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Arizona
Grade: A
Low Risk
Primary Market

Phoenix-Mesa-Chandler

Senior Housing Market Analysis & Investment Intelligence

View Listings

Overall Score

88

Demographics

92

Economics

85

Supply/Demand

84

Competition

78

892K

Population 65+

87.2%

Occupancy Rate

$4.8K

Avg Monthly Rate

6.1%

Cap Rate

Investment Thesis

Phoenix represents one of the most compelling senior housing investment opportunities in the US, driven by exceptional demographic tailwinds and sustained in-migration from higher-cost coastal markets.

Key Market Highlights

  • Fastest-growing 65+ population in the US
  • Strong in-migration from California retirees
  • Favorable tax environment for seniors
  • Year-round warm climate driving demand

Top Operators in Market

Brookdale
Five Star
Watermark Retirement

Investment Opportunities

  • Memory care undersupplied
  • Active adult segment growing
  • Value-add repositioning

Risk Factors

  • Water scarcity concerns
  • Summer heat operational challenges
  • Increasing competition

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