Homeownership is out of reach for most Phoenix households, city study finds

Average Phoenix home price has increased more than 30% since 2020

The city of Phoenix has five different programs to help residents become homeowners.

(Courtesy city of Phoenix)

Homeownership is out of reach for most Phoenix households, according to a 2024 Housing Needs Assessment conducted by the city.

More than half of homeowning households in Phoenix earn above 120% of the
area median income, according to Phoenix Housing Department staff.

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Homeownership is out of reach for most Phoenix households, city study finds

Average Phoenix home price has increased more than 30% since 2020

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