The housing market in 85705 Tucson, AZ is doing relatively well compared to the national average. The median value of a home in this area is $234,700 while the US median home value is $338,100. Over the last year, house values in Tucson have appreciated 13.29%, much higher than the 8.27% appreciation rate seen nationally. This demonstrates that the area is seeing healthy economic growth and presents an opportunity for buyers who want to get into the market at a good price.
The median home cost in Tucson (zip 85705) is $234,700. Home appreciation the last 10 years has been 136.6%. Home Appreciation in Tucson (zip 85705) is up 21.2%.
Average Age of Homes
- The median age of Tucson (zip 85705) real estate is 40 years old
The Rental Market in Tucson (zip 85705)
- Renters make up 48.1% of the Tucson (zip 85705) population
- 2.9% of houses and apartments in Tucson (zip 85705), 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.