Last updated: September 2024
Arizona, known for its diverse landscapes and sunny weather, offers excellent opportunities for mid-term rental investors. From vibrant cities to scenic desert destinations, these markets provide strong investment potential. Stretching from the majestic Grand Canyon to the serene deserts of Tucson, and from the bustling streets of Phoenix to the red rocks of Sedona, Arizona encapsulates an array of experiences that cater to adventurers, culture enthusiasts, and leisure seekers alike. This diverse appeal makes the state a year-round destination for travelers, thus presenting lucrative opportunities for those looking to invest in the mid-term rental market.
This guide aims to illuminate the top markets within Arizona for mid-term rentals, evaluating factors such as rental performance metrics, regulatory environments, and tourist attractions. By shedding light on these key areas, we provide investors with the insights needed to navigate Arizona’s mid-term rental landscape successfully. Whether it’s leveraging Phoenix’s urban appeal, tapping into Sedona’s spiritual and scenic allure, or exploring the historic charm of Tucson, Arizona offers a canvas for investors to create profitable Airbnb ventures.
Our advanced tool, Chalet Intel, delivers in-depth insights and strategies tailored for investors at all levels. It includes a robust calculator, regulation summaries, and extensive data for each discussed market. Our dashboard offers comprehensive data on both short-term and mid-term rentals, enabling you to make well-informed decisions. Links for each market are available for detailed individual analysis.
1. Tucson, Arizona
Tucson, AZ, known for its rich cultural heritage and vibrant arts scene, is also home to the University of Arizona.
Tucson has seen a notable increase in home values by 3.10%, with the average price now at $327,123. The market thrives with a median annual revenue of $20,900 and a monthly rate of $1,900. With 1,532 full-time listings and a property tax rate of 0.90%, the gross yield here is 6.39%.
Discover more about investing in Tucson through Chalet Intel.
2. Phoenix, Arizona
Phoenix, AZ, the capital city, offers a mix of urban attractions and outdoor activities, including hiking in the nearby mountains.
Phoenix has experienced a rise in home values by 3.50%, with the average price now at $422,001. The market is promising with a median annual revenue of $25,300 and a monthly rate of $2,300. With 4,490 full-time listings and a property tax rate of 0.57%, the gross yield stands at 6.00%.
For more comprehensive insights into Phoenix as a rental market, explore Chalet Intel.
Top 200 Airbnb Rental Markets
Use our Airbnb comparison tool to instantly compare the top 200 short-term (Airbnb) rental markets in the US by returns on investment, occupancy rates, revenue, home price, and more…
3. Lake Havasu City, Arizona
Lake Havasu City, AZ, known for its water sports and outdoor recreation, is a popular destination for tourists seeking a mix of adventure and relaxation.
Lake Havasu City has seen a slight increase in home values by 0.30%, with the average price now at $465,808. The market shows promise with a median annual revenue of $20,900 and a monthly rate of $1,900. With 402 full-time listings and a property tax rate of 0.56%, the gross yield stands at 4.49%.
For a deeper dive into Lake Havasu City’s investment potential, explore Chalet Intel.
4. Flagstaff, Arizona
Flagstaff, AZ, a gateway to the Grand Canyon, offers a blend of outdoor activities and cultural experiences in a picturesque setting.
Flagstaff has experienced a notable increase in home values by 5.20%, with the average price now at $646,425. The market is promising with a median annual revenue of $24,200 and a monthly rate of $2,200. With 418 full-time listings and a property tax rate of 0.55%, the gross yield stands at 3.74%.
To delve deeper into Flagstaff’s investment potential, check out Chalet Intel.
5. Scottsdale, Arizona
Scottsdale, AZ, known for its luxury resorts, golf courses, and vibrant arts scene, is a prime destination for high-end tourists.
Scottsdale has seen a notable increase in home values by 4.80%, with the average price now at $807,104. The market is promising with a median annual revenue of $25,300 and a monthly rate of $2,300. With 4,490 full-time listings and a property tax rate of 0.57%, the gross yield stands at 3.13%.
For more comprehensive insights into Scottsdale as a rental market, explore Chalet Intel.
6. Sedona, Arizona
Sedona, AZ, known for its stunning red rock formations and spiritual retreats, is a top destination for tourists seeking both adventure and tranquility.
Sedona has experienced a modest increase in home values by 2.70%, with the average price now at $930,657. The market shows promise with a median annual revenue of $22,000 and a monthly rate of $2,000. With 767 full-time listings and a property tax rate of 0.52%, the gross yield stands at 2.36%.
For more comprehensive insights into Sedona as a rental market, explore Chalet Intel.
Each of these markets in Arizona offers unique opportunities for mid-term rental investors, combining strong financial metrics with attractive tourist destinations. For a comprehensive overview, including detailed analyses, calculators, and regulation insights, make sure to explore our latest tool, Chalet Intel.
