Best Places to Invest in Arizona Real Estate
174 Arizona markets ranked from our sold history and per-listing investment modeling. Tap a city for its cap rate, cash flow and price detail — then sign up to see the actual cash-flowing listings.
| City | Median price | Cap rate | Cash flow/mo | Appreciation YoY | Sold (12mo) |
|---|---|---|---|---|---|
| Phoenix | $456,000 | 3.3% | $-1,154 | -1.4% | 16,168 |
| Scottsdale | $925,000 | 2.5% | $-2,922 | +1.7% | 5,797 |
| Tucson | $319,000 | 3.8% | $-657 | -2.8% | 5,077 |
| Surprise | $420,000 | 3.3% | $-1,092 | -3.8% | 4,104 |
| Gilbert | $582,000 | 3.2% | $-1,559 | -1.4% | 3,250 |
| Buckeye | $400,000 | 3.2% | $-1,099 | -1.8% | 3,093 |
| Peoria | $510,000 | 3.3% | $-1,315 | -2.7% | 3,091 |
| San Tan Valley | $422,500 | 3.2% | $-1,159 | -2.3% | 2,771 |
| Chandler | $545,000 | 3.4% | $-1,382 | -3.1% | 2,707 |
| Goodyear | $475,000 | 3.0% | $-1,334 | -0.4% | 2,240 |
| Glendale | $430,000 | 3.5% | $-1,020 | -2.9% | 2,173 |
| Maricopa | $340,000 | 3.5% | $-820 | -3.7% | 1,979 |
| Lake Havasu City | $450,000 | 3.0% | $-1,206 | -1.3% | 1,707 |
| Queen Creek | $637,000 | 2.5% | $-2,062 | +0.8% | 1,696 |
| Prescott | $535,000 | 2.4% | $-1,973 | +0.6% | 1,670 |
| Mesa | $510,000 | 3.3% | $-1,353 | -1.9% | 1,578 |
| Marana | $413,000 | 3.3% | $-1,097 | -0.9% | 1,536 |
| Tempe | $477,500 | 3.4% | $-1,126 | -3.3% | 1,350 |
| Prescott Valley | $449,450 | 3.0% | $-1,321 | -2.1% | 1,292 |
| Bullhead City | $245,000 | 3.6% | $-658 | -3.0% | 1,284 |
| Yuma | $298,000 | 4.0% | $-605 | -1.0% | 1,223 |
| Apache Junction | $380,000 | 3.1% | $-1,037 | +0.0% | 1,220 |
| Casa Grande | $310,000 | 3.9% | $-682 | -2.6% | 1,149 |
| Flagstaff | $675,000 | 2.1% | $-2,551 | -0.8% | 1,049 |
| Catalina Foothills | $665,000 | 2.4% | $-2,144 | -2.9% | 1,040 |
| Oro Valley | $495,000 | 3.2% | $-1,374 | -4.5% | 1,019 |
| Green Valley | $275,000 | 4.5% | $-401 | -0.8% | 1,017 |
| Florence | $329,990 | 3.9% | $-692 | -4.6% | 997 |
| Kingman | $245,000 | 3.6% | $-743 | +0.0% | 970 |
| Sahuarita | $338,900 | 3.8% | $-754 | -5.1% | 948 |
| Fortuna Foothills | $262,500 | 3.9% | $-597 | +4.8% | 927 |
| Casas Adobes | $355,875 | 3.5% | $-776 | -1.7% | 878 |
| Avondale | $419,980 | 3.4% | $-1,089 | -0.9% | 846 |
| Sierra Vista | $293,300 | 4.1% | $-537 | +0.0% | 751 |
| Fountain Hills | $690,000 | 3.1% | $-1,870 | -1.4% | 719 |
| $35,000 | 0.2% | $-3,020 | -15.4% | 711 | |
| Vail | $365,865 | 3.5% | $-913 | -1.9% | 622 |
| Arizona City | $239,000 | 4.1% | $-460 | -1.9% | 583 |
