The Tucson Association of Realtors released the rental statitics for October 2015. The summary is, there are a lot of rentals on the market - and only a fraction of them were rented this past month. That means, if your home is up for rent - it is important to make sure that it is in great condition and that the price remains competitive in this market! Here are the highlights:
Total Active listings for October were 717.
The number of properties rented this month was 340.
Average monthly rent for Apartments was $558.
Average monthly rent for Condominiums was $817.
Average monthly rent for Mobile Homes was $0.
Average monthly rent for Manufactured Single Family Residence’s was $839.
Average monthly rent for Patio Homes was $1,375.
Average monthly rent for Plex’s was $652.
Average monthly rent for Single Family Residence’s was $1,238.
Average monthly rent for Townhomes was $961.
Average Days on Market was 46.
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