Tucson, AZ is a great place to consider for a housing purchase. With a median value of $290,100, it is significantly lower than the US house median value of $338,100. Despite the difference in prices, Tucson’s housing market has still seen an impressive increase in appreciation with a one year appreciation rate of 13.29%, nearly 5 points higher than the US average of 8.27%. The housing market in Tucson provides potential buyers with an opportunity to buy into a growing market at an affordable price.
The median home cost in Tucson (zip 85716) is $290,100. Home appreciation the last 10 years has been 136.6%. Home Appreciation in Tucson (zip 85716) is up 21.2%.
Average Age of Homes
- The median age of Tucson (zip 85716) real estate is 55 years old
The Rental Market in Tucson (zip 85716)
- Renters make up 54.5% of the Tucson (zip 85716) population
- 4.6% of houses and apartments in Tucson (zip 85716), 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.