Affordable housing and the cost of living continue to be top economic outlook issues for the future of Arizona’s prosperity, and onerous regulations are pushing the dream of home ownership further and further away for many young people.
According to the National Low Income Housing Coalition’s “Out of Reach” report, Arizona is the 14th priciest state to rent a modest one-bedroom apartment, preventing renters from gaining upward mobility in the housing market because the average home price is just under $450,000.
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