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Consultant: Casa Grande buyers priced out as prices rise; multifamily supply easing rents
Summary
A consultant presented data showing Casa Grande's median resale price rose from about $205,000 in 2019 to $335,000 and that a median household income of about $66,000 can afford roughly $248,000 — meaning most homes are out of reach; the presentation noted multifamily additions have temporarily softened rents and recommended smaller lots, ADUs and manufactured housing as options.
Danny Court, a partner and senior economist at Pollock & Company, briefed the council on national and local housing trends and delivered a deeper look at Casa Grande's multifamily market.
Court said resale home prices in Casa Grande rose from an average of about $205,000 in 2019 to roughly $335,000, and that with a median household income just over $66,000 a typical household could afford a $248,000 home.…
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