Phoenix

Phoenix Boasts 64,000 Homes In Five Years, But Affordable Units Still Trail

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Published on February 26, 2026
Phoenix Boasts 64,000 Homes In Five Years, But Affordable Units Still TrailSource: City of Phoenix

Phoenix officials say that, working with partners, they have created or preserved more than 64,000 homes over the last five years. The city’s housing account also reports that 2,500-plus affordable units are currently in the pipeline. Leaders credit a steady run of public private projects and redevelopment of city land for the surge, even as housing advocates warn that affordability remains a serious shortfall.

City Puts Out New Housing Count

The Housing Phoenix Plan quarterly report for October–December 2025 lists a total of 64,462 units created or preserved to date, with the city sorting the tally into affordable, workforce and market-rate categories. The summary breaks out roughly 6,849 affordable units created and 6,127 preserved, or about 12,976 affordable units in all, plus 16,112 workforce homes and 35,374 market-rate homes, according to the City of Phoenix.

What “Created Or Preserved” Really Means

The report notes that “new units created are based on certificate of occupancy data,” according to the City of Phoenix. Preserved units, the materials explain, include projects backed through landlord incentives, rental rehabilitation and community land-trust efforts, a mix that can make pipeline totals look bigger than the number of homes that are already finished and occupied.

Pipeline And Where The New Affordable Homes Will Go

The city’s housing account also pushed the topline numbers out on X, saying “2,500+ affordable units are underway” as part of the update, according to the City of Phoenix. City documents describe roughly 140 city-owned parcels tagged for residential redevelopment, recent RFPs for Sunnyslope and the Isaac Redevelopment Area, and featured projects such as an 80-unit senior development and a planned 250-unit mixed-use site at Central and Columbus, according to the City of Phoenix Newsroom.

Big Picture: Lots Of Building, Still A Big Shortfall

Independent coverage has noted that the Valley has led the country in raw housing production. Maricopa County added more than 38,000 homes in a recent year, and most of that growth has been market-rate, according to The Real Deal. City presentations still show a shortfall of tens of thousands of affordable units for very-low-income households, underscoring that hitting a big overall unit target by itself does not close the affordability gap.

City officials say that a combination of zoning changes, gap financing and the use of municipal land is designed to speed up affordable and workforce production. Advocates counter that the level of subsidies will have to grow for low-income renters to feel real relief. For now, the updated 64,000-plus figure lays out the sheer size of Phoenix’s recent housing push, and the next test will be turning those pipeline promises into homes people can actually afford.

Phoenix-Real Estate & Development