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Rentals Near The University Of Arizona - What Does It Cost?

The past couple weeks I have written several posts about homes for sale in a variety of neighborhoods around the University of Arizona in Tucson.

The question of the "posts" has been - is it cheaper to buy than rent and what does it cost to rent a home near the University?

Here is the answer: it costs a lot to rent!

 

As of today - here are the statistics that takes into account units that are a minimum two bedroom/two bath:

Number of units available in the University area for rent (zip codes 75705, 85716, 85712 only) - 193

Number of units that are at least a 2/2:  94

The highest rent amount?  $ 4,500 for a single family residence

The lowest rent amount for an apartment dwelling?  $500

Average rent amount that includes only condos, townhomes and SFR - $1,428.00

Now the big question - is it cheaper to buy?  Well, let's do some quick math based on an average home in the UA area that costs $150,000.  

 With only the minimum down and depending on your credit and other factors - an average monthly mortgage payment is between $800 and $920 a month.

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 • April 02 2015 04:07AM

Comments

For those looking for a rental near the University of Arizona, the best thing you can do is call Gabrielle!

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) about 3 years ago

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