ARIZONA

2014 Housing At-a-Glance

JAN BREWER

MICHAEL TRAILOR

GOVERNOR

DIRECTOR

September 2014
Dear Community Partner,
The Arizona Department of Housing is pleased to present you with the 2014 Arizona Housing Market
At-a-Glance.
Arizona continues to recover from the worst recession in our lifetime and the housing recovery that has
historically led Arizona’s economic comeback is stalled. The effects of the Great Recession linger on.
Arizona’s unemployment rate has declined to approximately 7 percent but that doesn’t address the
thousands of Arizonans who are significantly under employed compared to 2006. Additionally 20
percent of Arizona homeowners are still burdened with negative equity.
Our At-a-Glance housing affordability chart graphically demonstrates that Arizona’s retail workers,
waitpersons and firefighters continue to struggle to afford decent safe housing whether for sale or for
rent in most Arizona locations. Likewise, police officers and teachers can only afford to rent in several
Arizona locations.
If not for affordable housing programs such as the Low Income Housing Tax Credit program these hard
working Arizona residents most likely would be living in substandard housing.
Thanks to the efforts of Arizona’s affordable housing developers and federal funding for low income
housing many hard working Arizonan’s have a decent place to call home and an opportunity to improve
their circumstances.
Sincerely,

Michael Trailor
Director

1110 WEST WASHINGTON • SUITE 310 • PHOENIX, AZ 85007 • 602-771-1000 • FAX 602-771-1002
TTY 602-771-1001 • WEBSITE www.azhousing.gov
Home of the Arizona Housing Finance Authority

2014

Arizona’s Housing Market . . . a glance.
We in Arizona know firsthand just how important housing issues are to our economy, our job market, and
our communities. As one of the hardest hit states, we felt the full force of the nationwide housing crisis and
economic recession. However, today home values are on the rise, foreclosures are back to normal levels, our
distressed inventory has decreased, and permitting is picking up which means more jobs and more people
moving to Arizona.
Despite these various improvements, nearly one in every five Arizona homeowners is still underwater and
stagnant wage growth has impacted home sales in the state.
The analyses and tables in this document are based on data available for early 2014 or for 2013 on housing,
income, population, employment, and wages by occupation and by industry. To enable equitable comparison
and consistency in this report, we have compared communities across the state on affordability reflected in the
median home price or fair market rent in each area. Median price refers to the middle of the price range.
The information compiled for this report also reveals that median home prices in Arizona’s rural communities
range from a relatively low price of $76,600 in Douglas to a high price of $361,732 in the Sedona area. The
most expensive among all Arizona rural and urban communities continues to be the Town of Paradise Valley,
with a median home sales price of $1,334,467 million. In general, home prices are higher in the urban areas
and in communities that attract large numbers of seasonal and recreational tourists.
Median home prices have significantly been picking up from the recession; however, they continue to remain
below their all time high levels seen in 2006. Affordability has improved; however, while lower prices can
improve affordability, they can adversely impact many owners and potential sellers who have seen their limited
equity erode.
The median housing price for existing homes at the state level and for most of the communities that are
included in this study, reached their peak in either 2006 or in 2007. While slower than hoped, the latest trends
indicate that home values are improving. From 2010 to 2013, the median price of existing homes increased by
35.8% at the state level.

1

2014 General Trends in
Arizona’s Housing Market . . . a glance.
Arizona Home Prices vs. Median Income
Home prices are once again on the rise, approaching their peak levels; however, median household income has
remained stagnant over the last decade.
• From 2005 to 2013, the median sales price of homes in Arizona increased only by 3.1 percent.

2

• Median home values are still down 5.1 percent from the height of the housing market in 2006.
• From 2011 to 2013 median home values have increased by 40 percent.
_________________________________________________________________________________________
For census data by Arizona counties on median home values and median household income for the years 2000, 2010 and 2012
see Table 5 in the Appendices.

$ 300,000
$ 250,000

$240,000

$260,000

$ 100,000

$177,900

$214,200

$182,200
$169,000

$146,000

$140,600

2001

2002

$54,900

$53,300

$51,900

$47,800

2003

2004

2005

2006

2008

2009

2010

$58,800
$61,600

$61,500

$58,500

2007

$60,800

$60,400

$54,400

$53,300

$52,700

$49,700

2000

$209,900

$156,500

$143,900

$ 50,000
$0

$247,500

$240,000

$ 200,000
$ 150,000

$246,000

2011

2012

Statewide Median Home Price
Statewide Median Family Income

Source: U.S. Federal Housing Finance Agency, Monthly Interest Rate Survey, Housing Price Index

2013

2014 General Trends in
Arizona’s Housing Market . . . a glance.
Arizona Home Prices vs. Other States
Based on the House Price Index (HPI) by the Federal Housing Finance Agency (FHFA), housing price
appreciation in Arizona was ranked number four nationally for the first quarter of 2014. In 2009, Arizona’s
housing appreciation rate was ranked as one of the worst in the nation. This turnaround is a clear indication
of a significant improvement in Arizona’s housing market since the height of the recession.

