Where to Buy Rental Properties in Arizona
Are you looking to buy rental property in Arizona but unsure where to start? Here are some suggestions to help you get going. I've been working in Arizona for years, and I love the relaxing vibes, beautiful weather, stunning nature, and the convenience of being close to incredible places like Antelope Canyon and the Grand Canyon. Inspired by all of this, I bought my first home there, started renting it out, and eventually expanded to more properties—leading to the establishment of a second office. If you're considering investment opportunities, I recommend exploring areas like Scottsdale, Downtown Phoenix, Arcadia, Tempe, and Casa Grande.
1. Scottsdale
Vibe: Upscale, Vibrant, Stylish
Scottsdale is renowned for its luxurious lifestyle, high-end shopping, and dynamic nightlife. Old Town Scottsdale buzzes with energy, offering art galleries, trendy restaurants, and boutique shops. In contrast, North Scottsdale showcases luxury resorts, world-class golf courses, and breathtaking desert landscapes. With its close proximity to outdoor gems like Camelback Mountain, Scottsdale appeals to both residents and visitors seeking a blend of sophistication and natural beauty.
2. Downtown Phoenix
Vibe: Urban, Artistic, Energetic
Downtown Phoenix has transformed into a cultural and entertainment hub. The Roosevelt Row Arts District (RoRo) stands out with its colorful murals, contemporary galleries, and eclectic eateries. Sports enthusiasts can catch events at Footprint Center and Chase Field, while foodies enjoy an ever-growing scene of trendy restaurants and craft breweries. With convenient light rail access, it's a magnet for young professionals and urban adventurers.
3. Arcadia (Phoenix/Scottsdale Border)
Vibe: Charming, Family-Friendly, Trendy
Arcadia strikes the perfect balance between suburban charm and modern convenience. Known for its lush greenery, spacious homes, and stunning Camelback Mountain views, the neighborhood attracts families and professionals alike. It boasts top-rated schools, vibrant local restaurants, and boutique shopping. Arcadia's warm, community-driven atmosphere blends traditional Phoenix living with contemporary style.
4. Tempe
Vibe: Youthful, Energetic, Diverse
Home to Arizona State University (ASU), Tempe thrives with a dynamic, youthful vibe. Mill Avenue is the city's bustling core, lined with lively bars, diverse restaurants, and unique shops. Outdoor enthusiasts flock to Tempe Town Lake for activities like kayaking, paddle boarding, and cycling. Tempe's blend of academic influence, cultural diversity, and vibrant nightlife makes it an exciting place to live, work, and play.
5. Casa Grande
Vibe: Growing, Community-Oriented, Peaceful
Nestled between Phoenix and Tucson, Casa Grande is a rapidly expanding city with a strong sense of community. It offers affordable housing, new developments, and a relaxed pace of life compared to larger metro areas. With the rise of industries and distribution centers, Casa Grande presents growing job opportunities while maintaining its small-town charm through local events, family-friendly neighborhoods, and outdoor recreation.