Phoenix ranks 16th nationwide for its share of micro-housing, with nearly 5% of its rental stock made up of units under 424 square feet. These compact homes rent for about 35% less than traditional apartments, offering an affordable option for younger renters, especially Gen Z. Despite limited self-storage availability, the city’s embrace of smaller living spaces is helping address housing shortages in a fast-growing urban market.
Source: https://azbigmedia.com/real-estate/phoenix-ranks-16th-in-the-nation-for-micro-housing-supply/
