Everything you need to know before buying a condo in Downtown Phoenix, Old Town Scottsdale, Tempe Town Lake, or anywhere in the Phoenix metro — from HOA reserve funds and warrantability to STR rules and Ryan's condo buyer checklist.
The Phoenix metro condo market in 2026 offers something that was rare just a decade ago: genuine urban lifestyle options in a historically suburban metro. Downtown Phoenix has transformed into a walkable, light-rail-connected urban core with a restaurant scene, arts district, professional sports venues, ASU's downtown campus, and a growing concentration of medical and technology employers. Old Town Scottsdale offers resort-adjacent luxury condo living with world-class dining and nightlife. Tempe Town Lake has produced a waterfront district that feels more like a coastal city than a desert suburb. Downtown Chandler adds a small-city boutique character. And the Biltmore area delivers exclusive mid-rise living within a historic, meticulously maintained urban environment.
For buyers, condos deliver several advantages: lower price points than comparable single-family homes, zero exterior maintenance, lifestyle amenities (pools, fitness centers, rooftop decks, concierge services in luxury buildings), walkability, and in many cases strong rental demand that makes them attractive investment vehicles. But condos also carry unique risks — HOA financial health, warrantability for financing, reserve fund adequacy, rental restrictions, and pending litigation — that don't exist with single-family homes. This guide covers all of it.
The downtown Phoenix condo market centers on several distinct nodes: the Roosevelt Row arts district with its converted industrial lofts and newer mid-rise towers, the CityScape / Chase Field corridor with high-rise luxury buildings, and the Central Avenue corridor connecting downtown to Midtown. Downtown Phoenix benefits from ASU's presence (the largest public university in the US is headquartered downtown), Banner Health's major medical campus, and an expanding tech and finance sector. Light rail provides car-optional transportation to Tempe, Mesa, and Sky Harbor Airport. STR demand is strong around major events at Chase Field, Footprint Center, the convention center, and concerts at venues throughout the Roosevelt Row / Grand Avenue district.
Old Town Scottsdale condos range from well-maintained 1980s-era mid-rise buildings on the lower end to ultra-luxury high-rises with concierge, valet, and resort-quality amenities at the top. The area sits at the intersection of desert luxury real estate and walkable urban lifestyle — galleries, restaurants, Fashion Square, and proximity to the greenbelt and canal trail system. Biltmore-area condos in Phoenix (along Camelback Road / 24th Street corridor) occupy one of the most historically prestigious addresses in Arizona, with mature landscaping, hotel/resort adjacency, and a quieter urban feel than Old Town.
Tempe Town Lake created one of the most desirable condo submarkets in the Phoenix metro. Waterfront condos along the lake deliver views and lifestyle amenities impossible to replicate elsewhere in the desert. Downtown Tempe adds ASU proximity, Mill Avenue restaurants and entertainment, and light rail connectivity. The combination of university adjacency, waterfront setting, and urban amenities makes Tempe condos extremely liquid — they attract both owner-occupants and investors targeting short-term and corporate rental demand.
Downtown Chandler and the adjacent Heritage District in Gilbert represent the East Valley's urban lifestyle alternatives to Phoenix and Scottsdale. Smaller-scale buildings, boutique character, and a more neighborhoodly feel. Chandler's tech corridor — Intel Fab 52/62 and dozens of tech company campuses — generates strong corporate housing demand. Downtown Chandler condos near the Dr. A.J. Chandler Park area attract young professionals working in the tech sector who want walkable urban living with suburban metro convenience.
