With housing prices that are 36 percent higher than the national average, Flagstaff is facing a housing crisis. Download the most comprehensive study done on the challenges - and opportunities - Flagstaff faces in ensuring adequate housing for its workforce. Enter your name and email address below to get instant access to this important report.
It is a common saying among locals that Flagstaff is "poverty with a view," a place where there is a disconnect between the income of its local workforce and the high cost of living. Much of this is fueled by the housing costs, which are 36% higher than the national average.
This report goes beyond the anecdotal evidence and analyzes the problem using wide-ranging data:
This study includes recommendations on how to address Flagstaff's housing crisis, including best practices used in other communities facing this issue.
Between 2010 and 2015, the city's population grew about 7%, compared to the national rate of 4.1%.
A 2010 study by the City of Flagstaff identified almost 5,000 unique second homeowners, who on average had an income about $56,000 more than the general Flagstaff population.
Owning a home is still key to the American dream regardless of whether your are a doctor, a police officer, a teacher or a dishwasher.
The impact of rapid growth in Flagstaff and the inability of housing development to keep pace has led to almost half of Flagstaff households paying more than 30% of their incomes for housing.
This generally requires a household income in excess of $90,000 to afford.
The lack of workforce housing is putting pressure on the apartment market as well, with rental rates hundreds of dollars higher than what HUD considers "fair market rates."
Flagstaff is facing a housing crisis and it will take all of us - government officials, employers, nonprofits, real estate professionals and residents - to craft strategies to create more affordable housing for our residents. Enter your name and email below to get instant access to this report.