| Sun Lakes | $455,000 | 3.8% | $-978 | -3.5% | 560 |
| Gold Canyon | $469,000 | 3.5% | $-1,057 | -1.9% | 531 |
| Golden Valley | $38,750 | 3.0% | $-755 | -4.8% | 530 |
| Payson | $400,000 | 3.0% | $-1,336 | -0.4% | 526 |
| Show Low | $379,000 | 3.2% | $-1,063 | +3.0% | 525 |
| Saddlebrooke | $500,000 | 3.8% | $-1,035 | -4.0% | 517 |
| Rio Rico | $246,850 | 4.0% | $-550 | -0.3% | 516 |
| New Kingman-Butler | $205,000 | 4.6% | $-347 | +3.5% | 494 |
| Fort Mohave | $295,000 | 4.3% | $-547 | +0.5% | 492 |
| Litchfield Park | $520,500 | 2.9% | $-1,504 | -1.3% | 488 |
| Coolidge | $280,000 | 4.4% | $-443 | -4.1% | 435 |
| Sedona | $920,000 | 1.4% | $-4,955 | -1.2% | 434 |
| Rincon Valley | $429,940 | 3.4% | $-1,083 | -1.8% | 421 |
| Anthem | $582,000 | 3.4% | $-1,437 | -3.9% | 415 |
| Eloy | $209,260 | 1.8% | $-1,253 | -3.8% | 413 |
| Tonopah | $325,000 | 2.8% | $-1,141 | -4.1% | 400 |
| Chino Valley | $409,745 | 2.5% | $-1,436 | +1.7% | 397 |
| Wickenburg | $450,000 | 2.8% | $-1,345 | +0.9% | 395 |
| Waddell | $484,990 | 2.7% | $-1,502 | -1.3% | 371 |
| New River | $700,000 | 2.1% | $-3,156 | +0.3% | 371 |
| Sun City West | $450,000 | 3.8% | $-883 | -3.0% | 327 |
| Paradise Valley | $4,299,000 | -1.0% | $-35,524 | +5.4% | 319 |
| Wittmann | $384,995 | 2.7% | $-1,638 | -3.1% | 310 |
| El Mirage | $345,000 | 4.4% | $-537 | -2.0% | 304 |
| Valencia West | $325,000 | 3.8% | $-680 | -4.6% | 297 |
| Tanque Verde | $685,000 | 2.3% | $-2,299 | +0.4% | 280 |
| Cottonwood | $369,995 | 3.8% | $-680 | +0.4% | 272 |
| Cave Creek | $1,071,500 | 1.3% | $-5,558 | +4.9% | 271 |
| Williamson | $776,151 | 0.7% | $-5,189 | -0.5% | 252 |
| San Luis | $255,000 | 4.0% | $-498 | +1.4% | 251 |
| Valle Vista | $224,995 | 3.9% | $-544 | -9.7% | 248 |
| Corona de Tucson | $375,000 | 4.0% | $-746 | -2.6% | 247 |
| Tucson Estates | $248,000 | 3.3% | $-607 | +0.6% | 244 |
| Benson | $250,000 | 3.9% | $-529 | +0.6% | 222 |
| Village of Oak Creek (Big Park) | $775,000 | 2.7% | $-2,416 | -0.7% | 209 |
| Drexel Heights | $299,990 | 3.6% | $-781 | -0.7% | 207 |
| Paulden | $290,000 | 2.2% | $-1,203 | -1.1% | 202 |
| Snowflake | $110,000 | 2.6% | $-1,196 | +1.8% | 201 |
| White Mountain Lake | $102,000 | 3.1% | $-566 | +1.3% | 199 |
| Camp Verde | $335,000 | 2.7% | $-1,049 | +9.2% | 195 |
| Dolan Springs | $19,000 | 4.4% | $-341 | +13.3% | 193 |
| Pinetop Country Club | $525,000 | 2.6% | $-1,819 | +6.3% | 187 |
| Valle | $16,450 | 1.8% | $-1,220 | +93.8% | 184 |
| Munds Park | $475,000 | 1.4% | $-2,253 | +7.9% | 184 |
