AZ Housing Market Forecast 2022 & 2023

Abstract

Recent projections for the Arizona housing market indicate that home prices may continue to rise steadily through 2022 and into 2023. Arizona's real estate market experienced a historic price increase last year. The housing analysts provide an optimistic housing market forecast for the Arizona region until 2023. If rates continue to rise, the Arizona real estate market might experience a general cooling trend. Here's the median price of a home in some of the counties of Arizona Arizona's housing market has over 900,000 renter households, accounting for 36% of the total number of households. According to a report from the National Low Income Housing Coalition, the rental prices in Arizona have become out of reach for many residents. In Arizona, the Fair Market Rent for a two-bedroom apartment is $1,097.