By Madeline Ackley | Your Valley
The last decade has brought tremendous growth to the city of Goodyear. In 10 short years, the population has increased by nearly 50% and the city has managed to shape itself into a hub for data centers, medical offices and manufacturing plants.
But one thing that hasn’t grown in Goodyear is affordable housing.
Housing is considered affordable by the federal government when it costs no more than 30% of income, and varies by market.
In 2010, renters in Goodyear could easily find a unit between $500 and $1,000 a month. Today, finding a place to rent at that price point is nearly impossible, according to data presented to the Goodyear City Council on Monday.
Homebuyers are also hard pressed to find affordable options in Goodyear. A decade ago, the majority of housing stock in the city was under $200,000. Today, less than 10% of homes go for that price.
Data shows that while affordable housing is in short supply Valleywide, the problem is especially pronounced in Goodyear, when compared to the rest of the Phoenix metro area.
