Location: Tucson, AZ | Metro: Tucson, AZ MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
U.S. Census Bureau data (2024)
The rent math in ZIP 85745 works favorably for landlords. The Fair Market Rent (FMR) set at $1,380 for fiscal year 2024 aligns closely with the market rent of $1,403 (ZORI), indicating that properties can be rented out at rates that meet both HUD standards and market expectations.
Acquisition in this area is relatively affordable. With a median home value of $361,606, potential investors can secure properties without excessive capital investment. The average days on market (DOM) stands at 39 days, suggesting a competitive but not overly saturated market. Furthermore, the low price-cut share of 0.3% indicates that homes are selling close to their asking prices, which is beneficial for maintaining property values.
Tenant demand is strong in ZIP 85745. The population of 36,999 supports a significant rental market, with 33.2% of residents being renters. This high renter share ensures a steady pool of potential tenants, reducing the risk of vacancy and ensuring consistent cash flow for landlords.
Based on these factors, ZIP 85745 presents a solid investment opportunity for landlords and small-portfolio investors. The alignment between FMR and market rent, combined with an affordable acquisition cost and robust tenant demand, makes this area a reliable choice for generating rental income and maintaining property value. However, investors should also consider local economic conditions and housing trends to make informed decisions.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.