Blenman-Elm, Tucson, AZ—85716
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Blenman-Elm, Tucson, AZ
As of Oct '25, the median home price in Blenman-Elm, Tucson, AZ is $310,000, with a year-over-year change of -3.1%. This indicates that home prices in Blenman-Elm, Tucson, AZ are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $310,000 | -3.1% |
| Single Family | $334,000 | -3.5% |
| Condos | $198,000 | -5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $178,000 | -8.2% |
2 Bed | $253,000 | -4.9% |
3 Bed | $374,000 | -3.1% |
4 Bed | $521,000 | -2.3% |
| 5 Bed | $702,000 | -1.1% |
% of Housing Stock
Rental Trends — Blenman-Elm, Tucson, AZ
As of July '25, Rentcast reports the average rent in Blenman-Elm, Tucson, AZ is $1,260, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in Blenman-Elm, Tucson, AZ is studios: $759, 1-bedrooms: $934, 2-bedrooms: $1,240, 3-bedrooms: $2,000, 4-bedrooms: $2,390. The most common rental property sizes in Blenman-Elm, Tucson, AZ are 2-bedroom and 1-bedroom, accounting for 42.4% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,260 |
| Studio Rent | $750 | $759 |
| 1 Bed Rent | $895 | $934 |
| 2 Bed Rent | $1,200 | $1,240 |
| 3 Bed Rent | $1,880 | $2,000 |
| 4 Bed Rent | $2,200 | $2,390 |
% of Rental Stock
Property Listings — Blenman-Elm, Tucson, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Blenman-Elm, Tucson, AZ is 50. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $369,000 | 8.0% |
Listing Count | 137 | 26.0% |
| Listings as % of Homes | 0.3% | 26.0% |
Days on Market | 50 | 1.0% |
Demographics — Blenman-Elm, Tucson, AZ
As of the latest ACS Survey released in 2023, Blenman-Elm, Tucson, AZ has a population of 33,400, which has increased by 10.3% over the past 5 years. Blenman-Elm, Tucson, AZ is a moderately popular place for families, as children make up 15.4% of the population. The area has a moderately educated workforce, with 42.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,400 | 10.3% |
% Under 18 | 15.4% | -2.5% |
% Seniors | 17.2% | 9.6% |
% WFH | 15.3% | 200.0% |
% w/ College Degree | 42.2% | -1.2% |
As of the latest ACS Survey released in 2023, Blenman-Elm, Tucson, AZ is a predominantly white area, with 60.3% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Blenman-Elm, Tucson, AZ is hispanic, making up 25.0% of the population. Foreign-born residents account for 11.2% of the population in Blenman-Elm, Tucson, AZ, and this percentage has decreased by 11.8% 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 | 60.3% | 1.5% |
% Black | 5.6% | 14.3% |
% Hispanic | 25.0% | -9.7% |
% Asian | 1.7% | -63.8% |
% Foreign Born | 11.2% | -11.8% |
Mortgage and Risk — Blenman-Elm, Tucson, AZ
According to HUD data as of 2023, there were 231 mortgage originations in Blenman-Elm, Tucson, AZ, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Blenman-Elm, Tucson, AZ. Investor activity is low, as 6.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 231 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Blenman-Elm, Tucson, AZ
As of 2024, the percent of homes in Blenman-Elm, Tucson, AZ under the Section 8 program is 5.3%. 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 units appear to be good home sizes to consider for Section 8 housing in Blenman-Elm, Tucson, AZ, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 674 |
Total Units Section 8 | 586 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 86.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $895 | $1,000 |
| 2 Bedroom | $100 | $1,200 | $1,300 |
| 3 Bedroom | -$60 | $1,880 | $1,820 |
| 4 Bedroom | -$90 | $2,200 | $2,110 |
Affordability — Blenman-Elm, Tucson, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $310,000 |
| Median Household Income | $47,000 |