There are currently 250,769 real estate properties in Tucson, AZ, with a median automated valuation model (AVM) price of $341,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Tucson, AZ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Tucson, AZ, is $412,849.00, with the most expensive house in Tucson, AZ, topping out at $45,559,600.00 and the cheapest home in Tucson, AZ, clocking in at $22,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Tucson, AZ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tucson, AZ, is on a rollercoaster ride. The average rent price in Tucson, AZ, is $1,469.00. Indeed, when looking to rent in Tucson, AZ, you can expect to pay as little as $490.00 or as much as $5,700.00, with the average rent median estimated to be $1,370.00. The good news is that finding an affordable and desirable property to rent in Tucson, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Tucson, AZ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Tucson, AZ and much more. Save thousands at closing with home foreclosure listings in Tucson, AZ — up to 75% off market value!
Tucson is located in Pima, Arizona, with an estimated municipal population of 548,073 residents. All of the best foreclosed homes for sale in Tucson are located in the following zip code areas on Foreclosure.com: 85705 85707 85706 85756 85723 85726 85724 85701 85708 85711 85748 85745 85747 85716 85714 85715 85712 85713 85710 85719 85730 85702 85703 85709 85717 85720 85721 85722 85725 85731 85732 85738 85751 85754 85775. The estimated population per square kilometer (.62 miles) in Tucson is 889.
So, about how much do homes cost in Tucson? The most recent median value of resident-owned homes in Tucson is 150,443. An estimated 50.6 percent of households in Tucson own their homes, with an average family size of 3.19. The median household income in Tucson is 43,425, with15 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Tucson, the median commute time of resident workers (in minutes) is 22.5. And last, but certainly not least, are you looking for homes to rent in Tucson? If so, the average rent price paid by renters in Tucson is 846, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Tucson, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Tucson is 33.7, split between 49.8 percent male versus 50.2 female. The percentage of residents who report being married in Tucson is 36, with an average family size of 3.19.
The percentage of residents who report their race in Tucson is as follows:
|Black / African American||5.2%|
|American Indian / Alaskan Native||3.7%|
|Native Hawaiian / Other Pacifc Islander||0.2%|
Looking for family-friendly neighborhoods in and/or near Tucson? Or maybe you are searching for 55+ active adult communities in and/or near Tucson?
The percentage of residents who report their age in Tucson is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Tucson with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Tucson.
How do you know that living in -- or moving to -- Tucson is right where you need to be? Perhaps you grew up in Tucson or already live nearby; therefore, the decision to buy a home in Tucson is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Tucson for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Tucson:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Tucson.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Tucson can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Tucson, meanwhile, can field multiple offers from more qualified buyers.
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