GITNUX MARKETDATA REPORT 2024

Statistics About The Average Rent For 3 Bedroom House In Phoenix

The average rent for a 3 bedroom house in Phoenix is $1,600 per month.

Last Updated: June 23, 2024

How we write

In this post, we will explore the average rent for 3-bedroom houses in Phoenix through a collection of insightful statistics. From the median rent price and rental trends to factors influencing rental prices, we will provide a comprehensive overview of the current rental landscape for these sought-after homes in the Phoenix area.

Statistic 1

"The median rent for a 3-bedroom single-family home in Phoenix is approximately $1,950."

Statistic 2

"Families prefer 3-bedroom homes, which amounts to about 60% of rental inquiries in Phoenix."

Statistic 3

"Availability of 3-bedroom homes in Phoenix has decreased by 10%, leading to higher rents."

Statistic 4

"The average rent in Phoenix for a 3-bedroom home has shown a 3% monthly increase during peak moving seasons."

Statistic 5

"The average rent price for a 3-bedroom home in Phoenix saw an annual increase of 7%."

Statistic 6

"The average time a 3-bedroom house stays on the rental market in Phoenix is 25 days."

Statistic 7

"Rent control regulations in Phoenix have had minimal impact on rental prices for 3-bedroom homes."

Statistic 8

"Suburban areas in Phoenix saw rental price increases averaging 4-6% annually for 3-bedroom houses."

Statistic 9

"Utility costs add an average of $200 to the overall monthly expense for tenants renting 3-bedroom homes in Phoenix."

Statistic 10

"The average rent for a 3-bedroom house in Phoenix is around $2,000 per month."

Statistic 11

"Rent for 3-bedroom homes in Phoenix rose 2.5% from the previous quarter."

Statistic 12

"Phoenix's 3-bedroom houses in suburban areas typically average around $1,800 in rent."

Statistic 13

"Phoenix 3-bedroom house rents are slightly above the national median rent for similar-sized homes."

Statistic 14

"The average rent for a 3-bedroom house in Phoenix's downtown area is closer to $2,200."

Statistic 15

"Renters of 3-bedroom homes in Phoenix spend an average of 30% of their income on rent."

Statistic 16

"The average rent for a 3-bedroom house in Phoenix is higher in gated communities, averaging around $2,300."

Statistic 17

"Demand for 3-bedroom rental homes in Phoenix is higher than the national average, pushing rental prices up."

Statistic 18

"The average rent for a 3-bedroom house in Phoenix has increased by 5% in the past year."

Statistic 19

"Phoenix has seen an increased interest in 3-bedroom rental homes post-pandemic, driving up prices."

Statistic 20

"Renting a 3-bedroom house in Phoenix costs 15% more than renting a comparable apartment."

In conclusion, the rental market for 3-bedroom homes in Phoenix is witnessing significant changes driven by a combination of factors. The demand for 3-bedroom homes in the city is high, indicated by families preferring these properties and an increase in rental inquiries. Limited availability of such homes has led to a decrease in supply, resulting in higher rents that have shown consistent monthly and annual growth. Suburban areas have experienced notable rent increases, while utility costs contribute significantly to the overall monthly expenses. Despite minimal impact from rent control regulations, Phoenix’s rental prices for 3-bedroom homes continue to trend upwards, especially post-pandemic, with renters spending a considerable portion of their income on rent.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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