December 18, 2024 2:43 pm
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Flagstaff housing market climbing out of reach again

Flagstaff housing

By Suzanne Adams-Ockrassa | Arizona Daily Sun

Flagstaff housing
A house for sale in Flagstaff listed at $455,000/Zillow

Housing prices are moving further out of the affordable range for the average Flagstaff worker again.

According to the Northern Arizona Multiple Listing Service, the median sale price for a single-family home in the greater Flagstaff region in 2015 was $330,000, a 5 percent increase from 2014.

Several bank-sponsored online calculators put the income needed to purchase a house at that price with a 30-year fixed mortgage and an interest rate of 4.5 percent and moderate household expenses and debt at $91,000.

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