Is Carefree, AZ a good place to invest in rental property?

Carefree, AZ has a median modeled monthly cash flow of $-1,662 and a median cap rate of 3.7%, on a median sold price of $1,178,125. Prices changed -8.5% year over year.

What is the average cap rate in Carefree, AZ?

The median cap rate across recently sold homes in Carefree, AZ is 3.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Carefree, AZ?

The median sold price in Carefree, AZ is $1,178,125 (about $397 per square foot).

Investing in Carefree, AZ Real Estate

A data-driven snapshot of the Carefree, AZ rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$1,178,125Median sold price

$397Median $/sqft

3.7%Median cap rate

$-1,662Modeled cash flow / mo

-8.5%Appreciation YoY

8.6Months of supply

110Active listings

154Sold (last 12 mo)

What the Carefree numbers say

In Carefree, AZ, the median home sold for $1,178,125 (about $397 per square foot), and the typical deal models out to a 3.7% cap rate with a median $-1,662 of monthly cash flow. Sold prices moved -8.5% over the past year. Inventory sits at about 8.6 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Arizona markets to compare

See Carefree cash-flowing listings

CashFlowRE ranks every for-sale home in Carefree, AZ by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Carefree deals, or browse the national market data.