3
STATE

ANNUAL PRICE INCREASE OR DECREASE

RANKING

Nevada

20.96%

1

District of Columbia

19.78%

2

California

15.78%

3

Arizona

14.72%

4

Florida

10.65%

5

Georgia

10.23%

6

Oregon

9.71%

7

Colorado

9.34%

8

Michigan

8.77%

9

Hawaii

8.45%

10

Texas

8.19%

11

North Dakota

7.90%

12

Wyoming

7.23%

13

Utah

7.22%

14

South Dakota

6.96%

15

U.S. Average

6.60%

–

Data Source: Federal Housing Finance Agency (FHFA), First Quarter, 2014. 		

2014 General Trends in
Arizona’s Housing Market . . . a glance.
Median Home Prices - 2013
Median home prices in Arizona rural communites range from a low price of $76,600 in Douglas to a high price
of $361,732 in the Sedona area. For cities and towns in Maricopa County, the lowest median price of $97,598
was reported for Sun City, and the highest median price of $1,334,367 for Paradise Valley. While the first two bar
charts below show the 2013 median home prices for selected rural communities, the third bar chart is exclusively
for jurisdictions in Maricopa County.		
In general, home prices are much higher in urban communities and those that attract tourists, or have a relatively
higher percentage of seasonal, recreational, or occasional use homes.

High-Price Housing Areas

e

fre

re
Ca

$ 166,691

$ 168,942

$ 169,397

$ 170,263

$ 183,339

$ 192,247

$ 192,620

$ 217,512

$ 233,583

$ 249,327

$ 255,517

$ 264,032

$ 309,740

$ 361,732

$ 538,057

$ 600,000
$ 500,000
$ 400,000
$ 300,000
$ 200,000
$ 100,000
$0

a
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Low-Price Housing Areas

$ 76,600

$ 79,900

$ 92,500

$ 96,732

$ 97,598

$ 107,746

$ 112,479

$ 113,740

$ 114,213

$ 114,450

$ 80,000

$ 114,500

$ 116,679

$ 120,537

$ 100,000

$ 130,000

$ 120,000

$ 124,000

$ 140,000

$ 60,000
ake

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Su

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Elo

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Source: Zillow

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Gil

ler

nd

a
Ch

ria

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Pe

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ear
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Su

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$ 116,679

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$ 139,572

$ 100,000

$ 152,260

$ 164,688

$ 168,228

$ 169,683

$ 170,263

$ 190,906

$ 200,586

$ 229,774

$ 309,983

$ 368,686

$ 200,000

$ 383,538

$ 309,740

$ 300,000

$ 201,708

Major Cities in Metro Phoenix

$ 400,000

$ 237,129

$ 361,732

4

2014 Workforce Housing Affordability . . . a glance.
Police Officers, Teachers, Nurses and Firefighters
The following table shows the ability of a police officer to own a median price home in selected communities.
Similar details for other occupations such as firefighter, teacher, retail worker, and waiter/waitress are presented in
Table 1 in the Appendices.					
• One Income Earner per Household: A police officer would be able to afford buying a house in nine of the
13 communities in Arizona, assuming he/she is the only income earner in the household. Just four years ago,
only five out of the 13 were affordable. 					
• Two Income Earners per Household: A police officer, with the financial help of another income earner in the
household, would be able to afford buying a house in 13 out of the 13 following jurisdictions.
One Income Earner Per Household

Two Income Earners Per Household

Hourly Wage Needed to
Buy a Median Price House

Median Hourly Wage of a
Police Officer

Affordability
Status

Hourly Wage of a Police Officer
and Another Income Earner*

Affordability
Status

Sedona

$44.21

$27.39

Not Affordable

$46.56

Affordable

Flagstaff

$32.27

$24.86

Not Affordable

$42.26

Affordable

Pinetop-Lakeside

$26.58

$20.82

Not Affordable

$35.39

Affordable

Payson

$23.50

$20.79

Not Affordable

$35.34

Affordable

Phoenix

$20.81

$31.37

Affordable

$53.33

Affordable

Sierra Vista

$20.37

$22.37

Affordable

$38.03

Affordable

Tucson

$18.08

$26.44

Affordable

$44.95

Affordable

Yuma

$17.05

$24.07

Affordable

$39.12

Affordable

Casa Grande

$13.96

$26.64

Affordable

$45.29

Affordable

Kingman

$13.75

$24.07

Affordable

$40.92

Affordable

Rio Rico

$11.82

$22.06

Affordable

$37.50

Affordable

Douglas

$9.36

$22.37

Affordable

$38.03

Affordable

State Average

$22.10

$27.00

Affordable

$45.90

Affordable

Selected Areas

* Assuming that the hourly wage or income of the second income earner in the household is 70 percent of the police officer’s income.

