Airbnb City Guide: The Best Places To Invest in Phoenix, Arizona

Airbnb Rules and Regulations in Phoenix, Arizona

The City of Phoenix has a comprehensive list of rules and regulations for short-term rentals, including Airbnb properties. All short-term rental owners must obtain a permit from the city and pay an initial and renewal fee of $250 per permit. Owners are required to provide proof of liability insurance coverage of at least $500,000, undergo a criminal background check, and notify adjacent properties of their intent to operate a short-term rental.

The permit number must be displayed on all advertisements for the property. Civil penalties for violations range from $500 to $3,500, and permits may be suspended for multiple minor violations or a single serious violation within a 12-month period. The city prohibits the use of short-term rentals for non-residential purposes, such as parties or weddings. These regulations aim to strike a balance between allowing short-term rentals to operate while maintaining the quality of life in Phoenix neighborhoods.

Phoenix Market Data:

• Occupancy Rate – 56%
• Average Revenue – $52.4K per year
• Average Daily Rate – $256.4 per night
• Average RevPAR – $137.3
• Average Home Prices – $422,001

1. Top Place to Invest in Phoenix, Arizona - Estrella

Estrella, a vibrant master-planned community in Goodyear, Arizona, offers a perfect blend of natural beauty, modern amenities, and a strong sense of community. Nestled at the Sierra Estrella Mountains base, this picturesque neighborhood is an attractive option for Airbnb and short-term rental investors seeking a promising location in the Phoenix metropolitan area.

Estrella Airbnb Market Data:

• Occupancy Rate – 63%
• Average Revenue – $25.9K per year
• Average Daily Rate – $112.5 per night
• Average RevPAR – $67.8

Convenience - 8/10

Estrella boasts a convenient location with easy access to major highways, connecting residents to the rest of the Phoenix metro area. The community features a variety of shops, restaurants, and services within its boundaries, ensuring that most daily needs can be met without venturing far from home.

Tourist Attractions - 7/10

While Estrella is not a major tourist destination, its proximity to the Sierra Estrella Mountains provides outdoor enthusiasts ample opportunities for hiking, biking, and exploring the Sonoran Desert landscape. The nearby Estrella Mountain Regional Park offers over 20,000 acres of scenic beauty and recreational activities.

Things to Do - 9/10

Estrella offers a wide array of amenities and activities for residents and visitors alike. The community features three residents' clubs, a water park, and numerous neighborhood parks. Estrella encourages an active, outdoor lifestyle with over 50 miles of paths and trails. The Estrella Yacht Club provides complimentary water vessels for navigating North Lake, while the Golf Club of Estrella offers a challenging 18-hole course with stunning desert vistas.

Average Home Prices - 7/10

According to Zillow, the typical home value in Estrella, Phoenix, AZ, is $353,040 as of March 2024. This represents a modest 0.4% increase over the past year. While home prices in Estrella are slightly higher than the Phoenix average, the community's unique amenities and desirable location justify the premium for many buyers and investors. However, it is worth noting that solid cleaning practices need to be implemented because of the location's close proximity to the desert area.

Proximity to Work-Related Travel - 8/10

Estrella's location in Goodyear, Arizona, provides convenient access to various work-related destinations. The community is situated within a 30-minute drive of downtown Phoenix, where numerous hospitals, convention centers, and sports venues are located. This proximity makes Estrella an attractive option for professionals who frequently travel for work or attend events in the city center.

X-Factor - 9/10

Estrella's strong sense of community and commitment to fostering a connection with the natural environment sets it apart. The community's thoughtful design incorporates the surrounding desert landscape, creating a unique and visually stunning living experience. Estrella's numerous community events, such as the Goodyear Lakeside Music Festival and Ballet Under the Stars, bring residents together and contribute to a vibrant, welcoming atmosphere.

