Arizona Congressional District Data Profile AZ-05
Key Facts
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5,796 OR 10%
Renter households that are extremely low-income
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-4,777
Shortage of rental homes affordable and available for extremely low-income renters
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$39,932
30% of area median income
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$88,910
Annual household income needed to afford a two-bedroom rental home at HUD's Fair Market Rent (FMR)
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$2,223
is the average Fair Market Rent (FMR) for a two-bedroom rental home in this district. It is $1,912 for a one-bedroom rental home.
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$998
is the monthly rent a household at 30% of the area median income (AMI) can afford in this district. A household at 50% AMI can afford a monthly rent of $1,664.
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$7,409
is what a household in this district must earn monthly to afford the average two-bedroom FMR — without paying more than 30% of their income on housing. This translates to an annual income of $88,910. A household must earn $6,375 monthly or $76,499 annually to afford a one-bedroom home at FMR.
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$42.74
is the two-bedroom Housing Wage in this district. It is the hourly wage a worker must earn – assuming a 40-hour work week for 52 weeks per year – to afford a two-bedroom rental home. The one-bedroom Housing Wage is $36.78.
Solutions
- Provide significant resources to build and preserve homes affordable to renters with the lowest incomes through investments in public housing and the national Housing Trust Fund
- Encourage states and local communities to reform zoning and land use regulations that prevent housing from being built and push up housing costs
- Bridge the gap between incomes and housing costs by expanding rental assistance so that it is universally available to all eligible households or consider other innovative approaches, such as a fully refundable renters’ tax credit
- Prevent evictions and homelessness by creating permanent tools, such as emergency rental assistance, to help stabilize families in crisis
- Other federal housing resources, including the Low-Income Housing Tax Credit, should be reformed to better address the shortage of rental housing affordable to the lowest-income households.