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Tucson Rental Market Statistics 2015

The question of the year, "Should I raise rents?"  My answer always is - it depends.  Each landlord and tenant are different and though the rental market seems to be improving - it generally correlates with the interest rates on home purchases, the time of year, and other factors.

Looking at 2012 - the average rent for a single family residence in Tucson was $598 a month, in 2013, it jumped to $785, and in 2014 dropped to $737.  Perhaps 2015 will bring a rise, but for now, the advice would be to remain stable over incurring a vacancy and check the market again when leases are due to expire.

Below are some highlights from the December Rental Statistics from the Tucson MLS:

 Total Active listings for December - 994

 Number of properties rented this month - 365

 Average monthly rent for Apartments - $433

 Average monthly rent for Condominiums - $795

 Average monthly rent for Mobile Homes - $580

 Average monthly rent for Manufactured Single FamilyResidence’s - $737

 Average monthly rent for Patio Homes - $975

 Average monthly rent for Plex’s - $576

 Average monthly rent for Single Family Residence’s - $1,177

 Average monthly rent for Townhomes - $907

 Average Days on Market - 62

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 1 commentGabrielle Kamahele Rhind • January 09 2015 03:03AM

Comments

It is so nice to wake up to your smiling face once more (Great new photo Gabrielle Kamahele Rhind .)

This data is really eye opening too. That break down is very helpful for anyone planning to rent and what to rent; that fits into their price budget...

Posted by Paul S. Henderson, REALTOR®,CRS,, Tacoma Washington Agent/Broker & Market Authority! (RE/MAX Professionals.) over 3 years ago

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