| Submarket | Entry-Level (Studio/1BR) | Mid-Range (1BR/2BR) | Upper Range (2BR+/Luxury) | Avg HOA Fee Range | Investment Potential |
|---|---|---|---|---|---|
| Downtown Phoenix — Core | $280,000–$360,000 | $360,000–$540,000 | $540,000–$900,000 | $300–$650/mo | High STR demand; event-driven occupancy |
| Roosevelt Row / Arts District | $260,000–$330,000 | $330,000–$480,000 | $480,000–$700,000 | $250–$500/mo | Creative economy; STR popular; artist community |
| Old Town Scottsdale | $420,000–$580,000 | $580,000–$950,000 | $950,000–$3,500,000+ | $500–$2,500/mo | Strong luxury STR; resort adjacency premium |
| Biltmore / Camelback Corridor | $380,000–$520,000 | $520,000–$800,000 | $800,000–$2,000,000+ | $450–$1,800/mo | Prestige address; long-term rental and STR |
| Tempe Town Lake | $320,000–$440,000 | $440,000–$650,000 | $650,000–$900,000 | $350–$700/mo | Waterfront premium; ASU-adjacent demand |
| Downtown Tempe (non-lakefront) | $260,000–$360,000 | $360,000–$520,000 | $520,000–$700,000 | $250–$500/mo | Strong long-term and STR; ASU market |
| Midtown Phoenix / Uptown | $220,000–$320,000 | $320,000–$480,000 | $480,000–$700,000 | $250–$550/mo | Medical district; stable long-term rental demand |
| Downtown Chandler | $260,000–$350,000 | $350,000–$500,000 | $500,000–$650,000 | $200–$420/mo | Intel corridor; corporate housing demand |
| Scottsdale — North (mid-rise) | $350,000–$500,000 | $500,000–$800,000 | $800,000–$2,000,000 | $450–$1,200/mo | High-end resorts; snowbird market; golf communities |
| Mesa / East Valley (general) | $180,000–$280,000 | $280,000–$380,000 | $380,000–$520,000 | $150–$380/mo | More affordable; value-focused; long-term rental |
HOA fees are one of the most misunderstood aspects of condo ownership. Buyers sometimes shop condos by sticker price without adequately accounting for HOA fees — which add $200 to $2,500+ to your monthly housing cost. Understanding what HOA fees cover, and what a reasonable fee looks like for the building type, is essential for accurate affordability calculations.
| Building Type | Typical HOA Range | What's Typically Included | What's Usually Extra |
|---|---|---|---|
| Low-rise 2-story (1970s–1990s) | $150–$300/mo | Exterior maintenance, landscaping, pool, basic insurance | Water (sometimes metered separately), storage, parking beyond 1 space |
| Garden-style mid-rise (3–5 stories) | $250–$500/mo | All above + elevator maintenance, security entry, covered parking | Premium parking, storage units, pet fees |
| High-rise urban tower (6–20+ stories) | $500–$1,200/mo | All above + concierge, fitness center, rooftop amenities, building staff, all utilities sometimes included | Parking premium levels, private storage, additional amenities fees |
| Luxury high-rise (Scottsdale/Biltmore) | $900–$2,500+/mo | All of the above + valet, resort-style pool, private wine storage, guest suites, 24/7 concierge | Very little — most amenities included in fee |
| Live/Work loft conversion | $250–$550/mo | Building maintenance, common areas, security; varies widely by project | Varies greatly — review CC&Rs carefully |
| New construction condo tower (2020s) | $450–$900/mo | Modern amenities; well-funded reserves built in from start; smart building systems | Parking premiums are common in new towers ($50–$200/mo per space) |
HOA fee impact on purchasing power: A $500/month HOA fee reduces your purchasing power by approximately $85,000–$95,000 compared to a single-family home with no HOA (using conventional lending at current rates). Factor HOA fees into your total housing budget, not as an afterthought. When comparing a $450,000 condo with a $550/month HOA to a $530,000 townhome with a $200/month HOA, the total monthly cost is often comparable — but the condo's sticker price looks much lower.
Warrantability is one of the most critical and least understood concepts in condo financing. A "warrantable" condo can be financed with conventional Fannie Mae/Freddie Mac loans, FHA loans, or VA loans — the mainstream financing products most buyers use. A "non-warrantable" condo fails one or more guidelines required for those loan types and must be financed through portfolio lenders, private lenders, or other non-agency products at potentially higher rates and with different terms.