2. Top Place to Invest in Phoenix, Arizona - Deer Valley

Nestled in the heart of the Phoenix metropolitan area, Deer Valley is a thriving urban village that offers a perfect blend of suburban charm and urban convenience. With its prime location, diverse amenities, and strong potential for growth, Deer Valley is an attractive destination for Airbnb and short-term rental investors seeking a promising market in Arizona.

Deer Valley Airbnb Market Data:

• Occupancy Rate – 62%
• Average Revenue – $48.8K per year
• Average Daily Rate – $215.4 per night
• Average RevPAR – $128.5

Convenience - 8/10

Deer Valley boasts a convenient location with easy access to major highways, including Interstate 17 and Loop 101, connecting residents to the rest of the Phoenix metro area. The neighborhood features a variety of shops, restaurants, and services, ensuring that most daily needs can be met within a short drive.

Tourist Attractions - 7/10

While Deer Valley itself is not a major tourist hub, its proximity to various attractions in the greater Phoenix area makes it an appealing base for visitors. Nearby points of interest include the Phoenix Zoo, Desert Botanical Garden, and the Adobe Dam Regional Park, which offers hiking trails and outdoor recreation opportunities.

Things to Do - 8/10

Deer Valley offers a range of activities and amenities for residents and visitors alike. The neighborhood is home to several parks, including the Deer Valley Park, which features sports fields, playgrounds, and picnic areas. Golf enthusiasts can enjoy nearby courses such as the Stonecreek Golf Club and the Arrowhead Country Club.

Average Home Prices - 7/10

According to Zillow, the typical home value in Deer Valley, Phoenix, AZ, is $428,019 as of February 2024. This represents a modest decrease of 1.4% compared to the previous year. Despite the slight dip, Deer Valley's home prices remain relatively stable, indicating a balanced market that is attractive to investors.

Proximity to Work-Related Travel - 8/10

Deer Valley's strategic location makes it convenient for professionals who frequently travel for work. The neighborhood is situated within a 30-minute drive of major business districts, hospitals, and the Phoenix Convention Center. Additionally, the Phoenix Deer Valley Airport, which caters to corporate and general aviation, is located within the village boundaries.

X-Factor - 9/10

What sets Deer Valley apart is its strong sense of community and its commitment to preserving the area's natural beauty. The neighborhood features a mix of well-established homes and newer developments, creating a diverse and welcoming atmosphere. With its proximity to hiking trails and outdoor recreation areas, Deer Valley offers a desirable balance between urban living and access to nature.

3.Top Place to Invest in Phoenix, Arizona - Camelback East

Camelback East, a vibrant urban village in the heart of Phoenix, Arizona, offers a perfect blend of natural beauty, modern amenities, and a thriving real estate market. With its prime location at the base of the iconic Camelback Mountain, this neighborhood attracts both residents and visitors seeking a unique desert living experience.

Camelback East Airbnb Market Data:

• Occupancy Rate – 56%
• Average Revenue – $47K per year
• Average Daily Rate – $230.2 per night
• Average RevPAR – $123

Convenience - 9/10

Camelback East boasts an unbeatable location, with easy access to major highways, shopping centers, and a wide array of dining options. The neighborhood's walkable streets and bike-friendly paths make it easy to navigate, while the nearby light rail system provides convenient access to the rest of the Phoenix metropolitan area.

Tourist Attractions - 8/10

The star attraction of Camelback East is undoubtedly Camelback Mountain, a popular hiking destination that offers breathtaking 360-degree views of the city from its summit. The neighborhood is also home to several world-class resorts, including The Phoenician and the Omni Scottsdale Resort & Spa at Montelucia, which draw visitors from around the globe.

Things to Do - 9/10

Camelback East offers a plethora of activities for residents and visitors alike. In addition to hiking and exploring the desert landscape, the area features top-notch golf courses, upscale shopping at the Biltmore Fashion Park, and a vibrant arts scene, with the Phoenix Art Museum just a short drive away. With all these outdoor activities, strategically choosing furniture that is rugged and doesn't get dirty easily is essential if you're planning on investing in Camelback East.

