Tucson, AZ
Pima County · Pop. 542,629
Ranked #105 of 243 cities
42Moderate
Median Home Price
🏠$300K
4.2% YoY
Median Rent
🔑$1,250
3.5% YoY
Median Income
💰$48K
Rent Burden
📊33.5%
% of income to rent
Income to Buy
🏦$86K
annual income needed
Income to Rent
📝$50K
annual income needed
Price-to-Income
⚖️6.3x
Homeownership
🏡54.0%
Rent vs. Buy
Buy
$1,597/mo
Est. mortgage (7%, 20% down)
Need $86K/yr income
Rent
$1,250/mo
Median rent
Need $50K/yr income
How Tucson Compares
| Metric | Tucson | Arizona | National |
|---|---|---|---|
| Home Price | $300K | $411K | $410K |
| Rent | $1,250 | $1,608 | $1,500 |
| Income | $48K | $77K | $75K |
| Rent Burden | 33.5% | 34.1% | 30.0% |
Key Takeaways
- • Home prices in Tucson are 27% lower than the national average.
- • Rent is 17% lower than the national average.
- • You need an income of $86K to comfortably buy a home here.
- • The homeownership rate is 54.0%, compared to 65.0% nationally.