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Tucson

Learn about the people, housing, costs and businesses in Tucson

Median Home$324,764
Median Rent$1,418/month
Population1,060,490
Leading IndustriesManufacturing · Healthcare · Arts, Food & Hospitality1% manufacturing
Home Value Growth⬆⬆+17.4% over 2 years
Retirees22% of residentsabove average nationally
Homeowners65% of occupied units
NotableVeteran Community9% of residents · top 18% nationally
Tucson

Frequently Asked Questions

What are today's mortgage rates in Tucson?

Mortgage rates for Tucson are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Tucson
What is the median home price in Tucson?

The median home value in Tucson is $325k. The median monthly rent is $1,418. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tucson?

Home values in Tucson have increased 17.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Tucson?

Based on a typical all-in ownership cost of $1,264/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tucson is $77k/year.

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What industries drive the economy in Tucson?

The largest employment sectors in Tucson are public administration (26%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.