Average Home Prices - 7/10

As of March 2024, the typical home value in Camelback East is $533,638, representing a modest 2.5% increase over the past year. While prices are higher than the Phoenix average, the neighborhood's prime location, stunning views, and luxurious amenities justify the premium for many buyers and investors.

Proximity to Work-Related Travel - 8/10

Camelback East is conveniently located near major employment centers, hospitals, and the Phoenix Sky Harbor International Airport. The neighborhood's central location makes it an attractive choice for professionals who frequently travel for work or attend nearby Phoenix Convention Center events.

X-Factor - 9/10

Its unparalleled combination of natural beauty and urban sophistication sets Camelback East apart. The neighborhood's luxurious resorts, high-end shopping, and fine dining options create an atmosphere of prestige and exclusivity. Meanwhile, the stunning desert landscape and iconic Camelback Mountain provide a serene escape from the bustling city life.

4. Top Place to Invest in Phoenix, Arizona - Maricopa County

Maricopa County, the vibrant and diverse region encompassing the Phoenix metropolitan area, offers a wealth of opportunities for Airbnb and short-term rental investors. With its thriving economy, stunning natural beauty, and endless entertainment options, Maricopa County is an attractive destination for visitors and residents, making it a prime location for investment in real estate.

Maricopa County Airbnb Market Data:

• Occupancy Rate – 49%
• Average Revenue – $37K per year
• Average Daily Rate – $205.5 per night
• Average RevPAR – $96.6

Convenience - 9/10

Maricopa County boasts a well-developed infrastructure, with an extensive network of highways and public transportation options, including the Valley Metro light rail system. This interconnectedness makes it easy for residents and visitors to navigate the region, accessing a wide range of amenities, services, and attractions.

Tourist Attractions - 8/10

From the iconic Camelback Mountain to the world-renowned Desert Botanical Garden, Maricopa County offers a plethora of tourist attractions that showcase the region's natural beauty and cultural heritage. Visitors can explore the Heard Museum, which features Native American art and history, or take a scenic drive along the Apache Trail, which winds through the Superstition Mountains.

Things to Do - 9/10

Maricopa County is a haven for outdoor enthusiasts, with countless hiking trails, parks, and golf courses that take advantage of the region's stunning desert landscape. The county is also home to a thriving arts and culture scene, with venues like the Phoenix Art Museum, the Orpheum Theatre, and the Mesa Arts Center hosting diverse exhibitions and performances.

Average Home Prices - 7/10

As of April 2024, the typical home value in Maricopa County is $448,711, representing a modest 3.2% increase over the past year. While prices vary depending on the specific location and property type, the county's diverse housing market offers options for investors at various price points, from affordable apartments to luxurious estates.

Proximity to Work-Related Travel - 8/10

Maricopa County is home to a thriving business community, with major employers spanning industries such as healthcare, technology, and financial services. The region's central location and well-developed transportation infrastructure make it easy for professionals to travel to work-related destinations, including hospitals, convention centers, and sports venues like the Footprint Center and State Farm Stadium.

X-Factor - 9/10

Its unparalleled combination of urban amenities and natural wonders sets Maricopa County apart. From the bustling streets of downtown Phoenix to the serene beauty of the Sonoran Desert, the region offers a unique blend of experiences that appeal to a wide range of visitors and residents. This diversity and the county's strong economy and welcoming community make it an ideal location for Airbnb and short-term rental investment.

5. Top Place to Invest in Phoenix, Arizona - Desert View

Nestled at the base of the scenic Sonoran Desert, Desert View is a vibrant and growing neighborhood in northeast Phoenix. With its stunning mountain vistas, convenient location, and abundance of outdoor recreation opportunities, Desert View offers an attractive investment prospect for Airbnb and short-term rental investors seeking a slice of the Arizona sunshine.

