Tucson, AZ


Tucson, AZ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Tucson Housing Market Information

With a population of 530,706, 207,661 total housing units (homes and apartments), and a median house value of $160,424, Tucson real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Tucson, accounting for 52.46% of the city's housing units. Other types of housing that are prevalent in Tucson include large apartment complexes or high rise apartments ( 25.70%), row houses and other attached homes ( 8.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.31%).

People in Tucson primarily live in small (one, two or no bedroom) single-family detached homes. Tucson has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Tucson built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Tucson built between 1940-1969 ( 31.81%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.66%). There's also some housing in Tucson built before 1939 ( 3.79%).

Vacant housing appears to be an issue in Tucson. Fully 11.38% of the housing stock is classified as vacant. Left unchecked, vacant Tucson homes and apartments can be a drag on the real estate market, holding Tucson real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Tucson Home Appreciation Rates

Homes have actually lost value in Tucson over the last then years, as home values have seen a decline of 13.79% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Tucson home appreciation rates at 1.02%, which equates to an annual appreciation rate of 4.13%.

Appreciation rates are so strong in Tucson that despite a nationwide downturn in the housing market, Tucson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tucson appreciation rates continue to be some of the highest in America, at 8.79%, which is higher than appreciation rates in 83.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tucson. Tucson appreciation rates in the latest quarter were at 1.02%, which equates to an annual appreciation rate of 4.13%.

Relative to Arizona, our data show that Tucson's latest annual appreciation rate is higher than 70% of the other cities and towns in Arizona.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Tucson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tucson - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Tucson real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,260,754 0.3
$945,413 - $1,260,754 0.4
$630,530 - $945,412 1.3
$504,548 - $630,529 1.5
$378,180 - $504,547 4.5
$252,352 - $378,179 13.2
$126,042 - $252,351 43.4
$63,001 - $126,041 22.8
$0 - $63,000 12.5

Average for AZ
Average for Nation

Value Relative to Nation Value Relative to State
49.2379562043796 44.0

Number Of Homes And Apartments:

Tucson Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
58.34% 2.55%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,000 / per month

Homeownership Rate

Owners 46.46
Renters 53.54
Vacant 11.38

Housing Market Details


Age of Homes

2000 or Newer 13.7
1970 - 1999 50.7
1940 - 1969 31.8
1939 or Older 3.8

Types of Homes

Single-Family 52.5
Townhomes 8.0
Small Apt. Buildings 7.3
Apt. Complexes 25.7
Mobile Homes 6.3
Other 0.2

Home Size

No Bedroom 3.99
1 Bedroom 18.20
2 Bedrooms 29.15
3 Bedrooms 34.75
4 Bedrooms 12.40
5 or more bedrooms 1.52