According to the city of Tucson statistics, demand for new housing in the Tucson area is expected to remain strong throughout 2019.
As of April 2019, average rent for an apartment in Tucson, AZ is $860. On average one bedroom apartments in Tucson rent for $708 a month, and two bedroom apartment rent for $847.
To check out Tucson’s Average Rent by neighborhood read the entire article here
Below are 5 top reasons why you should invest in Tucson Rental Real Estate:
Tucson is the second largest city in the state of Arizona with a population of just over half a million people.
1. The Large Student Market
Tucson is home to the University of Arizona. This institution is the second largest private employer in the city. That college population is 45,000 students.
2.The Military Market
Tucson is known for having a large military base. It employs around 8,000 people.
3. Strong Job Market
Demand is driven by the strong job market. Many companies necessary to support the military base such as Raytheon Missile Systems, employ around 10,000 people. Additionally Tucson is home to a variety of governmental agencies.
4. The Area’s Demographic
The median age of Tucson residents is 33, this is a few years lower than the national median age. After graduating, many students stay in Tucson, buy property, and raise their families.
5. Low Property Taxes
Tucson is located in Pima County. Pima county sets its own property tax rates for home owning residents. Property tax per one hundred dollars of assessed value is much lower than other cities in the state of Arizona.
“Arizona ranks 38th out of 50 states in the property taxes paid as a percentage of the property’s value. That average rate was 0.70%. The national average is 1.19%
Arizona counties and cities can tack on their own property tax bill.”
At Whirlygig Properties we search for and analyze investment opportunities. We look for properties that provide high value and long- term appreciation. Feel secure knowing you have business partners with a long-standing, trustworthy track record.
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