| Non-Warrantability Trigger | Threshold | Why It Matters | How to Check |
|---|---|---|---|
| Investor concentration — too many rentals | More than 35% of units are investor-owned/rented (Fannie Mae); more than 50% for some programs | High investor concentration signals transient population, potential for rapid HOA fee increases, and reduced community stability | Ask HOA for owner-occupancy ratio; ask listing agent |
| Single-entity ownership concentration | One person or entity owns 10%+ of units (for projects with 21+ units) | Concentrated ownership creates conflicts of interest in HOA governance and can destabilize the project | HOA records; title report |
| Active litigation against HOA or building | Any pending or active litigation involving structure, common areas, or project defects | Litigation can result in large judgments against the HOA, leading to special assessments on all owners | Request HOA litigation disclosure; review HOA meeting minutes |
| HOA delinquency rate | More than 15% of units delinquent on HOA dues | High delinquency means HOA has reduced income to maintain the property, fund reserves, and pay insurance | Ask HOA for delinquency report |
| Commercial space concentration | More than 35% of total floor area is non-residential commercial space | High commercial concentration changes the building's character and creates mixed-use financing complications | Review building floor plans; HOA documents |
| Under-funded reserves | Reserve fund below 10% of annual assessment income (Fannie Mae threshold) | Insufficient reserves mean major repairs must be funded through special assessments on owners | Request reserve study and most recent financial statements |
| Hotel / motel / STR operation | Building operates as a hotel, motel, or time-share, or HOA participates in a mandatory rental pool | Commercial rental pool operations are not eligible for residential financing | Review HOA docs and CC&Rs |
FHA maintains its own approved condo list (searchable at HUD.gov) separate from Fannie/Freddie warrantability. FHA condo approval has additional requirements: the project must be on FHA's approved list OR qualify for a "Single Unit Approval" (FHA spot approval) if the project itself is not approved. FHA spot approvals allow buyers to use FHA financing on a single unit even if the overall project is not on the approved list, subject to the project meeting FHA's basic requirements. The spot approval process adds approximately 1–3 weeks to the transaction.
VA maintains a separate VA-approved condo list at VA.gov. For condos not on the approved list, VA also has a spot approval process (similar to FHA's), which your lender initiates. VA condo approvals evaluate the project against VA's MPR requirements and financial health standards. The approval must be active — VA approvals can expire, and the condo project must be in good standing. Before making any offer as a VA buyer on a condo, confirm VA approval status through the VA website.
If you want to buy a condo that doesn't qualify for conventional, FHA, or VA financing, you have options — but they come with different terms and requirements:
Portfolio lenders (typically banks and credit unions) make loans they keep on their own books rather than selling to Fannie/Freddie. Because they're not bound by agency warrantability guidelines, they can lend on non-warrantable condos. Portfolio loans for non-warrantable condos in Phoenix typically carry:
Debt Service Coverage Ratio (DSCR) loans qualify based on rental income rather than personal income — the property must generate sufficient rent to cover the debt service. For condo investors purchasing non-warrantable units in Phoenix metro, DSCR loans are a common financing vehicle. Key characteristics:
For distressed condo acquisitions, fix-and-flip condos, or situations where conventional and portfolio lending isn't available, hard money and private lending can bridge the gap. These are short-term (6–24 month) loans at higher rates (9%–14%+ in 2026) but close quickly and have minimal documentation requirements. The expectation is that the borrower will refinance to long-term financing (portfolio loan or DSCR) after stabilization.
The HOA is one of the single most important factors in a condo purchase — and yet many buyers spend more time choosing paint colors than reviewing HOA documents. In Arizona, the contract process gives buyers the right to review HOA documents and cancel without penalty within a specific review period. Here is everything you should request and review:
Arizona's Planned Communities Act and Condominium Act (ARS §§33-1200 et seq. and 33-1800 et seq.) govern condo HOAs in Arizona. Key provisions buyers should know:
Inadequate reserve funds are the most common and most costly mistake condo buyers make in Phoenix. The reserve fund is the savings account the HOA maintains to pay for major capital expenditures: roof replacement, elevator modernization, pool resurfacing, parking structure repair, HVAC replacement for common areas, and other large non-routine expenses.
The reserve study will show the "percent funded" — how much money is currently in the reserve fund compared to what should ideally be there based on the depreciation schedule of major components. Industry standards from the Community Associations Institute (CAI) suggest:
| Reserve Fund Status | Percent Funded | Risk Level | What It Means for Buyers |
|---|---|---|---|
| Fully Funded / Strong | 70%–100% | Low | HOA can handle major repairs without special assessments; stable financial position |
| Adequate | 50%–70% | Moderate | Likely OK for near-term, but watch for major component replacements approaching |
| Weak | 30%–50% | Elevated | Special assessments likely if major component fails; price accordingly or negotiate credit |
| Critical | Under 30% | High | Special assessment nearly certain in near term; major deferred maintenance likely visible; may be non-warrantable |
| Severely Underfunded | Under 10% | Very High | Immediate financial crisis risk; walk away unless price reflects risk and financing is available |
Special assessment risk is real: A Phoenix downtown condo building with a 20-year-old roof in a 15-story tower might face a roof and facade restoration project costing $3–5 million. Split among 200 owners, that's $15,000–$25,000 each — either paid as a lump-sum special assessment or financed through an HOA loan that increases monthly fees. If the reserve fund is inadequate, this bill lands on you after closing. Always read the reserve study and know what major components are approaching end-of-life before purchasing.