| Pinetop-Lakeside | $431,500 | 1.7% | $-2,097 | +0.4% | 176 |
| Verde Village | $384,680 | 3.2% | $-1,080 | -1.9% | 172 |
| Heber-Overgaard | $292,500 | 3.5% | $-833 | -11.3% | 160 |
| Pine | $434,000 | 1.2% | $-2,135 | +2.8% | 160 |
| Concho | $25,000 | 2.0% | $-1,057 | -0.9% | 155 |
| Cordes Lakes | $130,000 | 3.7% | $-606 | -6.7% | 155 |
| Carefree | $1,178,125 | 3.7% | $-1,662 | -8.5% | 154 |
| Tucson Mountains | $600,000 | 1.7% | $-2,893 | +1.7% | 152 |
| Seligman | $20,000 | 3.6% | $-714 | -24.0% | 151 |
| Desert Hills | $357,500 | 2.0% | $-2,458 | -14.3% | 150 |
| Williams | $238,500 | 1.3% | $-2,503 | -11.2% | 148 |
| Picture Rocks | $260,000 | 4.3% | $-496 | -5.1% | 147 |
| Sierra Vista Southeast | $370,000 | 4.3% | $-593 | -0.8% | 141 |
| Mohave Valley | $167,500 | 3.7% | $-729 | -3.6% | 134 |
| Dewey | $395,000 | 2.9% | $-1,134 | -2.2% | 130 |
| Red Rock | $287,500 | 3.7% | $-643 | -7.0% | 128 |
| Lake Montezuma | $260,000 | 2.4% | $-1,091 | -0.6% | 127 |
| Bisbee | $217,500 | 2.2% | $-985 | +11.8% | 126 |
| Douglas | $85,000 | 4.1% | $-415 | +1.2% | 125 |
| Overgaard | $377,500 | 2.6% | $-1,459 | -1.3% | 124 |
| Cornville | $425,450 | 2.9% | $-1,582 | -4.3% | 120 |
| Flowing Wells | $215,000 | 4.9% | $-265 | -6.2% | 118 |
| Meadview | $26,000 | 3.4% | $-445 | -0.4% | 118 |
| Clarkdale | $475,000 | 3.0% | $-1,490 | +2.2% | 111 |
| Avra Valley | $265,000 | 4.3% | $-490 | +3.5% | 111 |
| Yucca | $24,000 | 2.9% | $-716 | -5.1% | 109 |
| Youngtown | $349,900 | 4.0% | $-672 | -8.6% | 108 |
| Vernon | $80,000 | 0.8% | $-1,761 | +2.4% | 107 |
| Catalina | $330,500 | 3.9% | $-787 | -9.1% | 105 |
| Three Points | $149,000 | 3.3% | $-590 | -4.9% | 101 |
| Lake of the Woods | $339,000 | 2.3% | $-1,245 | +8.9% | 99 |
| Wellton | $157,300 | 3.3% | $-628 | -3.3% | 96 |
| Golden Shores | $96,000 | 3.1% | $-598 | -5.2% | 94 |
| Willcox | $135,250 | 3.5% | $-572 | +4.1% | 92 |
| Red Lake | $157,500 | 1.4% | $-1,714 | -3.9% | 92 |
| Citrus Park | $867,500 | 2.3% | $-2,663 | -4.4% | 90 |
| Eagar | $298,000 | 2.4% | $-1,157 | +12.1% | 88 |
| Heber | $35,000 | 2.8% | $-1,436 | +11.1% | 87 |
| Dewey-Humboldt | $324,500 | 2.2% | $-1,406 | -5.2% | 87 |
| Winslow | $187,500 | 3.7% | $-554 | +12.9% | 86 |
| Sun City | $436,500 | 3.6% | $-955 | -7.1% | 84 |
| Tubac | $374,000 | 2.6% | $-1,873 | -3.3% | 81 |
| Doney Park | $677,050 | 1.8% | $-3,342 | +4.8% | 80 |
| Linden | $375,000 | 1.8% | $-1,950 | -3.5% | 80 |
| Ash Fork | $50,000 | 2.5% | $-859 | -21.8% | 77 |
| Kachina Village | $508,000 | 3.4% | $-1,135 | -0.9% | 75 |