Source: Zillow; Elliott D. Pollack & Co.

5

2014 Workforce Housing Affordability . . . a glance.
Renting a Two Bedroom Apartment in Selected Counties
Rental households comprise more than one-third of the total occupied homes in Arizona according to Census
2010 (34 percent) and American Community Survey 2008-2012 (34.5 percent).		
The following graph shows the amount a household must earn to afford a two bedroom rental unit at the area’s
Fair Market Rent, based on the generally accepted affordability standards of paying no more than 30 percent of
one’s income for housing costs. 		
The median hourly wage used in this analysis is that of Retail Sales Workers in the corresponding country.
Similar details for other selected occupations are presented in Table 1 in the Appendices.		

6

$0		$5		$10		$15		$20		$25
Coconino
Maricopa

Mohave

La Paz

Apache
State Average

$ 15.00

$ 9.58

$ 14.79

$ 9.60

$ 14.02

$ 10.18

$ 13.69

$ 9.96

$ 13.06

$ 10.52

$ 13.02

$ 9.15

$ 13.02

$ 9.20

Graham
Greenlee

$ 15.75

$ 10.46

Navajo
Santa Cruz

$ 16.85

$ 9.92

Gila
Cochise

$ 17.79

$ 10.28

Yavapai
Yuma

$ 17.79

$ 9.73

Pinal
Pima

$ 20.50

$ 9.70

$ 10.22
$ 8.56
$ 9.95

Hourly Wage Needed to Rent
Median Hourly Wage Paid

$ 12.50

$ 12.04
$ 12.04

$ 9.92

Source: Zillow; Elliott D. Pollack & Company; HUD Fair Market Rent, FY 2012 & FY 2013		

$ 17.11

Population and Employment Growth 2006 – 2013
The economic recession and the housing crisis took its toll on Arizona effecting both employment and
population growth within the state. From 2008 to 2010, statewide employment decreased by 293,300 jobs.
While the state’s unemployment rate still trails the national average, the latest numbers do show that the Arizona
job market is recovering. Additionally, the number of people moving to the state is also starting to pick up.
Most of the economic recovery, in terms of employment and population has occurred in the urban areas of the
state.
Statewide employment has increased by 129,100 jobs since 2010. Of the total increase, 122,400 jobs, 94.8 percent
were attributed to employment growth in the urban areas. The remaining 6,700 jobs (5.2 percent), during that
span went to rural areas.
During the 2006-2013 period, population of the state increased by 464,645 people. Over two-thirds (68.3
percent of 317,516 persons) became residents of urban areas. The remaining 31.7 percent (147,129 persons)
chose to live in one of the 13 rural counties of Arizona.

7,000,000

POPULATION

6,000,000

6,116,409

6,274,981

6,368,649

6,389,081

6,401,569

6,438,178

6,498,569

6,581,054

4,730,671

4,792,861

4,805,410

4,805,226

4,829,451

4,875,085

4,940,905

4,623,389

1,493,020

1,544,310

1,575,788

1,583,671

1,596,343

1,608,727

1,623,484

1,640,149

5,000,000
4,000,000
3,000,000
2,000,000
1,000,000

2006

3,000,000

2007

2,639,300

2,679,400

EMPLOYMENT

2,500,000
2,000,000

2008

2009

2010

2011

2,622,500
2,432,600

2,386,100

2,412,100

2012

2013

2,463,500

2,515,200

2,162,900

2,191,500

2,135,400

2,034,300

1,994,000

2,019,600

2,065,400

2,116,400

476,400

487,900

487,100

398,300

392,100

392,500

398,100

398,800

1,500,000
1,000,000
500,000
100,000

2006

2007
Arizona Population

2008

2009

2010

Urban Population		

2011

2012

2013

Rural Population

“Source: Office of Employment & Population Statistics, State Demographer’s Office; U.S. Census Bureau; U.S. Bureau of Labor Statistics“		
							

7

Appendices
Table 1:
Housing Affordability for Home Buyers and Renters for Common Occupations
in Selected Arizona Communities

2012

8

Hourly Median Wage

City/Town

County

Bullhead City
Casa Grande
Chambers
Coolidge
Douglas
Eloy
Flagstaff
Florence
Globe
Kingman
Lake Havasu City
Lakeside
Mesa
Parker
Phoenix
Pine
Pinetop
Prescott
Rio Rico
Safford
Sedona
Show Low
Sierra Vista
Snowflake
Somerton
Tucson
Williams
Yuma

