Oro Valley, Arizona Housing Market Prices
Oro Valley Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 59% above the Arizona median$584,019
-
Median rent 10% above the Arizona median$1,704
Housing Market Overview
| Metric | Oro Valley | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $584,019 | $367,851 | $248,835 |
| Price Trend (Annual %) | 9.0% | 11.9% | 7.5% |
| Median Gross Rent | $1,704 | $1,543 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 6.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oro Valley is about 59% higher than in Arizona. Rent is about 10% higher than the Arizona average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Oro Valley, up about 9.0% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Oro Valley rose about 56.4% between 2015 and 2024, from $1,090 to $1,704. Over the same span, rent in Arizona rose about 69.1%.
Affordability
On average, housing unit costs 5.2 yearly household incomes in Oro Valley.
Buying the median-priced home in Oro Valley costs roughly 28.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Oro Valley. The price-to-rent ratio in Arizona is about 19.9.
| Metric | Oro Valley | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $584,019 | $367,851 | $248,835 |
| Median Household Income | $112,775 | $80,381 | $80,455 |
| Price-to-Income Ratio | 5.2 | 4.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Oro Valley rose about 138.9%, while median household income rose about 39.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Oro Valley | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.8% | 60.3% | 58.5% |
| Rental Rate | 17.7% | 29.2% | 31.2% |
| Vacancy Rate | 8.5% | 10.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Oro Valley has a homeownership rate of 73.8%, higher than the Arizona average of 60.3%. Its housing vacancy rate is 8.5%, compared with 10.6% in Arizona.
Housing Stock
| Metric | Oro Valley | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.53 people | 2.53 people |
| Median Structure Built Year | 1996 | 1991 | 1978 |
| Median Number of Rooms | 6.3 | 5.3 | 5.5 |
The typical housing unit in Oro Valley was built around 1996. On average, 2.3 people live in a home with about 6.3 rooms, staying for about 12.0 years on average.
Oro Valley, AZ Housing Compared With Nearby Cities
How Oro Valley, AZ compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Oro Valley, AZ | 39,216 | $584,019 #1/3 | $1,704 #1/3 | 80.6% #1/3 |
| Casas Adobes, AZ | 69,352 | $345,367 | $1,569 | 63.7% |
| Catalina Foothills, AZ | 53,988 | $437,455 | $1,459 | 74.8% |
Frequently Asked Questions
Common questions about the housing market in Oro Valley, Arizona.
What is the median home price in Oro Valley, Arizona?
The median home price in Oro Valley, Arizona is $584,019, higher than the Arizona average of $367,851.
What is the average home price in Oro Valley, Arizona?
The typical home price in Oro Valley, Arizona, reported as the median sale price, is $584,019. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Oro Valley, Arizona?
The median gross rent in Oro Valley, Arizona is $1,704 per month, higher than the Arizona average of $1,543.
What was the median gross rent in Oro Valley in 2020?
In 2020, the median gross rent in Oro Valley, Arizona was $1,371 per month.
What is the price-to-rent ratio in Oro Valley, Arizona?
The price-to-rent ratio in Oro Valley, Arizona is about 28.6, meaning it would take roughly 28.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Oro Valley.
Are home prices or rent rising faster in Oro Valley, Arizona?
Both home prices and rent are rising in Oro Valley, up about 9.0% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oro Valley, Arizona?
73.8% of households in Oro Valley, Arizona own their home, higher than the Arizona average of 60.3%.
What is the vacancy rate in Oro Valley, Arizona?
The housing vacancy rate in Oro Valley, Arizona is 8.5%, lower than the Arizona average of 10.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →