Tucson, Arizona Housing Market Prices
Tucson 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.
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Median home price 19% below the Arizona median$298,493
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Median rent 27% below the Arizona median$1,133
Housing Market Overview
| Metric | Tucson | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $298,493 | $367,851 | $248,835 |
| Price Trend (Annual %) | 11.9% | 11.9% | 7.5% |
| Median Gross Rent | $1,133 | $1,543 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 6.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tucson is about 19% lower than in Arizona. Rent is about 27% lower 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 Tucson, up about 11.9% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Tucson rose about 50.9% between 2015 and 2024, from $751 to $1,133. Over the same span, rent in Arizona rose about 69.1%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Tucson.
Buying the median-priced home in Tucson costs roughly 22.0 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 Tucson. The price-to-rent ratio in Arizona is about 19.9.
| Metric | Tucson | Arizona Avg | US Average |
|---|---|---|---|
| Median Home Price | $298,493 | $367,851 | $248,835 |
| Median Household Income | $56,396 | $80,381 | $80,455 |
| Price-to-Income Ratio | 5.3 | 4.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tucson rose about 168.9%, while median household income rose about 41.5% 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 | Tucson | Arizona Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.7% | 60.3% | 58.5% |
| Rental Rate | 44.2% | 29.2% | 31.2% |
| Vacancy Rate | 8.1% | 10.6% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Tucson has a homeownership rate of 47.7%, lower than the Arizona average of 60.3%. Its housing vacancy rate is 8.1%, compared with 10.6% in Arizona.
Housing Stock
| Metric | Tucson | Arizona Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.53 people | 2.53 people |
| Median Structure Built Year | 1979 | 1991 | 1978 |
| Median Number of Rooms | 4.8 | 5.3 | 5.5 |
The typical housing unit in Tucson was built around 1979. On average, 2.3 people live in a home with about 4.8 rooms, staying for about 11.0 years on average.
Tucson, AZ Housing Compared With Nearby Cities
How Tucson, AZ compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Tucson, AZ | 533,483 | $298,493 #2/2 | $1,133 #2/2 | 51.9% #2/2 |
| Catalina Foothills, AZ | 53,988 | $437,455 | $1,459 | 74.8% |
Frequently Asked Questions
Common questions about the housing market in Tucson, Arizona.
What is the median home price in Tucson, Arizona?
The median home price in Tucson, Arizona is $298,493, lower than the Arizona average of $367,851.
What is the average home price in Tucson, Arizona?
The typical home price in Tucson, Arizona, reported as the median sale price, is $298,493. 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 Tucson, Arizona?
The median gross rent in Tucson, Arizona is $1,133 per month, lower than the Arizona average of $1,543.
What was the median gross rent in Tucson in 2020?
In 2020, the median gross rent in Tucson, Arizona was $852 per month.
What is the price-to-rent ratio in Tucson, Arizona?
The price-to-rent ratio in Tucson, Arizona is about 22.0, meaning it would take roughly 22.0 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 Tucson.
Are home prices or rent rising faster in Tucson, Arizona?
Both home prices and rent are rising in Tucson, up about 11.9% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tucson, Arizona?
47.7% of households in Tucson, Arizona own their home, lower than the Arizona average of 60.3%.
What is the vacancy rate in Tucson, Arizona?
The housing vacancy rate in Tucson, Arizona is 8.1%, lower than the Arizona average of 10.6%.
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