Mohave
Pinal
Apache
Pinal
Cochise
Pinal
Coconino
Pinal
Gila
Mohave
Mohave
Navajo
Maricopa
La Paz
Maricopa
Gila
Navajo
Yavapai
Santa Cruz
Graham
Yavapai/Coconino
Navajo
Cochise
Navajo
Yuma
Pima
Coconino
Yuma

Median
Home
Price*

$121,902
$82,775
$165,800
$75,000
$68,823
$72,761
$243,896
$109,135
$137,692
$101,054
$148,508
$194,800
$145,615
$99,793
$145,569
$180,000
$199,260
$236,717
$90,548
$124,765
$323,454
$158,599
$167,731
$107,400
$76,174
$133,881
$120,000
$129,479

Hourly
Wage
Needed
to Buy

$14.90
$10.12
$20.26
$9.17
$8.41
$8.89
$29.81
$13.34
$16.83
$12.35
$18.15
$23.81
$17.80
$12.20
$17.79
$22.00
$24.35
$28.93
$11.07
$15.25
$39.53
$19.38
$20.50
$13.13
$9.31
$16.36
$14.67
$15.82

2 BDRM
APT
Monthly
Rent**

$768.00
$870.00
$614.00
$870.00
$704.00
$870.00
$887.00
$870.00
$750.00
$768.00
$768.00
$691.00
$870.00
$678.00
$870.00
$750.00
$691.00
$798.00
$666.00
$613.00
$798.00
$691.00
$704.00
$691.00
$732.00
$860.00
$887.00
$732.00

ASSUMPTIONS				
Down payment
5.0%
Interest rate
4.5%
Loan term in years
30
Annual property tax
1.00%
Annual home insurance premium
0.35%
Annual PMI premium
0.50%
% of income devoted to mortgage payment
30%
Source: Zillow; Elliott D. Pollack & Co.

Hourly
Wage
Needed
to Rent

$14.77
$16.73
$11.81
$16.73
$13.54
$16.73
$17.06
$16.73
$14.42
$14.77
$14.77
$13.29
$16.73
$13.04
$16.73
$14.42
$13.29
$15.35
$12.81
$11.79
$15.35
$13.29
$13.54
$13.29
$14.08
$16.54
$17.06
$14.08

Police
Officer

$23.37
$26.59
$20.09
$26.59
$21.75
$26.59
$24.16
$26.59
$21.17
$23.37
$23.37
$21.25
$31.10
$21.93
$31.10
$21.17
$21.25
$26.77
$21.42
$25.99
$26.77
$21.25
$21.75
$21.25
$23.15
$26.25
$24.16
$23.15

Teacher

$16.27
$18.22
$16.98
$18.22
$19.16
$18.22
$19.42
$18.22
$17.02
$16.27
$16.27
$17.15
$19.27
$18.26
$19.27
$17.02
$17.15
$16.68
$18.48
$18.51
$16.68
$17.15
$19.16
$17.15
$16.97
$17.57
$19.42
$16.97

Retail
Worker

Nurse

$10.43
$11.00
$10.28
$11.00
$9.46
$11.00
$9.52
$11.00
$10.44
$10.43
$10.43
$10.72
$9.77
$9.14
$9.77
$10.44
$10.72
$10.28
$9.33
$10.33
$10.28
$10.72
$9.46
$10.72
$9.34
$9.72
$9.52
$9.34

$31.63
$35.89
$31.73
$35.89
$31.66
$35.89
$35.45
$35.89
$31.31
$31.63
$31.63
$33.04
$35.06
$26.77
$35.06
$31.31
$33.04
$35.66
$31.37
$27.83
$35.66
$33.04
$31.66
$33.04
$33.99
$33.88
$35.45
$33.99

Firefighter

$14.11
$16.03
$19.70
$16.03
$15.49
$16.03
$21.11
$16.03
$12.95
$14.11
$14.11
$13.87
$22.17
$8.98
$22.17
$12.95
$13.87
$17.43
$17.36
$9.26
$17.43
$13.87
$15.49
$13.87
$19.27
$18.21
$21.11
$19.27

Waitperson

$8.54
$8.80
$8.60
$8.80
$8.67
$8.80
$8.88
$8.80
$8.60
$8.54
$8.54
$8.63
$8.75
$8.58
$8.75
$8.60
$8.63
$8.89
$9.22
$8.53
$8.89
$8.63
$8.67
$8.63
$8.58
$8.77
$8.88
$8.58

Can afford to buy
Can afford to buy or rent
Cannot afford to buy or rent
Can afford to only rent

