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  5. /Tanque Verde, Tucson, AZ - 85715

Tanque Verde, Tucson, AZ—85715

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$380,000
2.4% YoY Growth
Household Income
$82,700
23.1% YoY Growth
Days on Market
59
27.0% Longer YoY
Home Price Forecast
-0.5%
Median Rent
$1,950
1.0% YoY Growth
1-Bed Rent
$1,080
5.6% YoY Growth
2-Bed Rent
$1,350
13.4% YoY Growth
3-Bed Rent
$2,200
9.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Tanque Verde, Tucson, AZ

As of May '26, the median home price in Tanque Verde, Tucson, AZ is $380,000, with a year-over-year change of -2.4%. This indicates that home prices in Tanque Verde, Tucson, AZ are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$380,000-2.4%
Single Family $399,000-2.0%
Condos $238,000-4.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$242,000-3.2%
    3 Bed
    		$390,000-2.5%
    4 Bed
    		$456,000-1.3%
    5 Bed $552,842-0.3%
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    6.3%
    2 Bedrooms
    30.4%
    3 Bedrooms
    39.9%
    4 Bedrooms
    18.4%
    5+ Bedrooms
    4.2%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    2.5%
    1 Bedroom
    21.6%
    2 Bedrooms
    45.6%
    3 Bedrooms
    24.7%
    4 Bedrooms
    5.0%
    5+ Bedrooms
    0.6%

    Property Listings — Tanque Verde, Tucson, AZ

    As of May '26, Realtor.com reports that the median days on market for a home in Tanque Verde, Tucson, AZ is 59. This is a increase of 27.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$370,000-6.0%
    Listing Count
    		1080.0%
    Listings as % of Homes0.8%0.0%
    Days on Market
    		5927.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		19,50013.9%
    % Under 18
    		14.2%-11.8%
    % Seniors
    		25.5%0.4%
    % WFH
    		21.1%520.6%
    % w/ College Degree
    		46.9%0.9%
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    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

    MetricLatest Census5-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%
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    Mortgage and Risk — Tanque Verde, Tucson, AZ

    Tanque Verde, Tucson, AZ lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip 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
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.6
    Median Home Price$380,000
    Median Household Income$82,700

    Tanque Verde, Tucson, AZ — ZIP Code Boundary Map

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    Frequently Asked Questions