November 17, 2024 4:43 am
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Report: Flagstaff rental housing least affordable in Arizona

Highland Village apartments are managed by the Bella Investment Group./Taylor Mahoney, Arizona Daily Sun.

 

By Adrian Skabelund | Arizona Daily Sun

A recent report released by the National Low Income Housing Coalition and the Arizona Housing Coalition showed that of all the large cities in Arizona, Flagstaff has the highest average rental prices when compared to the average wages of a renter.

An individual living in Flagstaff would have to be earning a full-time wage of $21.71 an hour in order to afford the rent for an average market-rate, two-bedroom apartment in town.

But the average wage for renters in Flagstaff is only $12.37. Based on this, an affordable rate for rent in Flagstaff should be closer to $650 a month, the report reads, a far cry from the average two-bedroom price of rent at $1,129 a month.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.