Total of All
Occupations

$16.45
$14.85
$18.25
$14.85
$17.60
$14.85
$28.61
$14.85
$19.11
$16.45
$16.45
$16.88
$20.43
$18.93
$20.43
$19.11
$16.88
$22.06
$15.74
$17.02
$22.06
$16.88
$17.60
$16.88
$14.83
$18.90
$28.61
$14.83

2013

Hourly Median Wage

City/Town

County

Bullhead City
Casa Grande
Chambers
Coolidge
Douglas
Eloy
Flagstaff
Florence
Globe
Kingman
Lake Havasu City
Lakeside
Mesa
Parker
Phoenix
Pine
Pinetop
Prescott
Rio Rico
Safford
Sedona
Show Low
Sierra Vista
Snowflake
Somerton
Tucson
Williams
Yuma

Mohave
Pinal
Apache
Pinal
Cochise
Pinal
Coconino
Pinal
Gila
Mohave
Mohave
Navajo
Maricopa
La Paz
Maricopa
Gila
Navajo
Yavapai
Santa Cruz
Graham
Yavapai/Coconino
Navajo
Cochise
Navajo
Yuma
Pima
Coconino
Yuma

Median
Home
Price*

$141,071
$114,213
$114,500
$92,500
$76,600
$79,900
$264,032
$132,105
$107,746
$112,479
$168,942
$142,272
$168,228
$147,000
$170,263
$182,391
$217,512
$255,517
$96,732
$130,769
$361,732
$167,488
$166,691
$130,000
$114,450
$147,942
$124,000
$139,471

Hourly
Wage
Needed
to Buy

$17.24
$13.96
$13.99
$11.30
$9.36
$9.76
$32.27
$16.15
$13.17
$13.75
$20.65
$17.39
$20.56
$17.97
$20.81
$22.29
$26.58
$31.23
$11.82
$15.98
$44.21
$20.47
$20.37
$15.89
$13.99
$18.08
$15.15
$17.05

2 BDRM
APT
Monthly
Rent

$769.00
$925.00
$626.00
$925.00
$712.00
$925.00
$1,066.00
$925.00
$729.00
$769.00
$769.00
$679.00
$925.00
$677.00
$925.00
$729.00
$679.00
$819.00
$677.00
$650.00
$819.00
$679.00
$712.00
$679.00
$780.00
$876.00
$1,066.00
$780.00

ASSUMPTIONS				
Down payment
5.0%
Interest rate
4.5%
Loan term in years
30
Annual property tax
1.00%
Annual home insurance premium
0.35%
Annual PMI premium
0.50%
% of income devoted to mortgage payment
30%
Source: Zillow; Elliott D. Pollack & Co.

Hourly
Wage
Needed
to Rent

$14.79
$17.79
$12.04
$17.79
$13.69
$17.79
$20.50
$17.79
$14.02
$14.79
$14.79
$13.06
$17.79
$13.02
$17.79
$14.02
$13.06
$15.75
$13.02
$12.50
$15.75
$13.06
$13.69
$13.06
$15.00
$16.85
$20.50
$15.00

Police
Officer

$24.07
$26.64
$20.69
$26.64
$22.37
$26.64
$24.86
$26.64
$20.79
$24.07
$24.07
$20.82
$31.37
$22.38
$31.37
$20.79
$20.82
$27.39
$22.06
$25.18
$27.39
$20.82
$22.37
$20.82
$23.01
$26.44
$24.86
$23.01

Teacher

$16.49
$18.13
$17.56
$18.13
$18.25
$18.13
$18.64
$18.13
$17.31
$16.49
$16.49
$16.83
$19.23
$18.16
$19.23
$17.31
$16.83
$17.57
$18.35
$18.22
$17.57
$16.83
$18.25
$16.83
$16.83
$17.39
$18.64
$16.83

Retail
Worker

$9.60
$10.28
$9.95
$10.28
$9.69
$10.28
$9.70
$10.28
$10.18
$9.60
$9.60
$10.52
$9.73
$9.20
$9.73
$10.18
$10.52
$10.46
$9.15
$10.22
$10.46
$10.52
$9.69
$10.52
$9.58
$9.92
$9.70
$9.58

Nurse

$31.12
$34.79
$32.23
$34.79
$28.51
$34.79
$36.51
$34.79
$31.55
$31.12
$31.12
$33.70
$34.93
$27.57
$34.93
$31.55
$33.70
$35.85
$32.31
$28.66
$35.85
$33.70
$28.51
$33.70
$34.82
$31.91
$36.51
$34.82

Firefighter

Waitperson

$14.44
$16.43
$13.78
$16.43
$17.02
$16.43
$21.13
$16.43
$19.14
$14.44
$14.44
$13.95
$22.56
$9.05
$22.56
$19.14
$13.95
$14.47
$17.88
$9.54
$17.47
$13.95
$17.02
$13.95
$21.76
$17.99
$21.13
$21.76

