Goodyear, Arizona Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Goodyear, Arizona rental market.
Goodyear, Arizona
Average Apartment Rent
$1,699
Y-o-Y Change in Average
Apartment Rent
-3.8%
As of July 2024
Compared to a year ago, Goodyear, Arizona apartments have recorded a -3.8% rent decrease.
Goodyear, Arizona |Average apartment rent trend
Goodyear, Arizona| Average apartment rent
Goodyear, Arizona | Apartment rent ranges
At 59.34%, apartments priced $1,500 - $2,000 represent the bulk of Goodyear, Arizona rentals, while condos priced Over $2,000 hold the lowest share of the market – 12.01%.
Goodyear, Arizona | Housing tenure**
Renters take up 22% of Goodyear, Arizona real estate, occupying a total of 7,391 units, while homeowners live in 25,831 properties.
Median number of rooms of renter-occupied housing units**
4.8
Renter median household income**
$64,750
Average household size of renter-occupied housing units**
2.73
Rental vacancy rate**
7.3%
Goodyear, Arizona | Renter-occupied housing units by no. of bedrooms**
There are 2,280 rentals in Goodyear, Arizona with 3 beds making up the highest share of the market, at 31%. Units with 5 or more beds, on the other hand, hold the lowest percentage (6%), amounting to 409 units. Overall, the median number of rooms in Goodyear, Arizona homes for rent is 4.8.
Goodyear, Arizona |Renter-occupied units by age of householder**
Most condos for rent in Goodyear, Arizona are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 4%.
Goodyear, Arizona | Renter-occupied housing units by family type**
Goodyear, Arizona | Renter-occupied housing units by the presence of own children**
A total of 4,435 apartments for rent in Goodyear, Arizona, or 60% of all rentals are family households. Additionally, 39% of rental homes include children under the age of 18 – that’s 2,851 units. All in all, the median size of a renter-occupied household in Goodyear, Arizona is 2.73.
Goodyear, Arizona | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 27% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Goodyear, Arizona.
Goodyear, Arizona | Renter-occupied units by year structure built**
The highest share of Goodyear, Arizona apartment rentals, namely 41% or 3,002 units, were Built 2000 - 2009, followed by those Built 2010 - 2019 (25%, 1,826 units), and the ones Built 1990 - 1999 (17%, 1,286 units).
Goodyear, Arizona | Renter-occupied units by year householder moved in**
Median year renter moved into unit2019
Most Goodyear, Arizona renters (43%) moved in 2018 to 2020, while only 3% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Goodyear, Arizona condos for rent is 2019.
Goodyear, Arizona | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of Goodyear, Arizona renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 14% have 3 vehicles available.
Goodyear, Arizona | Means of transportation to work of householders living in renter-occupied housing units**
Goodyear, Arizona |Geographical mobility in the past year for householders living in renter-occupied housing units**
Goodyear, Arizona | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Goodyear, Arizona apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
