VALUED INSIGHTS

Invaluable Valuation Knowledge for the Real Estate Stakeholder

SERIES:
Multifamily Market Updates 2024
MARKET:
  1. Albuquerque MSA | NM
    2024  Q2 | Q3 | Q4
  2. Chicago MSA | IL
    2024  Q2 | Q3 | Q4
  3. Dallas MSA | TX
    2024  Q2 | Q3 | Q4
  4. Denver MSA | CO
    2024  Q2 | Q3 | Q4
  5. Flagstaff MSA | AZ
    2024  Q2 | Q3 | Q4
  6. Houston MSA | TX
    2024  Q2 | Q3 | Q4
  7. Las Vegas MSA | NV
    2024  Q2 | Q3 | Q4
  8. Los Angeles MSA | CA
    2024  Q2 | Q3 | Q4
  9. Orange County MSA | CA
    2024  Q2 | Q3 | Q4
  10. Phoenix MSA | AZ
    2024  Q2 | Q3 | Q4
  11. San Diego MSA | CA
    2024  Q2 | Q3 | Q4
  12. Tucson MSA | AZ
    2024  Q2 | Q3 | Q4
SERIES:
Multifamily Market Updates 2024
MARKET:

Flagstaff MSA | AZ

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Author: Jason D. Beakley, Certified General Appraiser
Published: July 10, 2024

Population Trends
Supply
Demand
Population Estimate
Total Households
Percentage of Income Qualified Households
Income Qualified Households Income Band
Propensity of Renter Occupied Housing
Existing Competitive Supply
Under Construction / Proposed Units
Total Projected Supply
Income Qualified Households (Current Demand)
Friction Vacancy (10%)
Potential Demand in Defined Income Band
Residual Demand
Indicated Penetration Rate
144,060
53,988
42.3%
22,837
45%
1,617
-
1,617
10,277
1,028
11,305
9,688
14.3%

Data sourced by Crexi, CoStar & US Census Bureau

Bruce D. Grennberg
FRICS | MAI | SRA | ASA | ARM
Managin Director | Principal
+1-480-440-2842 EXT. 01
Jason D. Beakley
CERTIFIED GENERAL APPRAISER
Director
+1-480-440-2842 EXT. 09