By Angela Gonzales | Phoenix Business Journal
Metro Phoenix currently has 3,252 single-family homes available for sale and a total of 2,365 single-family homes for rent for a total of 5,617 units available, said Keith Burton, Realtor with The Rider Elite Team in Scottsdale.
“This converts to 42% of homes available for rent,” he said.
There are an estimated 1.5 million renters in Maricopa County, Burton said.
“Of that, an estimated 497,000 of those renting had a 640 credit or better,” he said. “This is a huge number when looking at how many people are waiting for homes to be built or come available on the market.”
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Related: Single-Family Rental Rates Here are Twice the National Average