Half.
That's the summary in a one word - barely half of the rentals on market were rented last month in Tucson according to the Tucson Association of Realtors information on rental market statistics.
Central and NW Tucson had the most amount of active rentals - for example, central Tucson has 241 available homes - and only 111 of them were rented. Roughly, half. Even with the smaller number of actives, for example, XNW Tucson - with 4 active rentals - 2 were rented. In some areas of Tucson, the average rent price has remained the same - seeing a difference of $25 - $30 per month - but in other areas, there is a decrease, in some cases, up to $100 a month less for rental prices.
Below are some highlights from the May Rental Statistics:
Total Active listings for May were 811
The number of properties rented this month was 424
Average monthly rent for Apartments was $537
Average monthly rent for Condominiums was $793
Average monthly rent for Mobile Homes was $700
Average monthly rent for Manufactured Single Family Residence’s was $850
Average monthly rent for Patio Homes was $922
Average monthly rent for Plex’s was $614
Average monthly rent for Single Family Residence’s was $1,227
Average monthly rent for Townhomes was $949
Average Days on Market was 50
Comments(2)