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Tucson Rental Market Report January 2014

What a difference a month can make with rental prices in Tucson AZ!  Below are some highlights:

  • Rent prices have dropped an average of $150 per month.  The largest drop is on Tucson's North side of town - the average rent price dropped $450 per month.
  • Tucson's North and SE areas have the most number of Active rentals - 250 and 110 respectively - and both of those areas showed a decrease in average rent price over last month.
  • There were slight increases on Tucson's East, South, West, Northwest and Central areas of town.

Rent price ranges (in dollar amounts per month):

Tucson North:  595 - 2800          Tucson West: 625 - 4100              Tucson SE: 550 - 3900

Tucson East: 600 - 2495             Tucson Central: 395 - 4000

Tucson South: 450 - 2200           Tucson Northwest:  500 - 6000

Below is a chart comparing the current average rent per month in various Tucson neighborhoods:

Buying or selling Tucson real estate, Mt Lemmon, Tucson bank-owned homes, Tucson rental homes, or Tucson lease option homes? Visit www.KGCPropertiesLLC.com .

                                                 

 

This blog is written with my opinions and my opinions are  presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions.    Gabrielle Kamahele Rhind - 2014. If you want to reprint parts of this - just email me for my permission: KGCProperties@gmail.com .

 

Comment balloon 4 commentsGabrielle Kamahele Rhind • January 13 2014 02:35AM

Comments

Wow $450 per month decrease is hefty!  It looks like the northwest is the place to be

Posted by ReadySetLoan Condo Approval Team, The FHA/VA Condo Project Approval Specialists (ReadySetLoan Condo Team LLC) almost 5 years ago

Great news for renters in Tucson Gabrielle.  I hope prospective renters contact you now while the deals are plentiful.

Posted by Scott Larson, Park City, Utah Real Estate News (BHHS/Utah Properties) almost 5 years ago

Are there still some good rental buys in Tucson?

Posted by Will Allen (Concept 360 Property Management) almost 5 years ago

GOOD MORNING WILL - there are but you either have to "compete" to have the best offer, or you have to be willing to buy cheap, fix up then rent!

GOOD MORNING SCOTT - thank you Scott - me too!

GOOD MORNING ERIC - It is - I had to look at that number a couple times!

Posted by Gabrielle Kamahele Rhind, Broker/Owner (KGC Properties LLC, Tucson Property Management & Real Estate) almost 5 years ago

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