Can afford to buy
Can afford to buy or rent
Cannot afford to buy or rent
Can afford to only rent

$8.69
$8.77
$8.55
$8.77
$8.78
$8.77
$9.05
$8.77
$8.62
$8.69
$8.69
$8.63
$8.82
$8.68
$8.82
$8.62
$8.63
$8.87
$8.82
$8.79
$8.87
$8.63
$8.78
$8.63
$8.69
$8.75
$9.05
$8.69

Total of All
Occupations

$17.99
$17.39
$16.24
$17.39
$17.08
$17.39
$31.74
$17.39
$20.44
$17.99
$17.99
$18.85
$23.54
$13.12
$23.54
$20.44
$18.85
$24.42
$15.73
$16.59
$24.42
$18.85
$17.08
$18.85
$16.32
$20.62
$31.74
$16.32

Appendices
Table 2:
Employment Growth and Housing Affordability by Industry - Arizona
Can
Afford
to Buy
Median
Priced
House

Can Afford
to Rent
2-BDRM
Apartment

Employment
2006

Employment
2013

9,900

13,300

3,400

26%

$45,178

$21.72

NO

YES

Construction

240,300

122,900

-117,400

-96%

$47,526

$22.85

YES

YES

Manufacturing

185,700

155,200

-30,500

-20%

$69,060

$33.20

YES

YES

Wholesale Trade

105,700

97,500

-8,200

-8%

$67,088

$32.25

YES

YES

Retail Trade

322,100

299,400

-22,700

-8%

$29,229

$14.05

NO

NO

Transportation & Warehousing

84,300

84,000

-300

0%

$47,162

$22.67

YES

YES

Information (Publishing, motion
pictures and videos, radio and TV
stations, and telecommunications)

43,400

41,500

-1,900

-5%

$61,379

$29.51

YES

YES

133,200

137,900

4,700

3%

$67,351

$32.38

YES

YES

51,900

47,200

-4,700

-10%

$45,229

$21.74

NO

YES

Professional & Business Services
(Legal services, management services,
computer services, accounting services,
engineering services, payroll services)

395,100

371,900

-23,200

-6%

$50,637

$24.34

YES

YES

Educational Services (Businesses
that provide educational
services to schools, colleges,
and universities plus specialized
schools such as computer training,
language schools, flight training,
cosmetology)

43,400

57,000

13,600

24%

$40,657

$19.55

NO

YES

Health Care & Social Assistance

250,700

316,700

66,000

21%

$48,068

$23.11

YES

YES

Leisure & Hospitality

266,700

274,500

7,800

3%

$20,627

$9.92

NO

NO

Other Services (Auto repair shops,
barber shops, other repair shops)

98,200

87,100

-11,100

-13%

$31,551

$15.17

NO

NO

Government - Federal, State and
Local (All government employees
including teachers, police)

408,500

409,400

900

0%

$55,388

$26.63

YES

YES

2,639,100

2,515,500

-123,600

-5%

$45,923

$22.08

NO

YES

Industry
Mining

Finance & Insurance
Real Estate Rental & Leasing

TOTAL

Source: Zillow; Elliott D. Pollack & Co.

Employment
Change
2006-2013
Percent

Median
Hourly
Wage
- AZ

Employment
Change
2006-2013
Numbers

Average
Annual
Pay

10

Appendices
Table 3:
Employment Growth and Housing Affordability by Industry - Urban Arizona
Can
Afford
to Buy
Median
Priced
House

Can Afford
to Rent
2-BDRM
Apartment

Employment
2006

Employment
2013

4,300

6,400

2,100

33%

$50,627

$24.34

YES

YES

Construction

208,000

108,200

-99,800

-92%

$50,261

$24.16

YES

YES

Manufacturing

168,000

140,100

-27,900

-20%

$70,077

$33.69

YES

YES

Wholesale Trade

96,600

89,700

-6,900

-8%

$68,631

$33.00

YES

YES

271,400

252,500

-18,900

-7%

$30,714

$14.77

NO

NO

Transportation & Warehousing

74,300

73,400

-900

-1%

$49,138

$23.62

YES

YES

Information (Publishing, motion
pictures and videos, radio and TV
stations, and telecommunications)

39,200

37,400

-1,800

-5%

$63,428

$30.49

YES

YES

126,300

131,100

4,800

4%

$68,979

$33.16

YES

YES

46,500

43,400

-3,100

-7%

$48,317

$23.23

YES

YES

Professional & Business Services
(Legal services, management services,
computer services, accounting services,
engineering services, payroll services)

