For the most part, rent rates have remained stable in the Tucson area for the past couple months. Some areas, such as the West and Northwest parts of Tucson have shown an average of $200 a month increase in rental rates - and they are also the areas that have the most number of rentals on the market as well as the longest days on market.
If you have a home you want to rent, or that is coming up for rent - it's natural thought to want to raise the rent amount. However, it is better to keep the amount at or below market to avoid lengthy "days on market" - also known as "vacant" - especially if there are numerous homes available to potential tenants!
If you are unsure about rent pricing, it's always best to hire a property manager to help!
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 .