Renters struggle with rising cost, tight budget amid Valley housing frenzy

By Luke Forstner | KTAR

This story is part of KTAR News’ “Arizona’s Rising Real Estate” weeklong special series on 92.3 FM, online and our app.

PHOENIX — Renting is the only option for some in the Valley as home prices continue to increase, and even then, rising rent prices are a daunting reality.

“Affordable housing” is defined as housing that costs 30% or less of a person’s income. For some lower-income earners, that can be hard to achieve.

The Morrison Institute for Public Policy at Arizona State University recently released a report titled “Building Arizona,” which takes a closer look at the rental market in the Valley and how impenetrable it can be for some.

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May 21, 2021

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Renters struggle with rising cost, tight budget amid Valley housing frenzy

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Renters struggle with rising cost, tight budget amid Valley housing frenzy

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