Last week, we took a look at the city of Surprise, AZ and the Surprise Farms subdivision’s 2013 to 2015 pertinent rental market figures.
This week, we will look at rental market statistics in the City of Anthem, AZ.
The break down will focus on the subdivision of Anthem Country Club.
We will analyze rental market data from 1st quarter and 2nd Quarter of 2013 and 2014 and compare it with data from 1st Quarter and 2nd Quarter of 2015.
Let’s take a look at the data.
|YR||Location||# of Props||Avg Rent||MED Rent||AVG DOM||MED DOM|
The rental market numbers for Anthem are consistent with the overall 2015 Phoenix Area Rental Market. Overall, average rental prices in both Anthem and Anthem Country Club have increased from 2013-2015. Rental property inventory has decreased in that time frame.
What is interesting about Anthem Country Club is the negligible AVG rent increase from 2014 to 2015 and a decrease in the median. This is the only subdivision that we have analyzed over the last couple of months that shows this. It could be a sample size issue but it might show that the recent rent increase here has peaked.
In Anthem, average rental property rent rates have increased about 8% from 2013 to 2015 (from $1431 to $1550).
Rental Property inventory in Anthem, AZ has also decreased a bit. Although a precise number will not be computed until the end of the quarter, the decrease in inventory is much less pronounced than in other cities.
The percentage increase in average rental price from 2013-2015 within Anthem Country Club is about 12%.