The housing market in Tucson, AZ is thriving. The median value of homes in the area is $303,400, which is slightly lower than the US house median value of $338,100. However, the 1 year house appreciation in Tucson is 13.29%, well above the US house appreciation of 8.27%. This indicates that Tucson's housing market is steadily increasing in value and could be a great investment opportunity for home buyers looking to purchase property.
The median home cost in Tucson is $303,400. Home appreciation the last 10 years has been 136.6%. Home Appreciation in Tucson is up 21.2%.
Average Age of Homes
- The median age of Tucson real estate is 40 years old
The Rental Market in Tucson
- Renters make up 44.4% of the Tucson population
- 2.8% of houses and apartments in Tucson, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.