By Bob Burns | Fountain Hills Times
Zumper, a digital marketplace for renters is reporting that Fountain Hills is now the costliest market in the Phoenix area for rental properties.
In a recent report, Zumper states that while many Valley cities have seen rental costs declining there was an 11.5% increase for rentals in Fountain Hills between May 2023 and May 2024.
Town of Fountain Hills Economic Development Director Amanda Jacobs said while her office tracks occupancy of local rental properties, it does not monitor costs. She said the town has no ability to control rental pricing.
However, Jacobs said the supply of rental housing in town is something she has taken note of over the past couple of years.
“For over two years I have expressed a supply/demand issue when it comes to apartments,” Jacobs said in an email to The Times Independent. “The occupancy rate has consistently remained over 90%.”
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