Desert View Airbnb Market Data:

• Occupancy Rate – 60%
• Average Revenue – $70.2K per year
• Average Daily Rate – $318.7 per night
• Average RevPAR – $206.9

Convenience - 8/10

Desert View boasts a prime location along the Loop 101 freeway, providing easy access to major employment centers, shopping destinations, and entertainment venues across the Phoenix metropolitan area. The neighborhood's well-connected streets and walking paths make it easy for residents and visitors to navigate the community and enjoy its amenities.

Tourist Attractions - 7/10

While Desert View itself is primarily residential, its proximity to the Sonoran Desert and natural wonders like the Tonto National Forest and Saguaro Lake make it an appealing base for outdoor enthusiasts. Visitors can explore nearby hiking trails, embark on scenic drives, or take a hot air balloon ride to marvel at the desert landscape from above.

Things to Do - 8/10

Desert View offers a range of activities for residents and visitors alike. The neighborhood features several parks and green spaces, including Desert View Park, which offers sports fields, playgrounds, and picnic areas. Golf enthusiasts can tee off at the nearby Wildfire Golf Club or Grayhawk Golf Club, while those seeking a taste of local culture can visit the Musical Instrument Museum, just a short drive away.

Average Home Prices - 7/10

As of March 2024, the typical home value in Desert View is $428,019, representing a modest 2.5% increase over the past year. While prices are slightly higher than the Phoenix average, Desert View's desirable location, modern amenities, and potential for appreciation make it an attractive option for investors.

Proximity to Work-Related Travel - 9/10

Desert View's strategic location near the Loop 101 freeway puts it within easy reach of major employment centers, including the Mayo Clinic Hospital, which is just minutes away. The neighborhood's proximity to Phoenix Sky Harbor International Airport and the Phoenix Convention Center also makes it a convenient choice for business travelers and conference attendees.

X-Factor - 8/10

Its unique blend of urban convenience and natural beauty sets Desert View apart. The neighborhood's stunning Sonoran Desert backdrop and dark sky areas provide a serene escape from the bustle of city life, while its modern amenities and a strong sense of community create a welcoming atmosphere for residents and visitors alike. With its growing popularity and potential for appreciation, Desert View presents an exciting opportunity for Airbnb and short-term rental investors looking to capitalize on the Phoenix market.

6. Top Place to Invest in Phoenix, Arizona - Maryvale

Maryvale, a historic neighborhood in the heart of Phoenix, Arizona, offers a unique blend of affordability, convenience, and untapped potential for old and beginner Airbnb business owners. With its rich history, diverse community, and ongoing revitalization efforts, Maryvale presents an attractive opportunity for those seeking to capitalize on the growing demand for vacation rentals in the Phoenix metropolitan area.

Maryvale Airbnb Market Data:

• Occupancy Rate – 53%
• Average Revenue – $26.8K per year
• Average Daily Rate – $138.8 per night
• Average RevPAR – $70

Convenience - 7/10

Maryvale's central location provides easy access to major highways, public transportation, and a variety of shops and services. While the neighborhood has faced challenges in recent years, ongoing efforts to improve walkability and connectivity are enhancing its overall convenience for residents and visitors.

Tourist Attractions - 6/10

Although Maryvale itself is not a major tourist destination, its proximity to popular attractions such as the Desert Sky Pavilion, Maryvale Baseball Park, and the vibrant Westgate Entertainment District makes it an appealing base for visitors exploring the West Valley.

Things to Do - 7/10

Maryvale offers a range of recreational activities, from golfing at the Maryvale Golf Course to exploring the historic Sahuaro Ranch Park. The neighborhood's rich cultural heritage is celebrated through various community events and festivals, providing a glimpse into the area's unique character and charm.

Average Home Prices - 8/10

As of March 2024, the typical home value in Maryvale is $285,000, representing a modest 2.8% increase over the past year. This relative affordability, combined with the neighborhood's growth potential, makes it an attractive option for investors seeking to enter the Phoenix market at a lower price point.

