By Brian Petersheim

Brian Petersheim

Currently finding a nice rental home in Maricopa for a great price with less than perfect credit is like finding a hidden treasure at a flea market. Supply of available rentals is extremely low, while demand has been high

To put the supply in perspective, the city of Maricopa currently has about 18,500 homes currently, but as of today’s date there are only 14 homes available for rent on the Arizona Regional MLS (plus eight furnished vacation rentals).

The rental homes are coming on the market, have multiple applicants within the first few days and are rented quickly — 96.3 percent of the homes are rented within 30 days.

There were 81 homes rented in the past three months in Maricopa. The average monthly rent was $1,350 for approximately 2,000 sq ft home.

 

CURRENT LISTINGS
Total number of homes for rent – 14
Rentals allowing pets – 5
Rentals with pools – 1
Short term/seasonal rentals – 8

Monthly lease prices of the 14 homes
$1151-1200—-1
$1201-1250—-3
$1251-1300—-1
$1301-1350—-1
$1351-1400—-7
$1401-1500—-0
$1500+———1

With the rental market as tight as it currently is with supply, a prospective tenant needs to put their best foot forward when applying to rent a home. These are some tips and tricks to help a tenant get into the rental home of their dreams and set them above the competition!

  1. Know what your credit report looks like before you find the home of your dreams.
  2. Attach reference letter from boss or previous landlord to application.
  3. Have your real estate agent reach out to the landlord’s real estate agent to confirm the house is still available and ask if there are any applications pending.
  4. Any Realtor can help you with rental listings.

If you are interested in purchasing a home for an investment property, please reach out.

Brian Petersheim-Realtor
Call/text 602-206-9644
[email protected]

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