| Wagon Wheel | $350,000 | 2.7% | $-1,070 | +10.4% | 71 |
| St Johns | $22,000 | -0.2% | $-2,357 | +7.8% | 67 |
| Parks | $505,000 | 1.3% | $-2,658 | -2.7% | 65 |
| Taylor | $310,000 | 2.3% | $-1,203 | -15.2% | 64 |
| Whetstone | $215,000 | 3.2% | $-749 | -7.0% | 63 |
| Pearce | $19,900 | 1.8% | $-1,392 | -17.6% | 63 |
| Strawberry | $390,408 | 1.5% | $-1,808 | -1.0% | 62 |
| Somerton | $285,000 | 3.0% | $-859 | +0.5% | 62 |
| Kaibab Estates West | $37,500 | 2.3% | $-927 | +16.3% | 61 |
| Tombstone | $182,500 | 2.5% | $-783 | +11.5% | 60 |
| Black Canyon City | $260,000 | 3.6% | $-585 | -5.3% | 59 |
| Tonto Basin | $227,000 | 1.0% | $-1,618 | +4.8% | 59 |
| Oracle | $290,000 | 3.0% | $-1,008 | -10.5% | 59 |
| Nogales | $196,000 | 4.1% | $-597 | -11.6% | 59 |
| Mescal | $135,000 | 2.8% | $-767 | +3.4% | 56 |
| Cienega Springs | $402,500 | 2.3% | $-1,411 | +17.6% | 56 |
| Star Valley | $295,000 | 2.8% | $-1,022 | +19.4% | 53 |
| White Hills | $20,000 | 2.2% | $-859 | +9.0% | 53 |
| Bellemont | $510,000 | 4.9% | $-649 | -4.0% | 53 |
| Congress | $189,000 | 3.0% | $-772 | -15.2% | 53 |
| Laveen | $681,000 | 2.5% | $-1,513 | -1.9% | 53 |
| Ajo | $140,000 | 6.8% | $67 | +9.1% | 52 |
| Fort Valley | $963,140 | 0.5% | $-9,009 | +4.4% | 48 |
| Mayer | $237,500 | 2.7% | $-1,374 | +1.5% | 47 |
| Alpine | $250,000 | 1.1% | $-1,893 | -9.2% | 47 |
| Safford | $280,000 | 3.0% | $-848 | +1.6% | 45 |
| Salome | $108,500 | 3.2% | $-459 | +0.3% | 42 |
| Willow Valley | $215,000 | 5.0% | $-235 | -5.9% | 42 |
| Morristown | $310,000 | 0.9% | $-2,189 | -5.8% | 41 |
| Peeples Valley | $94,000 | 2.1% | $-1,078 | -0.4% | 41 |
| Quartzsite | $110,000 | 1.2% | $-804 | +20.9% | 41 |
| Young | $178,000 | 0.8% | $-2,598 | +11.1% | 41 |
| Globe | $220,000 | 6.2% | $-24 | -7.1% | 37 |
| Queen Valley | $188,000 | 3.9% | $-492 | -9.3% | 37 |
| Sonoita | $456,000 | 0.8% | $-2,667 | -10.6% | 36 |
| Sunsites | $172,000 | 5.0% | $-205 | -11.1% | 36 |
| San Manuel | $183,250 | 5.5% | $-108 | -4.0% | 36 |
| Patagonia | $260,000 | 1.9% | $-1,859 | -21.0% | 35 |
| Holbrook | $179,000 | 3.5% | $-672 | +16.4% | 33 |
| Spring Valley | $227,500 | 3.8% | $-443 | -14.2% | 33 |
| Cactus Forest | $322,450 | 2.3% | $-1,168 | +7.0% | 32 |
| Elfrida | $37,450 | 1.9% | $-772 | -6.4% | 32 |
| Lakeside | $345,950 | 1.4% | $-2,227 | +7.9% | 32 |
| Greer | $475,000 | 0.3% | $-2,517 | -13.6% | 31 |
| St. Johns | $140,000 | 2.4% | $-716 | +16.0% | 30 |
| Tolleson | $359,700 | 2.2% | $-2,725 | -0.2% | 30 |
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