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Rental property in Tucson, AZ

2026 Market Data & Investment Analysis

Gross Yield

5.2%

Annual rent / price

Median Home Price

$310,000

As of 2026-Q1

Median Monthly Rent

$1,350

Per month

Population

546,574

+1% / yr (5y avg)

Estimates based on median market data. Actual returns depend on your specific property. Source: Redfin / Zillow / U.S. Census Bureau, 2026-Q1.

Calculate your rental yield in Tucson

Pre-filled with Tucson's median values. Adjust to match your specific property.

Property Details

$

Total acquisition cost before taxes

$
$

HOA, insurance, property management

%

% of time the property is empty

%

% of purchase price (e.g. 2% = 2)

% of price

Rule of thumb: 1% of purchase price/yr

Results

Gross Rental Yield

5.23%

Net Rental Yield

3.19%

Cap Rate

3.19%

Monthly Cash Flow

$824.17

Annual Cash Flow

$9,890.00

> 6% — Excellent4–6% — Good< 4% — Low

Tucson rental market at a glance

Median Home Price — 5-Year Trend

2021
$250,000
2022
$340,000
2023
$320,000
2024
$315,000
2025
$310,000

Median Monthly Rent — 5-Year Trend

2021
$1,100
2022
$1,250
2023
$1,320
2024
$1,340
2025
$1,350

Tucson provides solid rental yields of 5.2%, in line with healthy investment market benchmarks.

Modest population growth of 1% per year indicates a stable but slowly growing rental market.

The vacancy rate of 6% is healthy, indicating strong rental demand and limited downtime between tenants.

What type of investment market is Tucson?

Challenging Market

Tucson presents challenges with both modest rental yields and limited population growth. Investors need to carefully analyze specific neighborhoods and property types to find opportunities that outperform the market average.

Strengths

  • Lower entry prices may reduce downside risk
  • Select neighborhoods and value-add properties can outperform the average

! Risks

  • Below-average gross yield of 5.2% limits income potential
  • Limited population growth reduces long-term rental demand
  • Higher due diligence required to identify strong-performing assets

Key Metrics

Gross Yield5.2%
Median Home Price$310,000
Median Monthly Rent$1,350
Population Growth+1% / yr
Vacancy Rate6%

How does Tucson compare to nearby cities?

Tucson vs Phoenix: 0.2 percentage point difference in gross yield.

CityMedian PriceMedian RentGross YieldPop. Growth
Phoenix, AZ$380,000$1,7005.4%+1.9%
Mesa, AZ$400,000$1,6004.8%+1.5%
El Paso, TX$200,000$1,2007.2%+0.4%
Las Vegas, NV$380,000$1,7505.5%+1.4%
Salt Lake City, UT$450,000$1,9005.1%+1.1%

Common questions about investing in Tucson

Is rental investing profitable in Tucson?
Tucson offers a gross rental yield of 5.2%, which is in line with the national average. With a median home price of $310,000 and median monthly rent of $1,350, profitability is achievable but depends heavily on financing terms and whether you can source properties below the median price.
What is the average rental yield in Tucson?
The average gross rental yield in Tucson is approximately 5.2%, based on a median home price of $310,000 and median monthly rent of $1,350 (as of 2026-Q1). Net yield, which accounts for vacancy, expenses, and maintenance, is typically 2–3 percentage points lower.
How does Tucson compare to Phoenix for investors?
Tucson has a gross yield of 5.2% compared to 5.4% in Phoenix, a difference of 0.2 percentage points. Phoenix offers higher current yield. Tucson may compensate through other market characteristics.

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