{"id":16585,"date":"2023-11-30T13:18:12","date_gmt":"2023-11-30T20:18:12","guid":{"rendered":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/?p=16585"},"modified":"2023-11-30T13:18:14","modified_gmt":"2023-11-30T20:18:14","slug":"phoenix-ranks-among-top-cities-where-residents-are-most-house-rich-report","status":"publish","type":"post","link":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/in-house-news\/phoenix-ranks-among-top-cities-where-residents-are-most-house-rich-report","title":{"rendered":"Phoenix Ranks Among Top Cities Where Residents are Most &#8216;House Rich,&#8217; Report"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2023\/11\/30131728\/kostiantyn-li-1sCXwVoqKAw-unsplash-scaled.jpg\"><img  loading=\"lazy\"  decoding=\"async\"  width=\"1024\"  height=\"864\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-16587 pk-lazyload\"  data-pk-sizes=\"auto\"  data-ls-sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"  data-pk-src=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2023\/11\/30131728\/kostiantyn-li-1sCXwVoqKAw-unsplash-1024x864.jpg\"  data-pk-srcset=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2023\/11\/30131728\/kostiantyn-li-1sCXwVoqKAw-unsplash-1024x864.jpg 1024w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2023\/11\/30131728\/kostiantyn-li-1sCXwVoqKAw-unsplash-300x253.jpg 300w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2023\/11\/30131728\/kostiantyn-li-1sCXwVoqKAw-unsplash-768x648.jpg 768w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2023\/11\/30131728\/kostiantyn-li-1sCXwVoqKAw-unsplash-1536x1297.jpg 1536w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2023\/11\/30131728\/kostiantyn-li-1sCXwVoqKAw-unsplash-2048x1729.jpg 2048w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2023\/11\/30131728\/kostiantyn-li-1sCXwVoqKAw-unsplash-380x321.jpg 380w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2023\/11\/30131728\/kostiantyn-li-1sCXwVoqKAw-unsplash-800x675.jpg 800w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2023\/11\/30131728\/kostiantyn-li-1sCXwVoqKAw-unsplash-1160x979.jpg 1160w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2023\/11\/30131728\/kostiantyn-li-1sCXwVoqKAw-unsplash-80x68.jpg 80w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2023\/11\/30131728\/kostiantyn-li-1sCXwVoqKAw-unsplash-scaled.jpg 2560w\" ><\/a><\/figure>\n\n\n\n<p><a data-uno-hassubmittext=\"no\" href=\"https:\/\/allstarhome.com\/resources\/where-americans-are-house-rich\/\" target=\"_blank\" rel=\"noreferrer noopener\">All Star Home<\/a> analyzed the latest numbers from the U.S. Census Bureau to reveal which U.S. cities are the most \u201chouse rich.\u201d In these areas, homes are affordable with high homeownership rates.<\/p>\n\n\n\n<p>From coast to coast, there are a handful of cities that stand out due to their affordable housing and high ownership rates, making their residents \u201chouse rich,\u201d while other cities measure poorly for their high cost of living and lower homeownership rates.&nbsp;<\/p>\n\n\n\n<p>To determine which of the U.S. major cities are most \u201chouse rich,\u201d All Star Home analyzed the 25 most populated cities by comparing the median value of owner-occupied housing units and the median household income in each city to yield a home-value-to-income ratio. The ratio was then adjusted by factoring in the rate of homes not occupied by their owners to account for the actual level of home ownership in each city. A low score indicates that the area is \u201chouse rich,\u201d meaning housing is not only affordable but the majority of residents also live in the homes they own.<\/p>\n\n\n\n<p>Among the 25 most populous U.S. cities, Phoenix ranks No. 10 on the list of the most \u201chouse rich\u201d cities. Phoenix has a median occupied home value of $277,700 and a median household income of $64,927, resulting in a home-value-to-income ratio of 4.28 and an overall \u201chouse rich\u201d score of 1.8777. Phoenix also has a high owner-occupied housing rate of 56.1%.&nbsp;<\/p>\n\n\n\n<p>In comparison, El Paso, Texas, the No. 1 \u201chouse rich\u201d city, has a 59.8% owner-occupied housing rate and a home-value-to-income ratio of 2.68, while Los Angeles, Calif., the least \u201chouse rich\u201d city, has a 36.9% owner-occupied housing rate and a home-value-to-income ratio of 10.12.&nbsp;<\/p>\n\n\n\n<p>All Star Home also went on a quest to find the nation\u2019s most \u201chouse rich\u201d cities overall. While Phoenix ranks among the nation\u2019s most populous \u201chouse rich\u201d cities, Buckeye, Ariz. ranks No. 2 among the most \u201chouse rich\u201d U.S. cities overall, right behind Davie, North Carolina. Buckeye has an extremely high owner-occupied housing rate of 84.10% and a low home-value-to-income ratio of 3.15, resulting in a \u201chouse rich\u201d score of 0.5016.\u00a0<\/p>\n\n\n\n<p>Read the full report <a href=\"https:\/\/allstarhome.com\/resources\/where-americans-are-house-rich\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a> to find out the \u201chouse rich\u201d score of your city.<\/p>\n","protected":false},"excerpt":{"rendered":"From coast to coast, there are a handful of cities that stand out due to their affordable housing and high ownership rates, making their residents &#8220;house rich.&#8221;\n","protected":false},"author":20,"featured_media":16587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-16585","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-in-house-news","8":"cs-entry","9":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Phoenix Ranks Among Top Cities Where Residents are Most &#039;House Rich,&#039; Report<\/title>\n<meta name=\"description\" content=\"From coast to coast, there are a handful of cities that stand out due to their affordable housing and high ownership rates, making their residents &quot;house 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