Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Sahuarita | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $422,654 | $340,223 | $242,182 |
| Price Trend (Annual %) | 16.3% | 12.4% | 8.2% |
| Median Gross Rent | $1,916 | $1,430 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 6.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sahuarita is about 24% higher than in Arizona. Rent is about 34% higher than the Arizona average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Sahuarita, up about 16.3% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Sahuarita rose about 42.4% between 2015 and 2023, from $1,346 to $1,916. Over the same span, rent in Arizona rose about 56.7%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Sahuarita.
Buying the median-priced home in Sahuarita costs roughly 18.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sahuarita. The price-to-rent ratio in Arizona is about 19.8.
| Metric | Sahuarita | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $422,654 | $340,223 | $242,182 |
| Median Household Income | $104,990 | $77,100 | $78,145 |
| Price-to-Income Ratio | 4.0 | 4.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sahuarita rose about 157.2%, while median household income rose about 44.7% between 2009 and 2023 — 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 | Sahuarita | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.0% | 59.6% | 58.2% |
| Rental Rate | 18.6% | 29.4% | 31.3% |
| Vacancy Rate | 10.4% | 11.0% | 10.6% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Sahuarita has a homeownership rate of 71.0%, higher than the Arizona average of 59.6%. Its housing vacancy rate is 10.4%, compared with 11.0% in Arizona.
Housing Stock
| Metric | Sahuarita | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.10 people | 2.54 people | 2.54 people |
| Median Structure Built Year | 2004 | 1990 | 1978 |
| Median Number of Rooms | 6.4 | 5.3 | 5.5 |
The typical housing unit in Sahuarita was built around 2004. On average, 3.1 people live in a home with about 6.4 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sahuarita, Arizona.
What is the median home price in Sahuarita, Arizona?
The median home price in Sahuarita, Arizona is $422,654, higher than the Arizona average of $340,223.
What is the average home price in Sahuarita, Arizona?
The typical home price in %s, reported as the median sale price, is %s. 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 Sahuarita, Arizona?
The median gross rent in Sahuarita, Arizona is $1,916 per month, higher than the Arizona average of $1,430.
What was the median gross rent in Sahuarita in 2020?
In 2020, the median gross rent in Sahuarita, Arizona was $1,412 per month.
What is the price-to-rent ratio in Sahuarita, Arizona?
The price-to-rent ratio in Sahuarita, Arizona is about 18.4, meaning it would take roughly 18.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sahuarita.
Are home prices or rent rising faster in Sahuarita, Arizona?
Both home prices and rent are rising in Sahuarita, up about 16.3% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sahuarita, Arizona?
71.0% of households in Sahuarita, Arizona own their home, higher than the Arizona average of 59.6%.
What is the vacancy rate in Sahuarita, Arizona?
The housing vacancy rate in Sahuarita, Arizona is 10.4%, lower than the Arizona average of 11.0%.