Tucson Makes the Top 10 Hidden Gems Market

Tony Ray Baker
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Tucson Makes the Top 10 Hidden Gems Market

Hidden gem in a pile of rocksWe all know that Tucson is amazing but it’s always great to hear it mentioned by outside sources. This time Tucson made the top 10 list of hidden gems by the National Association of Realtors for 2022. Let’s look at what qualifies as a hidden gem market.

What is a Hidden Gems Market?

According to the NAR a hidden gem market has “strong underlying housing market fundamentals but where home prices are undervalue and relatively affordable. As such, these hidden gem markets are expected to experience stronger price appreciation in 2022.”

There’s a more technical definition with numbers, income indicators, technical jargon, etc. But the basics are Tucson is undervalued and still relatively affordable. Now some might argue that locals are getting priced out by cash buyers. Usually from other states looking for “investment properties.” That is indeed happening. But, the fact that Tucson is still a hidden gem is the important part for locals.

What They Said

“Tucson is very affordable in comparison to Phoenix. As of 2021 Q2, the median property value was $261,046. This is equivalent to 3 times the median family income in comparison to the median property value in Phoenix, $364,186, which is 4.3 times the median family income. Among the top 10 undervalued markets, Tucson had the third-largest net domestic migration in 2020, at 10,778 (next to Dallas and San Antonio). Due to strong population growth and net domestic migration, home prices rose at a 3-year cumulative rate from 2018 Q2—2021 Q2 of 23.6%, outpacing wage gains of 15.6%.”

What we heard was, Tucson is better than Phoenix! Tucson is more affordable than Phoenix. And Tucson is up and coming and ready for a population boom! Now is the time to think about your current home and what your needs might be in the future. Is it time to upgrade? If the answer is yes, or even a maybe, I can help make those dreams a reality.

Download a PDF of the Top 10 Hidden Gems of the Housing Market in 2022!

Have a great day!
Darren & Tony Ray 😎
🌵🏠☀️

 

Tucson Rated 20th Best City to Live In America

Tony Ray Baker
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Tucson Rated 20th Best City to Live In America

Well, look what we have here! Yet another accolade and feather in Tucson’s cap. According to Resonance Consultancy Tucson is the 20th best city to live in America! That’s no small feat, there are a lot of other cities from sea to shining sea in the USA. And just so you know, that’s up 21 spots from where we ranked last year. Let’s take a look at what made Tucson 20th best city to live in.

Tucson Was Rated Using These Categories
Tucson Was Rated Using These Categories

The 20th Best City

Resonance Consultancy used 6 major categories to grade upon: People, Place, Product, Programming, Promotion, and Prosperity. 

Notably, we ranked #14 in Place,

“Fast-growing Tucson is buoyed by its sense of place, ranking #10 in both our Weather and our Parks & Outdoors subcategories. The city is poised to ascend up future national rankings, due to a torrent of new investment in all manner of green and common space,” said Resonance.

The company also rightfully credits the University of Arizona for our cities “youthful bounce” considering that almost 25% of our fair city are between the ages of 20-35 years old. We’ve all seen the construction blowing up around the UA and downtown. Growth is coming ready or not. And honestly, we think Tucson is ready for it. You can’t stop the march of progress.

We also ranked #10 nationally on Prosperity if you can believe it. We can. Housing prices are steadily climbing as more and more people take notice of our little jewel in the desert. And, despite the pandemics brutal economic impact on Tucson, we still ranked an impressive #17 in shopping!

What’s Next?

We have no doubt that by 2022 Tucson will continue to scale the Best City list from the 20th best city until we break into the top 10! Where do you think we will rank next year? What about 5 years from now? Well, no matter where we land, we here at See Tucson Homes are ready and excited for it.

Congress Street Award

Tony Ray Baker
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Congress Street Award
Accolades or Kudos for Congress Street Award in Tucson, Arizona.
Accolades or Kudos for Congress Street Award in Tucson, Arizona.

Congress Street Award

A view of Tucson's beautiful sunset down Congress Street to Church Avenue. Photo courtesy Steven Meckler.
A view of Tucson’s beautiful sunset down Congress Street to Church Avenue. Photo courtesy Steven Meckler.

