Tucson’s housing market continues to attract buyers and investors with its affordability, consistent growth, and lifestyle appeal. With a median home value of $185,100 and steady appreciation rates, Tucson remains one of the most accessible metropolitan areas for homeownership in the Southwest. Lower-than-average rent prices and competitive listing rates make it appealing not only to first-time buyers but also to retirees and families relocating for a better quality of life. While foreclosures and underwater mortgages remain factors to monitor, the overall outlook points toward moderate growth and long-term value in this desert city.
Tucson’s Housing Market: Home Prices & Values
The median home value in Tucson is $185,100. Tucson home values have gone up 7.5% over the past year and Zillow predicts they will rise 0.6% within the next year. The median list price per square foot in Tucson is $135, which is lower than the Tucson Metro average of $136. The median price of homes currently listed in Tucson is $219,000 while the median price of homes that sold is $190,400. The median rent price in Tucson is $1,200, which is lower than the Tucson Metro median of $1,245.
Foreclosures will be a factor impacting home values in the next several years. In Tucson 0.8 homes are foreclosed (per 10,000). This is greater than the Tucson Metro value of 0.7 and also lower than the national value of 1.2
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Tucson is 0.9%, which is lower than the national value of 1.1%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Tucson homeowners underwater on their mortgage is 9.3%, which is higher than Tucson Metro at 9.2%.
Tucson’s Housing Market: Tucson Market Overview
Data through Oct 31, 2018
- $185,100 ZHVI
- 0.6% 1-yr forecast (Oct 31, 2019)
- $219,000 Median listing price
- $190,400 Median sale price
Data provided by Zillow.com
Tucson’s Housing Market: Neighborhoods in Tucson & Zillow Median Home Values
| Starr Pass | $201,300 |
| Westside Development | $156,400 |
| Drexel Heights | $146,600 |
| Midvale Park | $142,600 |
| A Mountain | $135,500 |
| Enchanted Hills | $127,900 |
| Menlo Park | $124,600 |
| Rose | $103,100 |
| Wakefield | $81,900 |
Tucson’s Housing Market: Housing Facts
- Average Sale Price: $236,838
- Total Units Sold: 15,932
- Total Sales Volume: $3,773,311,675
- Average Days on Market: 44
- Total Units Listed: 25,928
(Source: Tucson Association of Realtors, MLS, 2017 Year’s End)
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