Three compelling reasons to consider investing in Phoenix real estate.

Are you considering a real estate investment? Look no further than the Phoenix metro area, where opportunities abound. Today, we'll explore three compelling reasons why Phoenix is an excellent choice for investors.

1. Robust economy. Phoenix boasts a thriving economy, with the state's unemployment rate standing impressively low at 3.7%. Over the past year, the healthcare industry alone in Arizona added more than 17,600 jobs. What's more, the state is on the brink of becoming the epicenter for semiconductor research and development, promising exciting prospects for economic growth.

“Investing in real estate in the Phoenix metro area is a smart move.”

2. Surging population. Phoenix is experiencing unprecedented population growth, showing no signs of slowing down. Over the past 12 years, the region has witnessed a continuous net migration increase. According to recent data, Arizona is ranked seventh in the U.S. for population growth, gaining over 273,000 people between July 2020 and July 2023. This sustained growth is not only impressive but also indicative of a region with a flourishing community.

3. Lucrative rental market. The Phoenix rental market presents a golden opportunity for investors. While active listings are on the rise, currently up by 16,000, the number remains relatively low compared to a typical market. The demand for rental properties is fueled by a scarcity of affordable housing. Investors can capitalize on this by entering the short-term rental market, leveraging Arizona's thriving tourism industry.

If you're considering a purchase, don't hesitate to reach out to your trusted real estate agent at Good Company. You can call us or send us an email, and rest assured that we're here to guide you through the exciting journey of real estate investment in Phoenix.