Arizona

Ranked #37 of 51 for housing affordability

38Crisis

Median Home Price

🏠

$420K

6.4x income

Median Rent

🔑

$2K

34.1% rent-burdened

Median Income

💰

$66K

Population: 7,431,344

Homeownership

🏡

65.8%

14,000 experiencing homelessness

Housing Shortage

📉

135,000

units needed

Building Permits (2024)

🔨

52,000

Price-to-Income

📊

6.4x

Severe Rent Burden

⚠️

16.5%

paying >50% of income

Rent Burden Breakdown

vs. National Average

Metros in Arizona

MetroScoreHome PriceRentIncomeRent Burden
Phoenix36$440K$2K$68K34.5%
Tucson45$340K$1K$55K34.5%

Housing Policies

prop 207 preemption of local rent controlopportunity zones