State Profile
Arizona Investment Profile
Arizona has been the decade's appreciation winner, with semiconductor investment and in-migration.
Reviewed by Keiron Brown, Founder & Editor, CalculateRealEstateROI · Educational estimates only — not investment, financial, tax, or legal advice
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Tracked metros
2
Avg yield
5.3%
Avg 5-yr appreciation
73%
Landlord friendliness
7.0 / 10
Opportunities
- TSMC and chip-sector capex
- Low regulation
- Strong rental demand
Risks
- Water supply
- Summer cooling expense
Cash flow outlook
Compressed yields — favor appreciation-led theses.
Appreciation outlook
Strong appreciation trend; underwrite to today's rents, not peak.
Tracked metros
| Metro | Yield | Cap rate | 5-yr appr. | Vacancy |
|---|---|---|---|---|
| Phoenix | 5.8% | 5.6% | +71% | 7.3% |
| Scottsdale | 4.9% | 4.5% | +75% | 6.0% |
Other state profiles
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