The Greater Phoenix RENT Check™ statistical data comes from the Arizona MLS (ARMLS) monthly publication highlighting Phoenix Valley’s residential single family home rental market.
This rental home report features the Rent Check Quotient™ (RCQ™) derived by dividing the number of leases by the number of closed home sales as reported in STAT. Elevated lease activity is stoked by high foreclosures, which turn home owners into renters, and investor sales into rentals rather than owner occupied houses.