The housing market in Tucson, AZ Metro Area is a great option for those looking to buy a home. The median value of homes in this area is significantly lower than the US median at $314,100, making it an affordable option for first-time buyers. Additionally, the house appreciation in this area has been higher than the US average over the last year at 15.20%, meaning that homeowners can expect their investments to increase in value over time. With such an attractive housing market, Tucson, AZ Metro Area is a smart choice for anyone looking to buy a home.
The median home cost in Tucson Metro Area is $314,100. Home appreciation the last 10 years has been 131.3%. Home Appreciation in Tucson Metro Area is up 20.9%.
Average Age of Homes
- The median age of Tucson Metro Area real estate is 33 years old
The Rental Market in Tucson Metro Area
- Renters make up 33.2% of the Tucson Metro Area population
- 2.0% of houses and apartments in Tucson Metro Area, 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.