The Future of Mid-Term Rentals in the East Valley of Phoenix The rental market in the East Valley of Phoenix—which includes vibrant communities like Mesa, Chandler, Gilbert, Queen Creek, Gold Canyon, and Apache Junction—is experiencing a remarkable shift. While snowbirds have long been a cornerstone of the region’s rental market, new opportunities are emerging for mid-term rentals. These rentals, typically ranging from 30 days to 6 months, offer unique opportunities for property owners and meet the growing demand for flexible housing. What is Fueling the Mid-Term Rental Market in the East Valley?
- Remote Work Opportunities: As remote work continues to thrive, professionals are seeking temporary housing in desirable locations like the East Valley, which boasts a blend of urban amenities and suburban tranquility.
- Corporate Relocations: The East Valley is a growing hub for technology and healthcare companies, leading to an influx of employees on temporary assignments who require comfortable, fully furnished housing.
- Seasonal Travelers: Snowbirds escaping colder climates have been an integral part of the East Valley’s rental market for decades. Their preference for extended stays during the winter months has established a strong foundation for seasonal housing. Now, a new wave of mid-term renters—including retirees exploring Arizona, families transitioning between homes, and adventure seekers—are broadening the market.
- Life Transitions: Families relocating, individuals undergoing home renovations, and those seeking medical care at nearby facilities like Banner Health, the Mayo Clinic, or clinics in Apache Junction and Gold Canyon often prefer mid-term rentals for their flexibility.
- A Respectful Choice for Neighbors: With the controversy surrounding short-term rentals in some neighborhoods, mid-term rentals present a more respectful and neighbor-friendly alternative. These rentals tend to attract stable tenants and minimize frequent comings and goings, fostering a sense of community and reducing potential disruptions.
Benefits for Property Owners Mid-term rentals offer property owners in the East Valley several advantages:
- Higher Income Potential: Mid-term rentals typically yield higher monthly rates than long-term leases while requiring less turnover management compared to short-term rentals.
- Steady Demand: The East Valley’s growing economy and reputation as a lifestyle destination ensure a consistent flow of mid-term tenants.
- Lower Wear and Tear: With fewer turnovers than short-term rentals, properties experience less frequent use of utilities and furnishings.
Tips for East Valley Property Owners Considering Mid-Term Rentals
- Target Key Tenant Groups: Cater to remote workers, snowbirds, corporate professionals, and families in transition by offering amenities like high-speed internet, workspaces, and fully equipped kitchens.
- Focus on Location: Highlight proximity to local attractions such as the Superstition Mountains, Gold Canyon’s stunning trails, Downtown Gilbert’s entertainment district, or sports complexes like Bell Bank Park.
- Leverage the Right Platforms: Advertise your property on websites like Furnished Finder and Airbnb to reach potential tenants looking specifically for mid-term rental options.
- Understand Local Regulations: Familiarize yourself with municipal rules and homeowners’ association guidelines for rentals in your area to ensure compliance.
The Road Ahead for Mid-Term Rentals in the East Valley As lifestyle and work patterns continue to evolve, mid-term rentals are poised to become a cornerstone of the East Valley’s rental market. For property owners, this shift represents a unique opportunity to diversify their portfolio and cater to the growing demand for flexible, fully furnished housing. By choosing mid-term rentals, property owners can align with community values while unlocking new avenues for consistent income and long-term success in this thriving region.
About the Author Amy Mills is a local resident of the East Valley and the co-owner of Arizona Vacation Rental Company. She is also the broker-owner of AR Realty and has been a dedicated Realtor for over a decade. Amy’s deep knowledge of the local market and passion for helping property owners succeed make her a trusted voice in the evolving rental landscape. Written by Amy Mills from Arizona Vacation Rental Company
