The median residence value in Tucson is $160, 800. Tucson house values went up 8.0per cent within the last year and Zillow predicts they will certainly rise 5.1per cent over the following 12 months. The median record price per square foot in Tucson is $117, which can be lower than the Tucson Metro average of $122. The median cost of houses at this time listed in Tucson is $180, 000. The median lease cost in Tucson is $1, 050, which can be below the Tucson Metro median of $1, 100.
Foreclosures will be an issue affecting home values in the next several years. In Tucson 2.0 domiciles tend to be foreclosed (per 10, 000). This will be more than the Tucson Metro worth of 1.8 also more than the national value of 1.4
Home loan delinquency may be the initial step in property foreclosure procedure. This is how a homeowner doesn't make home financing payment. The % of delinquent mortgages in Tucson is 0.0%, which can be lower than the national value of 0.0percent. With U.S. home values having dropped by above 20percent nationwide from their particular top in 2007 until their particular trough in late 2011, numerous residents are actually underwater to their mortgages, indicating they owe above their house may be worth. The percent of Tucson residents underwater on their mortgage is 0.2per cent, which is higher than Tucson Metro at 0.2per cent.