Current:Home > StocksEviction filings in Arizona’s fast-growing Maricopa County surge amid a housing supply crisis -Nova Finance Academy
Eviction filings in Arizona’s fast-growing Maricopa County surge amid a housing supply crisis
View
Date:2025-04-27 16:29:51
PHOENIX (AP) — Arizona’s most populous county and one of America’s fastest-growing regions saw more eviction filings in October than in any month since the beginning of this century, court officials said Thursday.
Landlords filed 7,948 eviction complaints last month with the justice courts in Maricopa County, home to Phoenix, court spokesperson Scott Davis said. The previous monthly record was 7,902, set in September 2005, he said.
Davis noted that roughly one in three eviction filings do not lead to evictions as landlords and tenants work out agreements before lockouts occur.
Census figures show that Maricopa County recently saw the largest migration boom in the U.S., leaving real estate developers struggling to meet the housing needs of tens of thousands of new residents arriving every year. From July 2021 to July 2022, the county grew by almost 57,000 new residents and now has a population of 4.5 million people.
The Arizona Department of Housing said the state has a severe housing shortage of some 270,000 dwelling units of all kinds.
A housing supply committee of government officials and housing specialists found last year that it takes too long to build new housing in Arizona and that the current local zoning regulations create barriers to new development.
With the demand high for housing units, especially affordable ones, rents have soared in recent years, leaving many Arizona residents to struggle with their monthly housing costs. Apartment List, an online marketplace for rental listings, reported this week that although rent prices in Phoenix fell 1% in October, they are up 25.6% since the start of the COVID-19 pandemic in March 2020.
The median rent in Phoenix is now $1,155 for a one-bedroom unit and $1,397 for a two-bedroom unit, Apartment List reported. The citywide apartment vacancy rate stands at 6.8%, it added.
The Arizona Multihousing Association, which represents several thousand property owners and managers across the state, underscored on Thursday that most landlords work hard to keep residents in their homes.
“We know people are struggling,” association president and CEO Courtney Gilstrap LeVinus said in a statement. “When people can’t pay their rent, eviction is typically the last resort. No one wants to see anyone lose their home.”
veryGood! (13)
Related
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Texas Attorney General Ken Paxton can be disciplined for suit to overturn 2020 election, court says
- Olympic organizers unveil strategy for using artificial intelligence in sports
- Will Taylor Swift add 'Tortured Poets' to international Eras Tour? Our picks.
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Inside Caitlin Clark and Connor McCaffery's Winning Romance
- Wayfair set to open its first physical store. Here's where.
- New California law would require folic acid to be added to corn flour products. Here's why.
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Netflix reports 15% revenue increase, announces it will stop reporting member numbers
Ranking
- Buckingham Palace staff under investigation for 'bar brawl'
- Third person dies after a Connecticut fire that also killed a baby and has been labeled a crime
- BNSF Railway says it didn’t know about asbestos that’s killed hundreds in Montana town
- More remains found along Lake Michigan linked to murder of college student Sade Robinson
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Get 90% Off J.Crew, $211 Off NuFACE Toning Devices, $150 Off Le Creuset Pans & More Weekend Deals
- Too hot for a lizard? Climate change quickens the pace of extinction
- Inside Caitlin Clark and Connor McCaffery's Winning Romance
Recommendation
B.A. Parker is learning the banjo
47 pounds of meth found in ice chest full of dead fish as car tries to cross US border
Emma Stone's Role in Taylor Swift's Tortured Poets Department Song Florida!!! Revealed
Police called in to North Dakota state forensic examiner’s office before her firing
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Proud Boys group leader sentenced to over 5 years in prison for attacking police during Capitol riot
A man gets 19 years for a downtown St. Louis crash that cost a teen volleyball player her legs
NBA schedule today: How to watch, predictions for play-in tournament games on April 19