Flowing Wells, Tucson, AZ—85704
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Flowing Wells, Tucson, AZ
As of Oct '25, the median home price in Flowing Wells, Tucson, AZ is $442,000, with a year-over-year change of -2.3%. This indicates that home prices in Flowing Wells, Tucson, AZ are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $442,000 | -2.3% |
| Single Family | $472,000 | -2.5% |
| Condos | $232,000 | -1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $131,000 | -7.7% |
2 Bed | $288,000 | -3.0% |
3 Bed | $435,000 | -2.7% |
4 Bed | $570,000 | -1.9% |
| 5 Bed | $699,000 | -1.0% |
% of Housing Stock
Rental Trends — Flowing Wells, Tucson, AZ
As of July '25, Rentcast reports the average rent in Flowing Wells, Tucson, AZ is $2,220, with a year-over-year rent change of 11.0%. Per bedroom, the median rent as of July '25 in Flowing Wells, Tucson, AZ is studios: $982, 1-bedrooms: $1,310, 2-bedrooms: $2,890, 3-bedrooms: $2,000, 4-bedrooms: $2,760. The most common rental property sizes in Flowing Wells, Tucson, AZ are 2-bedroom and 1-bedroom, accounting for 49.0% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,220 |
| Studio Rent | $966 | $982 |
| 1 Bed Rent | $1,250 | $1,310 |
| 2 Bed Rent | $2,700 | $2,890 |
| 3 Bed Rent | $1,900 | $2,000 |
| 4 Bed Rent | $2,500 | $2,760 |
% of Rental Stock
Property Listings — Flowing Wells, Tucson, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Flowing Wells, Tucson, AZ is 60. This is a increase of 21.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $444,000 | 3.0% |
Listing Count | 124 | 6.0% |
| Listings as % of Homes | 0.7% | 6.0% |
Days on Market | 60 | 21.0% |
Demographics — Flowing Wells, Tucson, AZ
As of the latest ACS Survey released in 2023, Flowing Wells, Tucson, AZ has a population of 34,600, which has increased by 7.0% over the past 5 years. Flowing Wells, Tucson, AZ is a moderately popular place for families, as children make up 15.0% of the population. The area has a highly educated workforce, with 51.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,600 | 7.0% |
% Under 18 | 15.0% | -7.4% |
% Seniors | 29.3% | 10.6% |
% WFH | 12.8% | 113.3% |
% w/ College Degree | 51.2% | 21.0% |
As of the latest ACS Survey released in 2023, Flowing Wells, Tucson, AZ is a predominantly white area, with 72.7% of the population identifying as white. The white population has grown by 4.8% in the last 5 years. The second most common race or ethnicity in Flowing Wells, Tucson, AZ is hispanic, making up 17.2% of the population. Foreign-born residents account for 9.3% of the population in Flowing Wells, Tucson, AZ, and this percentage has decreased by 19.1% 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 | 72.7% | 4.8% |
% Black | 0.9% | -50.0% |
% Hispanic | 17.2% | -17.7% |
% Asian | 4.1% | -18.0% |
% Foreign Born | 9.3% | -19.1% |
Mortgage and Risk — Flowing Wells, Tucson, AZ
According to HUD data as of 2023, there were 371 mortgage originations in Flowing Wells, Tucson, AZ, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Flowing Wells, Tucson, AZ. Investor activity is low, as 2.0% 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 | 371 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Flowing Wells, Tucson, AZ
As of 2024, the percent of homes in Flowing Wells, Tucson, AZ under the Section 8 program is 0.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Flowing Wells, Tucson, AZ, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 39 |
Total Units Section 8 | 39 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,250 | $1,200 |
| 2 Bedroom | -$1,130 | $2,700 | $1,570 |
| 3 Bedroom | $300 | $1,900 | $2,200 |
| 4 Bedroom | $50 | $2,500 | $2,550 |
Affordability — Flowing Wells, Tucson, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $442,000 |
| Median Household Income | $76,900 |