The Metropolitan Phoenix Valley RENT Check™ statistical data is derived from ARMLS’s monthly report addressing the Phoenix residential single family home rental market.

This home leasing report features the Rent Check Quotient™ (RCQ™) which is the result of dividing the number of leases by the number of closed home sales as reported in STAT. Elevated lease activity is driven by high foreclosure volume, which turns would-be home owners into renters, and investor sales into rentals rather than owner occupied houses.

Click here to view the Valley’s latest single family home lease statistics.