View in Interactive Map
  1. Home
  2. /Browse ZIP Codes
  3. /Arizona
  4. /Tucson
  5. /Miracle Mile, Tucson, AZ - 85705

Miracle Mile, Tucson, AZ—85705

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$254,000
3.9% YoY Growth
Household Income
$36,600
32.4% YoY Growth
Days on Market
52
2.0% Shorter YoY
Home Price Forecast
-1.1%
Median Rent
$1,100
5.4% YoY Growth
1-Bed Rent
$849
6.1% YoY Growth
2-Bed Rent
$1,150
0.8% YoY Growth
3-Bed Rent
$1,650
1.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Miracle Mile, Tucson, AZ

As of May '26, the median home price in Miracle Mile, Tucson, AZ is $254,000, with a year-over-year change of -3.9%. This indicates that home prices in Miracle Mile, Tucson, AZ are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$254,000-3.9%
Single Family $260,000-3.7%
Condos $172,000-8.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

Browse ZIP Codes by State

All states and cities →
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Affordability
  • Rentals and Section 8
    • $179,000
    -11.8%
    2 Bed
    		$217,000-6.5%
    3 Bed
    		$277,000-2.8%
    4 Bed
    		$304,000-1.9%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    9.7%
    1 Bedroom
    22.7%
    2 Bedrooms
    39.1%
    3 Bedrooms
    22.6%
    4 Bedrooms
    5.0%
    5+ Bedrooms
    0.9%

    Rental Trends — Miracle Mile, Tucson, AZ

    As of July '25, Rentcast reports the average rent in Miracle Mile, Tucson, AZ is $1,220, with a year-over-year rent change of -5.4%. Per bedroom, the median rent as of July '25 in Miracle Mile, Tucson, AZ is studios: $760, 1-bedrooms: $879, 2-bedrooms: $1,230, 3-bedrooms: $1,680, 4-bedrooms: $2,070. The most common rental property sizes in Miracle Mile, Tucson, AZ are 2-bedroom and 1-bedroom, accounting for 36.9% and 32.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,100$1,220
    Studio Rent $725$760
    1 Bed Rent $849$879
    2 Bed Rent $1,150$1,230
    3 Bed Rent $1,650$1,680
    4 Bed Rent $2,100$2,070
    Loading chart...

    % of Rental Stock

    Studio
    13.4%
    1 Bedroom
    32.6%
    2 Bedrooms
    36.9%
    3 Bedrooms
    12.9%
    4 Bedrooms
    3.7%
    5+ Bedrooms
    0.4%

    Property Listings — Miracle Mile, Tucson, AZ

    As of May '26, Realtor.com reports that the median days on market for a home in Miracle Mile, Tucson, AZ is 52. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$300,000-5.0%
    Listing Count
    		10515.0%
    Listings as % of Homes0.2%15.0%
    Days on Market
    		52-2.0%
    Loading chart...

    Demographics — Miracle Mile, Tucson, AZ

    As of the latest ACS Survey released in 2023, Miracle Mile, Tucson, AZ has a population of 54,900, which has decreased by -2.8% over the past 5 years. Miracle Mile, Tucson, AZ is a moderately popular place for families, as children make up 18.1% of the population. The area has a poorly educated workforce, with 20.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		54,900-2.8%
    % Under 18
    		18.1%-13.4%
    % Seniors
    		14.7%7.3%
    % WFH
    		8.0%116.2%
    % w/ College Degree
    		20.1%14.9%
    Loading chart...

    As of the latest ACS Survey released in 2023, Miracle Mile, Tucson, AZ is a predominantly hispanic area, with 44.7% of the population identifying as hispanic. The hispanic population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Miracle Mile, Tucson, AZ is white, making up 41.0% of the population. Foreign-born residents account for 18.2% of the population in Miracle Mile, Tucson, AZ, and this percentage has decreased by 4.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		41.0%3.5%
    % Black
    		3.7%12.1%
    % Hispanic
    		44.7%-4.7%
    % Asian
    		4.0%-4.8%
    % Foreign Born
    		18.2%-4.2%
    Loading chart...

    Mortgage and Risk — Miracle Mile, Tucson, AZ

    According to HUD data as of 2023, there were 356 mortgage originations in Miracle Mile, Tucson, AZ, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Miracle Mile, Tucson, AZ. Investor activity is low, as 7.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		356
    % Conventional Loans
    		59.0%
    % Government Loans
    		41.0%
    % Investor Loans
    		7.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		17.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Miracle Mile, Tucson, AZ

    As of 2024, the percent of homes in Miracle Mile, Tucson, AZ under the Section 8 program is 7.7%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Miracle Mile, Tucson, AZ, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1,574
    Total Units Section 8
    		1,031
    % Rentals under Section 8
    		7.7%
    % Occupied Section 8
    		87.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$71$849$920
    2 Bedroom$60$1,150$1,210
    3 Bedroom$50$1,650$1,700
    4 Bedroom-$110$2,100$1,990

    Affordability — Miracle Mile, Tucson, AZ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7.3
    Median Home Price$254,000
    Median Household Income$36,600

    Miracle Mile, Tucson, AZ — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    West University, Tucson, AZ

    85719

    Armory Park, Tucson, AZ

    85701

    Flowing Wells, Tucson, AZ

    85704

    Menlo Park, Tucson, AZ

    85745

    Blenman-Elm, Tucson, AZ

    85716

    Frequently Asked Questions