Tanque Verde, Tucson, AZ—85715
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tanque Verde, Tucson, AZ
As of Oct '25, the median home price in Tanque Verde, Tucson, AZ is $377,000, with a year-over-year change of -3.4%. This indicates that home prices in Tanque Verde, Tucson, AZ are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $377,000 | -3.4% |
| Single Family | $397,000 | -3.4% |
| Condos | $241,000 | -3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $244,000 | -2.8% |
3 Bed | $391,000 | -3.7% |
4 Bed | $453,000 | -2.8% |
| 5 Bed | $548,000 | -0.9% |
% of Housing Stock
Rental Trends — Tanque Verde, Tucson, AZ
As of July '25, Rentcast reports the average rent in Tanque Verde, Tucson, AZ is $1,970, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Tanque Verde, Tucson, AZ is studios: $650, 1-bedrooms: $1,140, 2-bedrooms: $1,420, 3-bedrooms: $2,240, 4-bedrooms: $2,750. The most common rental property sizes in Tanque Verde, Tucson, AZ are 2-bedroom and 3-bedroom, accounting for 45.6% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $1,970 |
| Studio Rent | $650 | $650 |
| 1 Bed Rent | $1,080 | $1,140 |
| 2 Bed Rent | $1,350 | $1,420 |
| 3 Bed Rent | $2,200 | $2,240 |
| 4 Bed Rent | $2,200 | $2,750 |
% of Rental Stock
Property Listings — Tanque Verde, Tucson, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Tanque Verde, Tucson, AZ is 53. This is a increase of 20.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $395,000 | -3.0% |
Listing Count | 122 | 39.0% |
| Listings as % of Homes | 0.8% | 39.0% |
Days on Market | 53 | 20.0% |
Demographics — Tanque Verde, Tucson, AZ
As of the latest ACS Survey released in 2023, Tanque Verde, Tucson, AZ has a population of 19,500, which has increased by 13.9% over the past 5 years. Tanque Verde, Tucson, AZ is a less popular place for families, as children make up 14.2% of the population. The area has a highly educated workforce, with 46.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,500 | 13.9% |
% Under 18 | 14.2% | -11.8% |
% Seniors | 25.5% | 0.4% |
% WFH | 21.1% | 520.6% |
% w/ College Degree | 46.9% | 0.9% |
As of the latest ACS Survey released in 2023, Tanque Verde, Tucson, AZ is a predominantly white area, with 68.4% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Tanque Verde, Tucson, AZ is hispanic, making up 20.7% of the population. Foreign-born residents account for 8.3% of the population in Tanque Verde, Tucson, AZ, and this percentage has increased by 10.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 68.4% | -6.3% |
% Black | 2.8% | -15.2% |
% Hispanic | 20.7% | 8.9% |
% Asian | 2.1% | -8.7% |
% Foreign Born | 8.3% | 10.7% |
Mortgage and Risk — Tanque Verde, Tucson, AZ
Tanque Verde, Tucson, AZ lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Tanque Verde, Tucson, AZ
As of 2024, the percent of homes in Tanque Verde, Tucson, AZ under the Section 8 program is 2.0%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Tanque Verde, Tucson, AZ, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 62 |
Total Units Section 8 | 61 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,080 | $1,180 |
| 2 Bedroom | $190 | $1,350 | $1,540 |
| 3 Bedroom | -$40 | $2,200 | $2,160 |
| 4 Bedroom | $300 | $2,200 | $2,500 |
Affordability — Tanque Verde, Tucson, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $377,000 |
| Median Household Income | $82,700 |