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Housing

  1. Housing Stock
  2. Permits
  3. Ownership and Affordability
  4. Rental Units
  5. Additional Links

2010 Housing Statistics

 

 Amount

Annual Change

Average Sale Price:  

$201,710

-0.77%

Median Sale Price:

$157,680

-4.44%

Total Units Sold: 

1,169

+26.38%

Total Sales Volume: 

$235,799,289

 +25.40%

Average Days on Market:

69

-18.80%

Active Listings:  

6,799

-8.31%

Source: Tucson Board of Realtors, MLS, March 2010

Housing Stock

Q2 2009

  • Total Metro Area Housing Stock: 438,871 (up 0.9% over 2nd Q 2008) 
  • Single Family Units: 252,081 (57.4% of total units)
  • Townhouses: 32,640 (7.4% of total units)
  • Multifamily Units: 101,022 (23.0% of total units)
  • Mobile Homes: 53,128 (12.1% of total units

Pima County Residential Construction Distribution

 
2003
2004
2005
2006
2007

2008

Rank
 Northwest:
18.6%
18.2%
18.6%
11.0%
18.5%

27.3%

2
 Westside:
14.4%
12.8%
14.7%
10.4%
10.2%

7.2%

4
 Southeast:
18.6%
20.5%
23.9%
34.2%
31.2%

29.2%

1
Southwest:
27.0%
29.1%
26.7%
17.9%
20.0%

23.2%

3
 Casas Adobes:
4.2%
0.9%
1.2%
5.3%
2.9%

2.4%

7
 East:
5.9%
8.1%
3.0%
3.9
3.4%

1.1%

8
Catalina Foothills:
4.1%
2.3%
2.3%
2.6%
3.1%

2.9%

6
Central:
7.2%
7.9%
9.6%
14.6%
10.6%

6.8%


 

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Permits

Permits by Jurisdiction 2005-2008

Jurisdiction
2005
2006
2007
 
 
 
 
2008
Tucson Metro
      11,270
      7,831
4,846
 
3,331
Unincorporated Pima Co.
       4,924
      3,438
1,681
 
1,221
Tucson
       2,805
      2,480
1,016
 
597
Oro Valley
          751
        350
339
 
225
Marana
       1,776
        799
577
 
259
Sahuarita
       1,639
      1,240
856
 
739
So. Tucson
              8
            8
6
 
4
So. Pinal Co.
          562
        203
371
 
280
Source: Pima County Real Estate Research Council
 
 
 
 
 

 


 

Pima County Residential Building Permits

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Ownership and Affordability

According to Census 2000, owners formed 64 percent of all Pima County households, and the median value of all owner-occupied homes was $114,600. The median rent for all occupied rental units was $544, and about a third of metro area renters spent more than 35 percent of household income on rent.

In 2005, the American Community Survey reported that 65.1 percent of Pima households owned their home. Median rent was $633, up 16.4 percent since 2000. Approximately 39 percent of renters spend more than 35 percent of household income on rent. About 10.9 percent of owners spent over 35 percent on housing costs.

In 2006, Tucson home prices rose about 5.6 percent in all categories. The average sales price rose from $253,556 in 2005 to $267,855. Sales did slow somewhat with days on the market increasing from 33 days to 50 in 2006. The following link leads to a chart of sales price and days on the market over the past decade.

As the affordability of new single-family housing has lessened, used housing has acted as a substitute. Growth in real incomes has not kept pace with housing costs, an issue that is coming to the forefront regionally. When housing returns to be priced as shelter rather than an investment, stability will return to the market.

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Rental Units

Multi-Family Housing: Estimates for Fair Market Rents, FY 2010

 
Pima Co.
 
Studio:
$540
 
1-bedroom:
$635
 
2-bedroom:
$815
 
3-bedroom:
$1,174
 
4-bedroom:
$1,240
 

Source: HUD

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Additional Links

Residential Permit History and Home Sales Links

Residential Home Sales - Pima County

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