The average rent for all bedrooms and all property types in Phoenix, AZ is $1,850. Average rent $1,850 Month-over-month change +$15 Year-over-year change -$232 Available rentals 5,110 Source: Zillow Rentals data Rental price range The price range for all bedrooms and all property typ...
The average apartment size has been decreasing slowly over the past decade, while rentals have been growing in both popularity and price.
However, if rent prices are down 10% and the average 30-year fixed-rate mortgage rate is down 30%, then owning has become relatively more affordable. Like duh. Such an obvious comparison that everybody seems to be missing. In my city, buying is now cheaper than renting because mortgage ...