368,900

349,300

-19,600

-6%

$52,306

$25.15

YES

YES

Educational Services (Businesses
that provide educational
services to schools, colleges,
and universities plus specialized
schools such as computer training,
language schools, flight training,
cosmetology)

45,400

59,600

14,200

24%

$42,062

$20.22

NO

YES

Health Care & Social Assistance

206,000

263,900

57,900

22%

$50,180

$24.13

YES

YES

Leisure & Hospitality

221,100

230,500

9,400

4%

$22,401

$10.77

NO

NO

Other Services (Auto repair shops,
barber shops, other repair shops)

86,200

76,700

-9,500

-12%

$32,666

$15.70

NO

NO

Government - Federal, State and
Local (All government employees
including teachers, police)

305,500

309,000

3,500

1%

$59,392

$28.55

YES

YES

2,267,700

2,171,200

-96,500

-4%

$48,302

$23.22

YES

YES

Industry
Mining

Retail Trade

Finance & Insurance
Real Estate Rental & Leasing

TOTAL

Source: Zillow; Elliott D. Pollack & Co.

Employment
Change
2006-2013
Percent

Median
Hourly
Wage
- AZ

Employment
Change
2006-2013
Numbers

Average
Annual
Pay

11

Appendices
Table 4:
Employment Growth and Housing Affordability by Industry - Rural Arizona
Median
Hourly
Wage
- AZ

Can
Afford
to Buy
Median
Priced
House

Can Afford
to Rent
2-BDRM
Apartment

$48,271

$23.21

YES

YES

-17%

$34,847

$16.75

NO

YES

-1,300

-17%

$41,070

$19.75

YES

YES

46,900

-3,800

-8%

$39,435

$18.96

YES

YES

10,000

10,600

600

6%

$25,703

$12.36

NO

NO

Transportation & Warehousing

4,200

4,100

-100

-2%

$42,566

$20.46

YES

YES

Information (Publishing, motion
pictures and videos, radio and TV
stations, and telecommunications)

6,900

6,800

-100

-1%

$34,099

$16.39

NO

YES

Finance & Insurance

5,400

3,800

-1,600

-42%

$50,905

$24.47

YES

YES

Real Estate Rental & Leasing

26,200

22,600

-3,600

-16%

$25,147

$12.09

NO

NO

Professional & Business Services
(Legal services, management services,
computer services, accounting services,
engineering services, payroll services)

-2,000

-2,600

-600

23%

$35,055

$16.85

NO

YES

Educational Services (Businesses
that provide educational
services to schools, colleges,
and universities plus specialized
schools such as computer training,
language schools, flight training,
cosmetology)

44,700

52,800

8,100

15%

$31,035

$14.92

NO

YES

Health Care & Social Assistance

45,600

44,000

-1,600

-4%

$47,502

$22.84

YES

YES

Leisure & Hospitality

12,000

10,400

-1,600

-15%

$15,391

$7.40

NO

NO

Other Services (Auto repair shops,
barber shops, other repair shops)

103,000

100,400

-2,600

-3%

$23,883

$11.48

NO

NO

Government - Federal, State and
Local (All government employees
including teachers, police)

371,400

344,300

-27,100

-8%

$0

$0.00

YES

YES

TOTAL

737,200

681,700

-55,500

-8%

$34,703

$16.68

NO

YES

Rural
Employment
2006

Rural
Employment
2013

Rural
Employment
Change
2006-2013
Numbers

Rural
Employment
Change
2006-2013
Percentage

Mining

32,300

14,700

-17,600

-120%

Construction

17,700

15,100

-2,600

Manufacturing

9,100

7,800

Wholesale Trade

50,700

Retail Trade

Industry

12

Source: Zillow; Elliott D. Pollack & Co.

Average
Annual
Pay

Appendices
Table 5:
2000, 2010 and 2012 Median Home Value and Household Income Data
for Arizona Counties
Median Home Value