Proximity to Work-Related Travel - 7/10

Maryvale's central location puts it within easy reach of major employment centers, hospitals, and the Phoenix Sky Harbor International Airport. While the neighborhood itself may not be a primary destination for business travelers, its affordability and accessibility make it a viable option for those seeking short-term accommodations near work-related venues.

X-Factor - 8/10

What sets Maryvale apart is its strong sense of community and its untapped potential for growth. As one of Phoenix's first master-planned communities, Maryvale has a rich history and a unique identity that is being rediscovered and celebrated by a new generation of residents and investors. With ongoing revitalization efforts and a growing appreciation for the neighborhood's mid-century charm, Maryvale is poised for a renaissance that savvy investors can capitalize on.

7. Top Place to Invest in Phoenix, Arizona - North Mountain

Nestled in the heart of the Phoenix Mountains Preserve, North Mountain is a vibrant and growing neighborhood that offers a perfect blend of urban convenience and natural beauty. With its stunning mountain vistas, diverse amenities, and strong potential for investment, North Mountain is an attractive destination for Airbnb and short-term rental investors seeking a slice of the Arizona sunshine.

North Mountain Airbnb Market Data:

• Occupancy Rate – 56%
• Average Revenue – $66.8K per year
• Average Daily Rate – $327.4 per night
• Average RevPAR – $170.3

Convenience - 8/10

North Mountain boasts a prime location with easy access to major highways, connecting residents and visitors to the rest of the Phoenix metropolitan area. The neighborhood features a variety of shops, restaurants, and services, ensuring that most daily needs can be met within a short drive. Public transportation options, including bus routes and light rail, provide additional convenience for those looking to explore the city.

Tourist Attractions - 7/10

While North Mountain itself is primarily a residential area, its proximity to popular attractions such as the Phoenix Mountains Preserve, Piestewa Peak, and the North Mountain Visitor Center makes it an appealing base for outdoor enthusiasts. Visitors can explore the area's hiking trails, enjoy scenic drives, and take in the stunning desert landscape. The nearby Sunnyslope neighborhood also offers a variety of local shops, galleries, and restaurants for those seeking a taste of the area's unique character.

Things to Do - 8/10

North Mountain offers a wide range of activities for residents and visitors alike. The Phoenix Mountains Preserve provides over 20,000 acres of hiking, biking, and horseback riding trails, showcasing the beauty of the Sonoran Desert. The North Mountain Visitor Center offers exhibits, guided hikes, and educational programs for those looking to learn more about the area's natural history and ecology. Golf enthusiasts can enjoy nearby courses, while those seeking a night out can explore the surrounding neighborhoods' vibrant dining and entertainment scene.

Average Home Prices - 7/10

As of March 2024, the typical home value in North Mountain is $374,669, representing a modest 0.5% increase over the past year. While prices are slightly higher than the Phoenix average, North Mountain's desirable location, stunning views, and strong rental potential justify the investment for many buyers. Zillow predicts a 6.3% increase in home values over the next year, indicating a positive outlook for the neighborhood's real estate market.

Proximity to Work-Related Travel - 8/10

North Mountain's central location puts it within easy reach of major employment centers, hospitals, and the Phoenix Sky Harbor International Airport. The neighborhood's proximity to Interstate 17 and State Route 51 makes it a convenient choice for professionals who frequently travel for work or attend events at nearby venues such as the Phoenix Convention Center.

X-Factor - 9/10

North Mountain's unparalleled combination of urban amenities and natural beauty sets it apart. The neighborhood's stunning mountain views, hiking trails, and dark sky areas provide a serene escape from the bustle of city life, while its growing array of local businesses and a strong sense of community create a welcoming atmosphere. With its unique character, convenient location, and strong potential for appreciation, North Mountain presents an exciting opportunity for Airbnb and short-term rental investors looking to capitalize on the Phoenix market.