07/28/2026
The topic of Arizona running out of water is one I hear quite frequently - so here’s some real facts
- yes Arizona does use less water today with a population 7x what it was in 1957. How is that? Because we have less irrigated farmland as the state urbanized to neighborhoods, businesses and industrial
- agriculture still uses 72% of water where as municipals only use about 22%
- the enactment of the 1980 Arizona Groundwater Management Act
Arizona does still face long-term water supply issues, we rely on the Colorado River about 33% (Nevada relies 100% on the Colorado River)
However, Arizona is widely recognized as one of the world’s leading examples of water management in an arid region.
What is this long term water supply going to do? It’s going to limit the amount of housing supply that can be built here.
And with a lower supply of homes with a rapid growing population what is that going to do to home prices?
Over time it will continue to push home prices up and my prediction is we will eventually have an average home price similar to our sister markets (California, Washington, New York)
What are your thoughts?
