Below are some highlights from the February Rental Statistics from the Tucson Association of Realtors monthly reporting:
Total Active listings for February - 862
Number of properties rented this month - 397
Average monthly rent for Apartments - $558
Average monthly rent for Condominiums - $794
Average monthly rent for Mobile Homes - $692
Average monthly rent for Manufactured Single Family Residence’s - $792
Average monthly rent for Plex’s - $547
Average monthly rent for Single Family Residence’s - $1,176
Average monthly rent for Townhomes - $972
Average Days on Market - 62
Tucson patio homes showed no activity in February.
What are the biggest changes? Mostly drops in rent prices - Tucson condos dropped an average of $27 a month; single family residence rental prices dropped an average of $22 a month. Of the 862 active rental listings - roughly 54 percent did not get rented. Tucson's east side remains the strongest rental area - with a total number of 52 active listings - 43 of them were rented.
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 .