Menlo Park, Tucson, AZ—85745
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Menlo Park, Tucson, AZ
As of Oct '25, the median home price in Menlo Park, Tucson, AZ is $359,000, with a year-over-year change of -3.8%. This indicates that home prices in Menlo Park, Tucson, AZ are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $359,000 | -3.8% |
| Single Family | $375,000 | -3.8% |
| Condos | $213,000 | -1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $251,000 | -3.1% |
3 Bed | $367,000 | -3.4% |
4 Bed | $508,000 | -1.2% |
| 5 Bed | $708,000 | 0.9% |
% of Housing Stock
Rental Trends — Menlo Park, Tucson, AZ
As of July '25, Rentcast reports the average rent in Menlo Park, Tucson, AZ is $1,730, with a year-over-year rent change of -5.5%. Per bedroom, the median rent as of July '25 in Menlo Park, Tucson, AZ is studios: $1,500, 1-bedrooms: $1,110, 2-bedrooms: $1,530, 3-bedrooms: $1,860, 4-bedrooms: $2,400. The most common rental property sizes in Menlo Park, Tucson, AZ are 2-bedroom and 1-bedroom, accounting for 34.4% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,730 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,040 | $1,110 |
| 2 Bed Rent | $1,500 | $1,530 |
| 3 Bed Rent | $1,800 | $1,860 |
| 4 Bed Rent | $2,350 | $2,400 |
% of Rental Stock
Property Listings — Menlo Park, Tucson, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Menlo Park, Tucson, AZ is 64. This is a increase of 50.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $409,000 | 7.0% |
Listing Count | 189 | 50.0% |
| Listings as % of Homes | 0.6% | 50.0% |
Days on Market | 64 | 50.0% |
Demographics — Menlo Park, Tucson, AZ
As of the latest ACS Survey released in 2023, Menlo Park, Tucson, AZ has a population of 37,800, which has decreased by -4.1% over the past 5 years. Menlo Park, Tucson, AZ is a moderately popular place for families, as children make up 18.1% of the population. The area has a highly educated workforce, with 45.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,800 | -4.1% |
% Under 18 | 18.1% | 1.7% |
% Seniors | 20.6% | 14.4% |
% WFH | 16.8% | 229.4% |
% w/ College Degree | 45.3% | 28.7% |
As of the latest ACS Survey released in 2023, Menlo Park, Tucson, AZ is a predominantly hispanic area, with 49.2% of the population identifying as hispanic. The hispanic population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Menlo Park, Tucson, AZ is white, making up 40.2% of the population. Foreign-born residents account for 11.0% of the population in Menlo Park, Tucson, AZ, and this percentage has decreased by 25.7% 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 | 40.2% | 7.5% |
% Black | 2.3% | -25.8% |
% Hispanic | 49.2% | -6.6% |
% Asian | 3.0% | -18.9% |
% Foreign Born | 11.0% | -25.7% |
Mortgage and Risk — Menlo Park, Tucson, AZ
According to HUD data as of 2023, there were 446 mortgage originations in Menlo Park, Tucson, AZ, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Menlo Park, Tucson, AZ. Investor activity is low, as 3.0% 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 | 446 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Menlo Park, Tucson, AZ
As of 2024, the percent of homes in Menlo Park, Tucson, AZ under the Section 8 program is 10.7%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Menlo Park, Tucson, AZ, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 790 |
Total Units Section 8 | 639 |
% Rentals under Section 8 | 10.7% |
% Occupied Section 8 | 93.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,040 | $1,050 |
| 2 Bedroom | -$130 | $1,500 | $1,370 |
| 3 Bedroom | $120 | $1,800 | $1,920 |
| 4 Bedroom | -$120 | $2,350 | $2,230 |
Affordability — Menlo Park, Tucson, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $359,000 |
| Median Household Income | $68,600 |