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Average rent prices in Phoenix increase by 5 percent, analysis finds

Posted by   /  December 3, 2017  /  No Comments

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KTAR.com

It is getting increasingly more expensive to live in the Phoenix area, according to a new report.

According to a recent analysis from Zillow, the Phoenix metropolitan area was ranked among the top 15 worst metro areas to rent a home due to the high costs.

More than 27 percent of a resident’s average income was spent on rent in the third quarter of fiscal year 2017. This was a jump of about five percent from past years.

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  • Published: 2 weeks ago on December 3, 2017
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  • Last Modified: December 3, 2017 @ 7:50 pm
  • Filed Under: Real Estate

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