More than 46 percent of Phoenix-area renters pay more than 30 percent of their income for a place to live

By | Real Estate Market Conditions, Rent vs Buying

Apartment rents climbed faster in metro Phoenix than anywhere in the U.S. during the past year. The average monthly cost to rent in the Valley jumped 8.1 percent, more than twice the rate U.S. rents climbed. That increase added $103 to the average apartment renter’s monthly bill, according to national apartment research firm RealPage. The… Continued

August 12, 2019