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Phoenix, Queen Creek, El Mirage Top Rental ZIP Code List

Published: Monday, October 23, 2017 - 5:10am
Stina Sieg/KJZZ
Five Arizona communities make a list of top zip codes for buying single family home rentals.

Five Arizona communities are on a list of top ZIP codes for buying single family rentals. ATTOM Data Solutions analyzed the single family rental market in 4,854 ZIP codes across the United States between July and September.

ATTOM’s top 25 ZIP codes include two in the southwest Phoenix communities of Laveen (85339) and Estrella Village (85043). The other ZIP codes are in Queen Creek (85143), El Mirage (85335) and Maricopa (85139).

The report lists three-bedroom fair market rent in the ZIP codes ranging from nearly $1,500 to slightly more than $2,000.

Investors in all the top ZIP codes had potential gross rental yields of at least 10 percent and potential annual cash flows for cash buyers of at least $10,000 after expenses.

ATTOM also found the top ZIP codes all posted year-over-year increases in rental rates, population and home prices. Vacancy rates were at 5 percent or lower for non-occupied homes, and at least 25 percent of all single-family homes were non-owner occupied.

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