Armory Park, Tucson, AZ—85701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Armory Park, Tucson, AZ
As of Oct '25, the median home price in Armory Park, Tucson, AZ is $408,000, with a year-over-year change of -3.4%. This indicates that home prices in Armory Park, Tucson, AZ are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $408,000 | -3.4% |
| Single Family | $436,000 | -3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $414,000 | -3.0% |
3 Bed | $555,000 | -1.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Armory Park, Tucson, AZ
As of July '25, Rentcast reports the average rent in Armory Park, Tucson, AZ is $1,320, with a year-over-year rent change of -14.8%. Per bedroom, the median rent as of July '25 in Armory Park, Tucson, AZ is studios: $1,150, 1-bedrooms: $1,260, 2-bedrooms: $1,430, 3-bedrooms: $1,950. The most common rental property sizes in Armory Park, Tucson, AZ are 1-bedroom and studio, accounting for 47.0% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,220 | $1,320 |
| Studio Rent | $995 | $1,150 |
| 1 Bed Rent | $1,220 | $1,260 |
| 2 Bed Rent | $1,500 | $1,430 |
| 3 Bed Rent | $1,400 | $1,950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Armory Park, Tucson, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Armory Park, Tucson, AZ is 114. This is a increase of 91.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | -10.0% |
Listing Count | 35 | 95.0% |
| Listings as % of Homes | 0.6% | 95.0% |
Days on Market | 114 | 91.0% |
Demographics — Armory Park, Tucson, AZ
As of the latest ACS Survey released in 2023, Armory Park, Tucson, AZ has a population of 5,170, which has decreased by -3.3% over the past 5 years. Armory Park, Tucson, AZ is a less popular place for families, as children make up 8.7% of the population. The area has a highly educated workforce, with 56.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,170 | -3.3% |
% Under 18 | 8.7% | -49.1% |
% Seniors | 17.6% | 57.1% |
% WFH | 27.8% | 546.5% |
% w/ College Degree | 56.8% | 15.7% |
As of the latest ACS Survey released in 2023, Armory Park, Tucson, AZ is a predominantly white area, with 48.7% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Armory Park, Tucson, AZ is hispanic, making up 35.6% of the population. Foreign-born residents account for 12.1% of the population in Armory Park, Tucson, AZ, and this percentage has decreased by 15.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 48.7% | -1.4% |
% Black | 2.4% | -33.3% |
% Hispanic | 35.6% | -0.6% |
% Asian | 3.4% | -30.6% |
% Foreign Born | 12.1% | -15.4% |
Mortgage and Risk — Armory Park, Tucson, AZ
According to HUD data as of 2023, there were 48 mortgage originations in Armory Park, Tucson, AZ, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Armory Park, Tucson, AZ. Investor activity is low, as 6.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 48 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Armory Park, Tucson, AZ
Armory Park, Tucson, AZ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 328 |
Total Units Section 8 | 137 |
% Rentals under Section 8 | 5.8% |
% Occupied Section 8 | 82.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,220 | $1,160 |
| 2 Bedroom | $10 | $1,500 | $1,510 |
| 3 Bedroom | $720 | $1,400 | $2,120 |
| 4 Bedroom | N/A | N/A | $2,450 |
Affordability — Armory Park, Tucson, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8 |
| Median Home Price | $408,000 |
| Median Household Income | $52,700 |