Median Household Income

%
Increase
20002010

%
Increase
20102012

County

2000

2010

2012

Apache

$41,700

$56,100

$86,200

35%

Cochise

$88,200

$138,700

$140,700

Coconino

$142,500

$233,800

Gila

$100,100

Graham

Median Home Value

%
Increase
20002010

%
Increase
20102012

% Net
Increase
20002010

% Net
Increase
20102012

2000

2010

2012

54%

$23,344

$30,744

$33,867

32%

10%

3%

43%

57%

1%

$32,105

$45,213

$43,252

41%

-4%

16%

6%

$214,300

64%

-8%

$38,256

$42,130

$45,640

10%

8%

54%

-17%

$164,400

$124,800

64%

-24%

$30,917

$38,315

$38,847

24%

1%

40%

-25%

$80,900

$124,800

$127,100

54%

2%

$29,668

$42,152

$46,129

42%

9%

12%

-8%

Greenlee

$62,700

$65,800

$79,300

5%

21%

$39,384

$48,696

$49,692

24%

2%

-19%

18%

La Paz

$86,500

$106,000

$95,600

23%

-10%

$25,839

$34,528

$36,053

34%

4%

-11%

-14%

Maricopa

$129,200

$180,800

$161,600

40%

-11%

$45,358

$50,410

$51,432

11%

2%

29%

-13%

Mohave

$95,300

$143,100

$118,400

50%

-17%

$31,521

$36,456

$34,445

16%

-6%

35%

-12%

Navajo

$77,000

$133,700

$98,300

74%

-26%

$28,569

$40,623

$34,298

42%

-16%

31%

-11%

Pima

$114,600

$173,200

$153,500

51%

-11%

$36,758

$44,274

$44,762

20%

1%

31%

-12%

Pinal

$93,900

$123,500

$110,100

32%

-11%

$35,856

$50,110

$50,515

40%

1%

-8%

-12%

Santa Cruz

$94,700

$156,400

$136,800

65%

-13%

$29,710

$34,378

$36,396

16%

6%

49%

-18%

$138,000

$188,600

$177,900

37%

-6%

$34,901

$40,274

$44,035

15%

9%

21%

-15%

$85,100

$131,800

$109,200

55%

-17%

$32,182

$42,240

$39,485

31%

-7%

24%

-11%

$121,300

$168,800

$151,500

39%

-10%

$40,558

$46,789

$47,826

15%

2%

24%

-12%

Yavapai
Yuma
State of
Arizona

Census 3-Year Estimate
Census 5-Year Estimate

Source: Zillow; Elliott D. Pollack & Co.

13

2014 Workforce Housing Affordability . . . a glance.
Population Growth 2006 – 2013
Arizona
population

14

Urban

growth

population

Rural
growth

population

growth

2006

6,116,409

2007

6,274,981

158,572

4,730,671

107,282

1,544,310

51,290

2008

6,368,649

93,668

4,792,861

62,190

1,575,788

31,478

2009

6,389,081

20,432

4,805,410

12,549

1,583,671

7,883

2010

6,401,569

12,488

4,805,226

-184

1,596,343

12,672

2011

6,438,178

36,609

4,829,451

24,225

1,608,727

12,384

2012

6,498,569

60,391

4,875,085

45,634

1,623,484

14,757

2013

6,581,054

82,485

4,940,905

65,820

1,640,149

16,665

4,623,389

1,493,020

“Source: Office of Employment & Population Statistics, State Demographer’s Office; U.S. Census Bureau; U.S. Bureau of Labor Statistics“		
							

Employment Growth 2006 – 2013
Arizona
employment

Urban

growth

employment

Rural
growth

employment

growth

2006

2,639,300

2007

2,679,400

40,100

2,191,500

28,600

487,900

11,500

2008

2,622,500

-56,900

2,135,400

-56,100

487,100

-800

2009

2,432,600

-189,900

2,034,300

-101,100

398,300

-88,800

2010

2,386,100

-46,500

1,994,000

-40,300

392,100

-6,200

2011

2,412,100

26,000

2,019,600

25,600

392,500

400

2012

2,463,500

51,400

2,065,400

45,800

398,100

5,600

2013

2,515,200

51,700

2,116,400

51,000

398,800

700

2,162,900

476,400

“Source: Office of Employment & Population Statistics, State Demographer’s Office; U.S. Census Bureau; U.S. Bureau of Labor Statistics“		
							

15

2014

Arizona’s Housing Market
... a glance.
Sources
Arizona Department of Housing
Arizona Office of Employment & Populations Statistics,
State Demographer’s Office
Elliott D. Pollack & Company
U.S. Department of Housing and Urban Development
U.S. Bureau of Labor Statistics
U.S. Census Bureau
U.S. Federal Housing Finance Agency
Zillow

Title II of the Americans with Disabilities Act prohibits discrimination
on the basis of disability in the programs of a public agency.
Individuals with disabilities who need the information contained
in this publication in an alternate format may contact the Arizona
Department of Housing at (602) 771-1000 or our TTY number
(602) 771-1001 to make their needs known. Requests should be
made as soon as possible to allow sufficient time to arrange for the
accommodation.

Arizona Department of Housing
1110 W. Washington, Suite 310
Phoenix, AZ 85007
(602) 771-1000
www.azhousing.gov

The goal of the Arizona Department of Housing is to alleviate
many of the issues raised in this document through strategic public
investment and technical assistance. If you would like additional
information, please contact:

Michael Trailor, Director
Arizona Department of Housing
(602) 771-1000
michael.trailor@azhousing.gov