/ Modified dec 23, 2024 11:50 a.m.

AZ home affordability improves, still out of reach for average wage-earner

Data shows average wage-earners would still be cost-burdened with a median-priced home purchase.

360 real estate for sale File image of a for sale sign outside a home in the Tucson metropolitan area.
AZPM Staff

A new report from Attom Data shows that homes are getting more affordable in much of Arizona, but prices remain out of reach for a typical earner in the state.

The real estate data company calculates its affordability index based on median home price and average wage.

It found that all eight of the Arizona counties it tracks remain unaffordable, though conditions improved in all but one of those counties from the previous quarter.

Cochise County is closest to having a market that Attom would define as affordable, with 30% of an average wage covering the cost of buying a median-priced home. That's followed by Yuma county at 37% and Pima at 39%.

The most unaffordable county of those surveyed is Yavapai, where buying a median-priced home would take more than 60% of the average wage.

By posting comments, you agree to our
AZPM encourages comments, but comments that contain profanity, unrelated information, threats, libel, defamatory statements, obscenities, pornography or that violate the law are not allowed. Comments that promote commercial products or services are not allowed. Comments in violation of this policy will be removed. Continued posting of comments that violate this policy will result in the commenter being banned from the site.

By submitting your comments, you hereby give AZPM the right to post your comments and potentially use them in any other form of media operated by this institution.
AZPM is a service of the University of Arizona and our broadcast stations are licensed to the Arizona Board of Regents who hold the trademarks for Arizona Public Media and AZPM. We respectfully acknowledge the University of Arizona is on the land and territories of Indigenous peoples.
The University of Arizona