Real Property Management Phoenix Valley analyzed single family rental property subdivision statistics within the main neighborhoods in Avondale AZ utilizing the MLS (Multiple Listing System). We identified the top 5 rental property subdivisions in Avondale, AZ for closed rental volume during 2018.
The city of Avondale, AZ runs east and west of the I-10 freeway from 99th Ave to Litchfield Road and is strategically located near not only the I-10 but the Loop 101 as well.
Avondale, AZ - number of closed single family rental property transactions for year to date 2018 = 442. Top 5 subdivisions break out as follows:
Coldwater Springs – 60
Rancho Santa Fe – 27
Crystal Gardens – 26
Garden Lakes - 23
Glenhurst - 21
As opposed to the Goodyear subdivision analysis completed by Real Property Management Phoenix Valley; Avondale has a ton of neighborhoods with rentals so the number of closed rental transactions per neighborhood is smaller.
The top 5 rental property markets in Avondale represent 36% of the closed rental property transactions in Avondale, AZ for year 2018. This is in stark contrast to Goodyear and more in line with Surprise in which the top 5 neighborhoods also represented 36% of the total closed rental home volume. The remainder was spread out among the other Avondale neighborhoods.
Here is the average rental price for the top 5 Avondale, AZ rental neighborhoods as per Real Property Management Phoenix Valley's analysis:
Coldwater Springs – $1322.00
Rancho Santa Fe – $1335.00
Crystal Gardens – $1414.00
Garden Lakes - $1611.00
Glenhurst - $1427.00
Overall the Avondale rental area is an excellent area for Phoenix rental properties as illustrated by the average rent that is achieved and listed above. Additionally, its' close proximity to two main freeways increases the appeal.
For all of your Phoenix Real Estate & Phoenix Property Management Needs Contact:
Real Property Management Phoenix Valley
www.rpmphoenixvalley.com
info@rpmwvphx.com
602-358-8130
