Phoenix, Arizona Short-Term Rental Market Overview

Population: 1,608
Annual Visitors: 44,800,000
Total STRs: 8,479
ADR: $189.52

Visitor Profile

Phoenix, Arizona attracts a diverse array of visitors, with many coming for outdoor adventures, cultural experiences, and relaxing resorts. Adventure seekers often explore scenic mountain trails, particularly at destinations like the Desert Botanical Garden, which showcases the unique flora of the region and offers immersive experiences. Cultural travelers are drawn to museums, historic landmarks, and vibrant arts scenes that highlight the city’s rich history and contemporary arts.

Families and leisure travelers also flock to Phoenix for its family-friendly attractions and seasonal festivities, such as the Phoenix Zoo and ZooLights. For those seeking a curated experience, the official tourism resources like Visit Phoenix provide comprehensive guides to the city’s top attractions, outdoor activities, and culinary hotspots. Understanding these core visitor avatars can help short-term rental hosts tailor their offerings to meet the desires of those looking to explore the desert landscape, indulge in high culture, or simply unwind in sunny resorts.

Top Attractions

Phoenix, Arizona is a vibrant destination filled with captivating attractions that appeal to a broad spectrum of travelers. Visitors can explore stunning natural sites like Camelback Mountain and South Mountain Park, which offer breathtaking views and outdoor adventures, or delve into cultural and historical gems like the Heard Museum and the Desert Botanical Garden. The city’s art scene is thriving, with the Phoenix Art Museum showcasing impressive collections, while the Phoenix Zoo provides family-friendly fun with its diverse array of animals and exhibits. Whether you’re interested in scenic outdoor activities, cultural experiences, or relaxing retreats, Phoenix presents an enticing blend of natural beauty and dynamic entertainment.

Regulations

Phoenix, Arizona, has established a regulatory framework for short-term rentals that hosts must carefully navigate to operate legally and responsibly. Compliance typically involves securing the appropriate licenses, adhering to zoning regulations, and meeting health and safety standards, alongside fulfilling tax obligations. Understanding these layered requirements is essential for any host to ensure smooth operation, avoid penalties, and contribute positively to the community.

Key Regulatory Considerations:

Licensing and Permits: Hosts in Phoenix are required to obtain a short-term rental license from the City of Phoenix. This includes submitting an application, paying associated fees, and often renewing the license periodically. The licensing process helps the city monitor and enforce regulations effectively.

Primary Residence Requirements: Generally, Phoenix mandates that the property used for short-term rentals must be the host’s primary residence. This means the property should be the main home of the person renting it out. This requirement aims to maintain neighborhood integrity and limit commercial use of residential properties.

Zoning and Location: Not all areas in Phoenix are eligible for short-term rentals. Zoning ordinances precisely define where these rentals can operate, typically excluding certain residential neighborhoods or areas with restrictive covenants.

Occupancy, Health & Safety: The city enforces strict occupancy limits based on the size and type of the rental property. Mandatory safety measures include installing smoke detectors, carbon monoxide alarms, and fire extinguishers, ensuring guest safety and compliance with local codes.

Tax Obligations: Hosts must collect and remit transient occupancy taxes alongside any applicable sales taxes. Proper registration with city tax authorities and timely payment are crucial to avoid fines.

Operational Standards & Enforcement: Regulations also cover advertising transparency, noise restrictions, guest behavior, and quiet hours to reduce community disturbances. The city has mechanisms in place to address violations, which may result in fines, license suspension, or revocation.

For the most current and legally binding information, property owners should consult the City of Phoenix’s Official STR Regulations Page. This resource provides comprehensive guidance on licensing, compliance obligations, FAQs, and contact details for city departments overseeing short-term rental operations.

Phoenix, Arizona Market Performance Trends

LTM Avg. Daily Rate$182.00
LTM Occupancy Rate66.7%
LTM Avg. Revenue$2,500

Phoenix, Arizona Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:59.5% Booked
  • 4-6 Months:53.9% Booked
  • 7-9 Months:44.2% Booked
  • 10-12 Months:14.4% Booked

Cancellation Policies

  • Flexible:34.1%
  • Moderate:29.5%
  • Strict:33.7%
  • Super Strict:33.7%
  • N/A:0.9%

Minimum Stay

  • 1 Day:2,037
  • 2 Days:1,653
  • 3 Days:900
  • 4-6 Days:402
  • 7-29 Days:459
  • 30+ Days:490

Phoenix, Arizona Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Guest Rating Highlights

  • Overall Rating:4.75 / 5
  • Cleanliness:4.79 / 5
  • Location:4.79 / 5
  • Value:4.74 / 5
  • Accuracy:4.82 / 5
  • Check-in:4.86 / 5
  • Communication:4.86 / 5

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