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MarketsArizonaShow LowRental Property Investment Guide

Rental Property Investment Guide: Show Low, AZ

Updated 2026 · Based on median market data for Show Low, AZ

Cap Rate
3.74%
Median Price
$390K
Rent/Mo
$1,770
1% Rule
0.45%
Fails

Market Snapshot

Show Low sits in the West with a population of 50,000 growing rapidly at 1.6% annually. The median home costs $390,000 while rents average $1,770/mo, producing an estimated cap rate of 3.74%. Cash flow investing here requires creative strategies like BRRRR or value-add approaches.

Who Should Invest Here

Show Low works best for experienced investors with a clear strategy — Section 8, student housing, or deep value-add rehabs. The 3.74% cap rate at median prices is tight, so success depends on buying below market, forcing appreciation through renovation, or accessing above-market rent streams through niche tenant bases.

Deal Criteria for Show Low

Target properties priced 15-25% below the $390,000 median — around $312,000 or less. At this price point with $1,770/mo rents, your cap rate improves to roughly 5.0%. Factor in 0.63% property taxes ($2,457/yr), budget 5% of gross rent for maintenance, and underwrite to a 5% vacancy rate. On a 20% down conventional loan at 7%, monthly PITI will run approximately $2,380.

Risks and Considerations

Higher price points mean more capital at risk and tighter cash flow margins — ensure you have adequate reserves. Every deal should be evaluated individually using our calculator tools. Median data provides a starting point; actual returns depend on the specific property, financing, and your management approach.

Next Steps

Run the numbers on a specific Show Low property using our cap rate calculator (pre-filled with Show Low data). Compare Show Low against similar markets in the West region. If you're considering a value-add approach, try our BRRRR calculator to model a rehab scenario.

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How Show Low Compares

Show Low vs Arizona state average and national average across key investment metrics. Show Low's cap rate is below both benchmarks — deal sourcing is critical here.

Metric
Show Low
Arizona Avg
National Avg
Cap Rate
3.74%
3.49%
3.81%
Median Price
$390K
$406K
$333K
Median Rent
$1,770
$1,709
$1,524
Property Tax
0.63%
0.63%
1.08%
Vacancy
5%
5%
5.6%
Pop. Growth
1.6%/yr
1.6%/yr
0.9%/yr

Nearby West Markets

City
Cap Rate
Price
Rent
Tax
Show Low, AZ
3.7%
$390K
$1,770
0.63%
The Dalles, OR
3.0%
$390K
$1,630
0.94%
Chico, CA
3.1%
$395K
$1,600
0.75%
Sonora, CA
2.8%
$385K
$1,460
0.75%
Cheyenne, WY
3.1%
$380K
$1,500
0.61%

Frequently Asked Questions

Is Show Low, AZ a good place to invest in rental property?
Show Low has an estimated cap rate of 3.74%, which is below the national average of 3.81%. With median home prices at $390K and rents of $1,770/mo, Show Low presents moderate opportunities — deals need careful sourcing to cash flow. Population growth of 1.6% and 5% vacancy rate indicate healthy tenant demand.
What is the average cap rate in Show Low?
The estimated cap rate for Show Low is 3.74%, based on median home prices of $390K, median rents of $1,770/mo, a 0.63% property tax rate, and 5% vacancy. This compares to a 3.49% average across Arizona and 3.81% nationally. Cap rates for individual properties will vary based on purchase price, actual rents, and property condition.
How much does a rental property cost in Show Low?
The median home price in Show Low is $390,000, which is 17% above the national average of $333,419. A 20% down payment would be approximately $78,000. Investment properties in Show Low range significantly — targeting properties 15-25% below median can improve your cap rate substantially.
What are Show Low property taxes for investors?
Show Low's effective property tax rate is 0.63%, which is above the Arizona average of 0.63% and below the national average of 1.08%. On a $390K property, annual taxes are approximately $2,457 ($205/mo). Low property taxes are a significant cash flow advantage here.
Full Show Low Analysis →Cap Rate CalculatorBRRRR Calculator

Explore Show Low & Related Markets

More Show Low Guides

Rent AnalysisProperty Tax GuideCost of Living & AffordabilityAppreciation & Growth ForecastNeighborhood Investment Guide

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