A recent report highlights the ongoing housing affordability crisis in Arizona, where rapid population growth and limited housing supply continue to push home prices higher. The Arizona Housing Coalition found that many low- and moderate-income residents are increasingly priced out of the market, especially in areas like Maricopa County. Despite an increase in new construction projects, the supply of affordable housing has not kept pace with demand, putting strain on first-time buyers and renters alike.
Experts say wage growth has not matched rising housing costs, making it difficult for many Arizonans to secure stable housing. Lawmakers and housing advocates are calling for expanded state investment in affordable housing development, along with zoning reforms to encourage more housing diversity. Without significant policy changes, the affordability gap is expected to widen in the coming years.
Read more about Arizona home prices.