Zillow: Here’s the percentage of Phoenix homes affordable to millennials

Screen Shot 2015-07-10 at 10.05.22 AMBy Cassidy Trowbridge | Phoenix Business Journal

Just over half of all Phoenix homes can be purchased by a millennial, according to a data release by Zillow.

Phoenix millennials are able to afford only 56 percent of listings, compared to 70 percent nationally.

Using Census data and Zillow (Nasdaq: Z) listings, the company found the median income of those ages 23 to 34 and compared the prices of listings to 30 percent of their income.

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