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  5. /Menlo Park, Tucson, AZ - 85745

Menlo Park, Tucson, AZ—85745

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$363,000
1.8% YoY Growth
Household Income
$68,600
33.6% YoY Growth
Days on Market
56
15.0% Longer YoY
Home Price Forecast
-0.7%
Median Rent
$1,700
5.5% YoY Growth
1-Bed Rent
$1,040
7.8% YoY Growth
2-Bed Rent
$1,500
7.0% YoY Growth
3-Bed Rent
$1,800
2.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Menlo Park, Tucson, AZ

As of May '26, the median home price in Menlo Park, Tucson, AZ is $363,000, with a year-over-year change of -1.8%. This indicates that home prices in Menlo Park, Tucson, AZ are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$363,000-1.8%
Single Family $379,000-1.8%
Condos $202,000-4.7%

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
    		$248,000-3.5%
    3 Bed
    		$369,000-1.3%
    4 Bed
    		$515,000-0.2%
    5 Bed $715,010-0.5%
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    % of Housing Stock

    Studio
    1.6%
    1 Bedroom
    12.9%
    2 Bedrooms
    23.3%
    3 Bedrooms
    42.8%
    4 Bedrooms
    18.1%
    5+ Bedrooms
    1.4%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    2.8%
    1 Bedroom
    31.4%
    2 Bedrooms
    34.4%
    3 Bedrooms
    21.9%
    4 Bedrooms
    9.5%

    Property Listings — Menlo Park, Tucson, AZ

    As of May '26, Realtor.com reports that the median days on market for a home in Menlo Park, Tucson, AZ is 56. This is a increase of 15.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$430,0006.0%
    Listing Count
    		182-3.0%
    Listings as % of Homes0.6%-3.0%
    Days on Market
    		5615.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio5.3
    Median Home Price$363,000
    Median Household Income$68,600

    Menlo Park, Tucson, AZ — ZIP Code Boundary Map

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    Frequently Asked Questions