Market Intelligence
Data-driven insights for smarter ALF investments
2,047
ALFs Tracked in Arizona
12.5%
Average Cap Rate
94%
Average Occupancy Rate
$1.96M
Average Transaction Size
Arizona Market Overview
Arizona remains one of the strongest markets for assisted living investment in the United States. Favorable demographics, constrained supply pipelines, and consistent demand from an aging population create compelling opportunities for both operators and investors.
Arizona's senior population growing 3.5% annually
Phoenix metro accounts for 65% of state's ALF supply
Scottsdale commands premium pricing (15-20% above metro average)
New supply constrained by licensing requirements
Supply by Region
Distribution of licensed assisted living facilities across Arizona
| Region | Facilities |
|---|---|
| Maricopa County | 1,391 |
| Pima County | 287 |
| Pinal County | 142 |
| Other Counties | 227 |
| Total | 2,047 |
Cap Rate Trends
Average capitalization rates for Arizona ALF transactions
11.2%
Q1 2023
11.5%
Q2 2023
12.0%
Q3 2023
12.3%
Q4 2023
12.5%
2024 Full Year
12.8%
2025 YTD
Trend: Cap rates expanding as interest rates stabilize
Recent Transaction Activity
Crawford Commercial Group is a boutique senior-living-focused group with an active pipeline and a 65,000+ facilities underwritten. Our deal flow spans single-facility acquisitions to multi-site portfolio transactions across the Arizona market and nationwide.