Home Values

Tucson Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$135,800

  • 5.0% 1-year change
  • 3.4% 1-year forecast

The median home value in Tucson is $135,800. Tucson home values have gone up 5.0% over the past year and Zillow predicts they will rise 3.4% within the next year. The median list price per square foot in Tucson is $105, which is lower than the Tucson Metro average of $110. The median price of homes currently listed in Tucson is $159,950 while the median price of homes that sold is $158,170. The median rent price in Tucson is $900, which is lower than the Tucson Metro median of $995.

Foreclosures will be a factor impacting home values in the next several years. In Tucson 6.6 homes are foreclosed (per 10,000). This is greater than the Tucson Metro value of 5.4 and also greater than the national value of 4.2

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 4.2%, which is lower than the national value of 6.4%. 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 26.8%, which is higher than Tucson Metro at 26.1%.

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Relative ZHVI
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Tucson Market Overview

Data through Nov 30, 2014
  • $135,800 ZHVI
  • 3.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $159,950 Median listing price
  • $158,170 Median sale price
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Tucson Market Health

Data through Nov 30, 2014
  • 3.3/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 26.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

6.6 homes Tucson
5.4 homes Tucson Metro
4.2 homes United States
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Neighborhoods in Tucson

Name Median ZHVI
Rosemont West $148,000
Colonia Del Valle $142,700
San Gabriel $131,400
Name Median ZHVI
Terra Del Sol $127,500
Corbett $105,100
Stella Mann $103,200
Name Median ZHVI
Myers $97,600
Julia Keen $88,300
 

Listings & Sales

Data through Nov 30, 2014
  • $105 Median list price / sq ft
  • $101 Median sale price / sq ft
  • No data Listings with price cut
25.3%
Sold below listing
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Tucson Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,004 Tucson
    $1,104 Tucson Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $900 Rent list price
  • $0.76 Rent list price / sq ft
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