Phoenix

As of May 2026, Phoenix, Scottsdale, Sedona, Flagstaff have 19,892 active Airbnb and VRBO listings. This represents a 5% decrease from the previous year.

The average Airbnb or VRBO in Phoenix generates $52K per year. High-performing properties earn $149K/year, while low-performing properties earn $18K/year. The massive earnings gap suggests that revenue is heavily concentrated in specialized assets, as the market struggles with an overall 39% occupancy rate.

Average home prices in Phoenix vary by property size: 1-bedroom properties cost approximately $224K, 2-bedroom homes average $332K, 3-bedroom properties are around $436K, and 4+ bedroom homes average $535K. These prices reflect median home values across the Phoenix, Scottsdale, Sedona, Flagstaff area.

Airbnb and VRBO can be profitable in Phoenix, with an average gross yield of 10% across all properties. High-performing properties achieve yields up to 29%, which is considered top for short-term rental investment. This spread indicates that top-tier properties successfully capture premium pricing despite the broader 39% occupancy ceiling.

The average occupancy rate for Airbnbs and VRBOs in Phoenix is 39%. This occupancy level, combined with an average nightly rate of $327, results in a RevPAR (revenue per available room) of $104 per day.

4+ bedroom properties demonstrate the strongest performance in Phoenix, with an average gross yield of 15% and annual revenue of $94K. These properties balance purchase price ($535K), operating costs, and rental demand most effectively in the Phoenix market.

Short-term rental regulations vary by jurisdiction in the Phoenix area. Phoenix: Lenient. Business license required, sales tax registration. Minimal enforcement, many unlicensed operators. Scottsdale: Moderate. Business license, sales tax permit, residential zoning restrictions. Complaint-driven enforcement. Sedona: Strict. Conditional use permit required, owner-occupancy mandate, strict residential zoning. Active enforcement with violations. Flagstaff: Strict. Special use permit mandatory, owner-occupancy required, density limits by zone. Active code enforcement. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Phoenix Airbnb and VRBO market is currently showing balanced with strong demand conditions. Supply has declined 5% year-over-year, while RevPAR has increased 4%. This indicates healthy demand growth outpacing supply, suggesting that recent inventory contraction is supporting pricing power for existing operators.

Launch around December, 2-3 months before peak spring season (March peaks). This pre-peak timing lets you build reviews when competition is 52% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (July-August) when gaining traction is harder.

The most common amenities in Phoenix listings include: Air Conditioning (100%), Kitchen (95%), Washing Machine (91%), Tv (86%), Pool (72%). Amenities that boost revenue the most include Pool, Hot Tub, Washing Machine, with Pool properties earning approximately 66% more ($77K/year vs $46K/year).

Monthly estimated revenue per listing in Phoenix over the last 12 months: May: $2K, June: $2K, July: $2K, August: $2K, September: $1K, October: $2K, November: $3K, December: $3K, January: $3K, February: $5K, March: $7K, April: $4K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Phoenix is $327, up 15% year-over-year. By property size: 1-bedroom properties average $135/night, 2-bedroom properties average $189/night, 3-bedroom properties average $279/night, 4+ bedroom properties average $560/night. Rates peak in March and are lowest in July.

Guests in Phoenix book an average of 37 days in advance, down 5% from last year. By property size: 1-bedroom: 26 days, 2-bedroom: 31 days, 3-bedroom: 38 days, 4+ bedroom: 45 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Phoenix Airbnb and VRBO market has seen the following changes: supply declined 5%, revenue per listing increased 4%, occupancy fell 7%, average nightly rates increased 15%, and lead time decreased 5%. These shifts demonstrate that operators are prioritizing higher nightly rates over volume, despite the resulting decline in utilization.

In Phoenix, Friday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Friday and are lowest on Monday. Weekends show 31% higher occupancy than weekdays.