Phoenix metro condo buyers interested in STR (Airbnb/VRBO) income face a two-layer legal analysis: state law and HOA CC&Rs. Understanding both is essential.
Arizona's short-term rental preemption statute (ARS §9-500.39) prevents municipalities from outright banning short-term rentals. The City of Phoenix, City of Scottsdale, City of Tempe, and other municipalities CANNOT make it illegal to do a short-term rental in a residential unit. However, cities CAN regulate STRs through:
While the state preempts city STR bans, HOA CC&Rs operate in a different legal sphere. Condominium HOAs can legally prohibit or restrict STRs within their buildings through CC&R provisions — and many Phoenix metro condo HOAs do exactly that. Common HOA STR restrictions include:
Before purchasing any condo as an STR investment, have your agent request the full CC&Rs and specifically review rental restriction provisions. If the CC&Rs prohibit rentals under 30 days or less, your Airbnb strategy is blocked regardless of state law.
High STR usage rates in a condo project can trigger the investor concentration non-warrantability issue. If more than 35% of units are being used for STR (counted as non-owner-occupied), the project may become non-warrantable — limiting future buyers' financing options and potentially depressing resale values. Buyers purchasing STR-friendly condos should consider long-term resale implications of high investor concentration in the building.
For investors targeting the Phoenix condo market specifically for STR income, here is a realistic analysis of what the numbers look like in 2026:
| Unit Type | Purchase Price | HOA Fee | Estimated Gross STR Revenue | Avg Occupancy | Est. Net Operating Income | Cap Rate (Approx) |
|---|---|---|---|---|---|---|
| Studio / Downtown Phoenix | $295,000 | $350/mo | $2,800–$3,500/mo | 65%–75% | $14,000–$18,000/yr after HOA + mgmt | 4.7%–6.1% |
| 1BR / Downtown Phoenix | $380,000 | $420/mo | $3,500–$4,500/mo | 65%–72% | $18,000–$24,000/yr after HOA + mgmt | 4.7%–6.3% |
| 2BR / Old Town Scottsdale | $620,000 | $650/mo | $5,500–$8,000/mo | 70%–80% | $28,000–$42,000/yr after HOA + mgmt | 4.5%–6.8% |
| 1BR / Tempe Town Lake | $440,000 | $480/mo | $3,800–$5,200/mo | 68%–76% | $20,000–$28,000/yr after HOA + mgmt | 4.5%–6.4% |
| 2BR / Downtown Chandler | $380,000 | $300/mo | $2,800–$3,800/mo | 60%–70% | $14,000–$20,000/yr after HOA + mgmt | 3.7%–5.3% |
Note: Revenue estimates are illustrative based on 2026 market conditions and assume STR is permitted by CC&Rs and compliant with all local registration requirements. Net figures assume ~30% management and platform fees, cleaning costs, and utilities. Cap rates do not include mortgage debt service. Always conduct independent due diligence using actual AirDNA or Rabbu data for specific buildings.
Arizona has a right-to-repair statute (ARS §12-1361) that establishes warranty periods for new construction: 10 years for structural defects, 8 years for mechanical systems defects, and 1 year for workmanship defects. However, for condominiums specifically, Arizona does not impose a blanket implied warranty on new construction the way some states do — the purchase contract and developer-provided warranty documents govern what is warranted and for how long.
Condo insurance (HO-6 policy) is different from standard homeowner's insurance and is one of the most frequently misunderstood aspects of condo ownership. Understanding the relationship between your individual HO-6 policy and the HOA's master insurance policy is critical for every condo buyer in Phoenix.
The HOA maintains a master property insurance policy covering the building structure and common areas. But what the master policy covers varies significantly by project — specifically whether it is an "all-in" or "bare walls" policy:
| Policy Type | What HOA Policy Covers | What Your HO-6 Must Cover |
|---|---|---|
| All-In (also called "all-inclusive" or "single entity") | Building exterior, common areas, AND unit interiors including fixtures, flooring, cabinetry, built-in appliances back to original developer specifications | Your personal property (furniture, electronics), improvements above original specs, liability, loss of use |
| Bare Walls (also called "bare stud" or "walls-in") | Building exterior and common areas only — stops at the unfinished interior wall surface (drywall, concrete, studs) | Everything inside: flooring, cabinetry, countertops, appliances, plumbing fixtures, electrical fixtures, personal property, improvements, liability, loss of use |
| Single Entity (middle ground) | Original-spec finishes within the unit as built by developer; common areas and structure | Upgrades above original specs, personal property, liability, loss of use, betterments and improvements |
Always request the HOA's master insurance certificate and determine which type of policy applies before closing. A bare walls master policy requires significantly more HO-6 insurance coverage — your agent can help you connect with an insurance broker who specializes in Arizona condo coverage. HO-6 premiums in Phoenix metro for a typical condo unit range from $300–$1,200 per year depending on coverage type, building location, and unit value.
