Tucson, AZ home values, income, and owner costs

In Tucson, AZ, the 2024 ACS reports a median owner-occupied home value of $266,200, median household income of $57,073, and median selected monthly owner costs of $1,482 for owners with a mortgage. For the decision at hand, together, those three reference points can nevertheless help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,482 measure combines recurring ownership expenses instead of real estate taxes alone. In practical terms, a useful affordability review starts with $266,200, $57,073, and $1,482, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Tucson, AZ's $266,200 median home-value estimate is below the statewide $394,500 estimate, with a reported city-to-state gap of 32.5%. For the decision at hand, that 32.5% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Tucson, AZ. It does not mean every local property is 32.5% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. In practical terms, borrowers may use $266,200 and $394,500 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.