 85072, 85035, and 85022.

Phoenix Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Phoenix, AZ metropolitan area was $1,061, which is 37.26% lower than 2014 average rent. This represents a compounded annual growth rate of 6.54%. 2019 vacancy in Phoenix, AZ was 5.00%.

The total population of the city of Phoenix, AZ has grown 14.85% since 2010. As of 2018, the population was 1,660,272. The median household income of the Phoenix was $54,765, which is 9.17% lower than the national average.

  • metropolitan area Phoenix-Mesa-Chandler, AZ
  • avg rent $1,061
  • rent growth 37.26%
  • vacancy 5.00%
  • median income $54,765
  • population (2018) 1,660,272
  • population growth 14.85%
  • vs. nat'l avg 9.17%
  • zip codes 85001 85002 85003 85004 85005 85006 85007 85008 85009 85010 85011 85012 85013 85014 85015 85016 85017 85018 85019 85020 85021 85022 85023 85024 85026 85027 85028 85029 85030 85031 85032 85033 85034 85035 85036 85037 85038 85039 85040 85041 85042 85043 85044 85045 85046 85048 85050 85051 85053 85054 85060 85061 85062 85063 85064 85065 85066 85067 85068 85069 85070 85071 85072 85073 85074 85075 85076 85078 85079 85080 85082 85083 85085 85086

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