One HO-6 coverage option that is extremely important in condos and often overlooked: loss assessment coverage. If the HOA suffers a loss that exceeds its master policy limits (or for a covered peril), it can levy a special assessment against all owners to cover the shortfall. Loss assessment coverage on your HO-6 policy pays your share of such assessments up to the policy limit — typically available for $10,000–$50,000 in coverage for a small premium addition. In Arizona, where monsoon storms and extreme heat can cause significant building damage, loss assessment coverage is a wise addition to any condo HO-6 policy.
Many buyers use "condo" and "townhome" interchangeably, but they are legally distinct property types with important differences in ownership structure, HOA dynamics, and financing options:
| Factor | Condominium | Townhome |
|---|---|---|
| What You Own | Airspace inside the unit walls; undivided interest in common elements | The structure itself from roof to foundation, plus a small lot; common areas are shared |
| HOA Coverage | HOA typically insures and maintains building exterior and common areas | Owner may be responsible for exterior maintenance (varies by CC&Rs) |
| Financing | Subject to warrantability rules; condo project approval required | Treated more like single-family for financing; fewer warrantability restrictions |
| Privacy | Shared walls above, below, and/or to sides; less privacy | Typically no neighbors above or below; only side-wall sharing |
| Outdoor Space | Typically none or limited (balcony/patio) | Often has small patio, yard, or private outdoor space |
| Typical Structure | Multi-story building; unit is one floor or portion of building | Multi-level unit with own exterior entrance; often 2–3 stories |
| HOA Fee Structure | Often higher — covers more building infrastructure | Often lower — owners responsible for more individual maintenance |
| FHA/VA Eligibility | Must be on approved list or get spot approval | Treated as single-family; generally no project approval required |
In the Phoenix metro, some projects marketed as "townhomes" are legally condominiums — the ownership structure in the recorded plat determines the legal classification, not the physical building type. Always confirm the legal title type (condominium vs. planned community/PUD) with your lender before assuming which financing rules apply.
Living in shared-wall housing is a lifestyle adjustment for buyers coming from single-family homes. Phoenix metro condo buyers should evaluate several factors related to neighbor proximity before committing to a specific unit:
Condos can be excellent investments, but resale can be more complicated than single-family homes due to the warrantability and project approval issues discussed above. When buying a condo, think like a seller from day one:
Arizona is a title insurance state — buyers should always obtain an owner's title insurance policy at closing. For condos, title examination includes not just the unit itself but also the recorded CC&Rs, recorded liens, any recorded special assessments, the original declaration of condominium, and any amendments to the project's governing documents. Your title company's examination will confirm that the seller has clear title to the unit and that all HOA obligations are current. Key title considerations specific to condos:
A few Phoenix-specific factors that affect the condo market in ways that differ from other major US metros:
Arizona's extreme heat creates unique building maintenance demands. Exterior surfaces, HVAC systems, roofing materials, and pool equipment all face accelerated wear from sustained 110°F+ summer temperatures and intense UV radiation. Condo buyers should specifically ask about: the age and condition of the building's central HVAC system (in buildings with shared systems), the roof and waterproofing membrane condition (flat roofs on older buildings require periodic re-coating), the condition of exterior stucco, tile, and sealants (thermal expansion and contraction causes significant long-term stress), and pool/spa mechanical system maintenance history.
Arizona's monsoon season (typically June 15 – September 30) brings intense but brief desert storms with high winds, dust, and heavy rain concentrated in short bursts. For older condo buildings, monsoon-related water intrusion at windows, sliding doors, and balcony transitions is a common maintenance issue. Ask the HOA about any history of water intrusion complaints or repairs — particularly in buildings built before 2000 that may have older window and door sealing systems.
