Pima County, Arizona Housing Market

In Pima County, Arizona, the median home value is $319,700, with a median monthly rent of $1,212. This places Pima County at #533 nationally out of 3134 counties by median home value, and #5 within Arizona.

Median Home Value $319,700
Median Rent $1,212/mo
Owner Occupancy 65.2%
Price/Rent Ratio 22.0

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Pima County rose +1.1% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

314,789
jobs (private sector)
  • Avg weekly wage: $1,199
  • Establishments: 23,207
  • BLS QCEW, 2025
🏗️

Housing Supply

4,658
new units authorized (2025)
  • Single-family: 3,592
  • Multi-family: 1,066
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+14282
net migration (filers, 2021-2022)
  • Inflow: 426,690 (avg $80,557)
  • Outflow: 412,408 (avg $80,159)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 10 active ZIP codes in Pima County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 85755 265.1 -15.99% 2025
2 85658 280.3 — 2025
3 85614 337.3 +28.08% 2025
4 85653 315.3 +19.03% 2025
5 85736 330.9 +29.25% 2025
6 85637 224.1 -5.80% 2025
7 85746 296.0 -7.23% 2025
8 85739 286.7 +9.49% 2025
9 85629 278.4 +9.75% 2025
10 85743 287.5 +2.64% 2025

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Pima County Compares

MetricPima CountyArizona AverageU.S. Average
Median Home Value $319,700 $265,720 $227,706
Median Gross Rent $1,212 $1,073 $968
Owner Occupancy Rate 65.2% 70.7% 73.3%
Price/Rent Ratio 22.0 19.9 18.7

Market Analysis

The median home value in Pima County is 20.3% above the Arizona state average and 40.4% above the U.S. national average. The median rent of $1,212/month is 13.0% above the state average.

With a price-to-rent ratio of 22.0, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Pima County has an owner-occupancy rate of 65.2%, compared to 70.7% in Arizona and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
Will County Illinois $319,600 $1,462
Rice County Minnesota $320,200 $1,083
Blount County Tennessee $320,500 $1,090
Waller County Texas $318,700 $1,169
St. Charles County Missouri $320,800 $1,370

Other Counties in Arizona

CountyMedian Home ValueMedian RentOwner Occ.
Pinal County $349,000 $1,537 81.7%
Mohave County $281,000 $1,091 74.1%
Gila County $269,400 $1,030 77.5%
Santa Cruz County $233,000 $829 69.3%
Cochise County $218,300 $995 71.0%

Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).