Home Vacancy Rate
: 3.4 percent Apartment Vacancy Rate
: 15.5 percent
The unemployment rate is below the national average at 8.4 percent, but Phoenix still suffers from an overbuilding hangover, with more than 20,000 apartments vacant. A positive sign: Jobs in the city's construction sector have begun to rise after taking a severe hit in the recession.
(David Liu/iStock Photo)