A significant percentage of Phoenix metro condo owners are seasonal residents ("snowbirds") who live in the unit from October through April and either rent it or leave it vacant from May through September. Buildings with high snowbird concentrations can feel empty in summer — which affects community vibrancy, HOA board participation, and the overall "feel" of the building. If year-round community engagement is important to you, look for buildings near employment centers (downtown Phoenix, Scottsdale, Tempe) that attract year-round residents rather than purely resort/leisure-oriented buildings.
To make the financing concepts concrete, here are four realistic condo buyer scenarios in the Phoenix metro in 2026 and how each would approach financing:
Buyer wants a 1-bedroom condo near ASU's downtown campus. Price range: $350,000–$420,000. Strong credit (740 FICO), income of $85,000/yr, small savings. The target building has been FHA-approved for 3 years. Best path: FHA 3.5% down ($14,700 on $420K) with a 30-year fixed. Monthly: ~$2,450 P&I + $420 HOA + $355 FHA MIP = ~$3,225/month all-in before taxes. Alternative: Conventional 5% down ($21,000) to avoid the FHA MIP for life — though PMI applies until 20% equity. Over time, conventional wins if the buyer stays 5+ years. FHA makes sense if the buyer plans to move in 3–4 years and the MIP savings outweigh the lower down payment convenience of staying FHA.
Veteran with full VA entitlement wants a 2BR lakefront condo. Price: $650,000. The building is NOT currently on the VA approved list. Options: (a) Ask the lender to initiate a VA spot approval — adds 2–4 weeks but preserves zero-down VA financing and no PMI; (b) Use conventional financing with 10% down ($65,000) if spot approval is not feasible in the timeline; (c) Ask seller for a contract extension to allow VA approval time. The spot approval is always worth pursuing first — saving the down payment and eliminating PMI on a $650,000 loan is worth the extra 3 weeks.
Experienced investor wants a 1BR unit in an Old Town Scottsdale building known for STR success. The CC&Rs allow STR. Price: $520,000. The building has 48% investor concentration — non-warrantable for Fannie/Freddie. Best path: DSCR loan at 25% down ($130,000). Projected gross STR revenue: $5,000–$6,500/month at 70% occupancy. PITIA (mortgage + HOA + taxes + insurance): ~$3,800/month. DSCR = $5,000 / $3,800 = 1.32 — meets most lenders' minimums. DSCR loan rate approximately 7.50%–8.25% in 2026. Net annual cash flow estimate: $12,000–$20,000 after all expenses at target occupancy. ROI depends heavily on actual occupancy and STR management quality.
Retired couple from the Midwest wants to buy a winter home in North Scottsdale. Budget: $700,000–$900,000. Paying cash, no financing. No warrantability concerns — cash purchases bypass all agency financing rules entirely. Key due diligence for cash buyers is even more critical since there's no lender review to catch issues: independent home inspection, reserve study review, HOA litigation check, and title review are all entirely the buyer's responsibility. Cash buyers should still hire a buyer's agent — I've seen experienced cash buyers skip due diligence on condo purchases with costly consequences.
| Loan Product | Typical Rate Range (Mid-2026) | Best For |
|---|---|---|
| Conventional 30-yr fixed (warrantable condo) | 6.50%–7.00% | Buyers with 5–20%+ down, 620+ credit, warrantable project |
| FHA 30-yr fixed (FHA-approved condo) | 6.25%–6.75% | Lower credit scores, 3.5% down, FHA-approved buildings |
| VA 30-yr fixed (VA-approved condo) | 6.00%–6.50% | Veterans, zero down, VA-approved or spot-approvable buildings |
| Portfolio loan (non-warrantable condo) | 7.00%–7.75% | Non-warrantable projects; owner-occupied or second home |
| DSCR loan (investment condo) | 7.50%–8.50% | STR or long-term rental investment; no income verification |
Property taxes on condos in Arizona are assessed by Maricopa County based on the unit's Limited Cash Value (LCV) — a county-assessed value that is typically 60–80% of actual market value. The tax rate applied to residential condos is the same owner-occupied residential rate as single-family homes when the unit is your primary residence. For investment condos, the rental/commercial classification applies at a slightly higher rate. Key Arizona condo tax facts for 2026:
Condos require more due diligence than single-family homes — but they're excellent investments when you know what to look for. I've helped buyers navigate Downtown Phoenix, Old Town Scottsdale, Tempe Town Lake, and Chandler condo markets. Let's find the right building for your goals.
Start My Condo SearchRyan Moxley · (480) 227-9143 · ryan@moxleycollective.com · My Home Group · ADRE SA643872000