In my experience the rental market in Peoria has been stable. It is a desirable city in the Northwest Valley that typically commands higher rents than neighboring cities like Glendale, Surprise and Phoenix. However you should also expect to pay slightly more for homes in Peoria than in Glendale, Surprise or Phoenix.
As I write this there are 743 single family homes currently available for sale in Peoria, including 163 bank owned/foreclosures; 192 short sales/pre-foreclosures; and 16 HUD homes. There were 1,048 closed transactions within the past 90 days.
Peoria has top-rating schools, which is something that renters with children usually consider important. Also the Peoria Sports Complex receives the San Diego Padres and Seattle Mariners during the spring training season, which also helps drive rental activity.
You can check a list of single family homes for sale in Peoria at:
Please feel free to contact me if you would like more information about the area or would like to see homes in the area.
Have a nice Sunday!
Jose Dias, REALTOR
Realty One Scottsdale
home to However the city is currently going through a redistricting
In comparison, Glendale has 850 homes for sale, including 262 bank owned/foreclosures.