Over the last 5 years (2013-2017), property rental prices in Peoria and Fletcher Heights have shown a significant increase. Also, Peoria rental property and Fletcher Heights rental property inventories have decreased substantially from 2013-2017.
Fletcher Heights is a subdivision located roughly north and south of Deer Valley Road and east and west of 83rd avenue.
The numbers that follow compare full year rental property market data from 2013-2017 in Fletcher Heights and Peoria, AZ. The number of rental properties analyzed is simulated for 2017 based the rental market data through 9-30-2017.
All figures are taken from closed Peoria and Fletcher Heights rental data from the MLS from 2013-2017.
The rental property data we display in this Peoria and Fletcher Heights rental property study only include closed, unfurnished single-family home rental properties.
The above charts show good growth for rental home prices in Peoria and Fletcher Heights from 2013-2017. The inventory in both comparisons also shows a significant decrease.
Rental home price average in Peoria, AZ has increased about 16% in these five years. In Fletcher Heights, the increase in rent in this time frame has been 15%.
Rental property inventory in Peoria, AZ has decreased 38% from 2013 to 2017 and rental inventory is down 35% in the Fletcher Heights subdivision.
It is interesting to note in this time frame, the 16% increase in Peoria rent prices has outperformed the Consumer Price Index (6%) by over 2 1/2 times.