Again, another accolade for Tucson, Arizona. Recently, Congress Street was awarded Great Street by the American Planning Association. Congress Street was a happening place back in the day. However, due to a skyrocketing population and increased car traffic, it ever so gradually became less friendly to the pedestrians walking on the street. This was a huge problem. The city planners wanted to address the situation head-on which ended up labeled from the American Planning Association as a 2017 Great Street Award.

In early 2000s, city planners, Tucson officials, and engineers planned out a series of inventive plans to breathe new life into the local economy and restore its commercial opalescence. Since then, Congress Street, has had several makeovers to try bringing mode-sharing back to the street.

Congress Street Award: Renovations Since Early 2000s

  • Reduced the street from three lanes to two
  • Sidewalks widened to encourage more pedestrian activity
  • Trees planted to help with the relentless Arizona heat
  • Bike parking added for cyclists
  • SunLink, a modern streetcar added
  • Restoration of the Rialto Theatre and the Fox Tucson Theatre

Congress Street Award: By The Numbers

Congress Street is a major cultural hub for Tucson and hosts an array of events, including the annual Tucson Jazz Fest every January. Photo courtesy Steven Meckler.
Congress Street is a major cultural hub for Tucson and hosts an array of events, including the annual Tucson Jazz Fest every January. Photo courtesy Steven Meckler.
  • 67 new businesses have opened along the street since 2008
  • 25 restaurants are currently operating along Congress Street, 16 of which are in historic buildings and 22 of which are locally owned or Arizona based
  • 40 years is how long the Fox Tucson Theatre sat empty before it was revived as a significant community resource
  • 12 historic buildings have had facades restored with private investment matching public funding at a ratio of 6:1
  • 4 of SunLink’s 23 stops are along the street

Congress Street Award: The Designated Area

The designated area for Congress Street extends 1.63 miles from Toole Avenue on the east, which serves as a gateway to downtown, to Silverbell Road on the west, home of the historic Menlo Park Neighborhood and the Mercado District. The street’s commercial corridor runs about four-tenths of a mile between North Church Street and East Toole Avenue.

In conclusion, I truly hope that you get a chance to take a trip downtown and checkout the newly planned and reconstructed Congress Street. There are so many things to do and plenty of fun businesses to take your money. lol 😉

Have a great day! 🙂

Tony Ray Baker & Darren Jones

Download the PDF of Planning Excellence - Congress Street

Tucson AZ One of the Best Cities for Millennials

Tony Ray Baker
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Tucson AZ One of the Best Cities for Millennials
Tucson AZ One of the Best Cities for Millennials
Tucson AZ One of the Best Cities for Millennials

Tucson AZ is One of the 5 Best Cities for Millennials says Time.com/Money

Tucson and its downtown revitalization has caught the attention of many potential prospects. Being recognized by Time, Tucson AZ was placed among the 5 Best Cities for Millennials in the US. 24% of Tucson population (and possibly higher) is made up of individuals 20 years old to 34 years old. For those individuals looking for a place to with exceeding job growth opportunities, accessible amenities and an affordable housing market. This youthful city is a place for millennials to gather, meet, work, study, play and simply live.

Downtown, encompasses four main areas: Mercado San Agustin, Downtown Tucson, Fourth Ave and the University of Arizona Main Gate. Retail business owners, well know chefs, investors and developers are just some of the few looking at Tucson, many already part of its exciting new growth.

Most would have to agree that the introduction of the light rail played a big part in fueling this excitement, helping make a Downtown Tucson a place Millennials could live without a car. The light rail connects several main shopping areas together. This allows you, the rider, easy access to over 340 venues.  Beginning at Mercado San Agustin, the light rail passes through downtown Tucson, Fourth Ave shopping district, Main Gate at the UA and ends at the University Hospital.  The end being part of a loop, which will take you right back to the beginning.

This diverse downtown Tucson area is a great place for everyone.  Along the light rail, there are a lot of places to meet, work, study, play and live simply with great connectivity. Being connected to so much is one of the main reasons that Tucson is recognized as one of the best cities for millennials.

Low Cost of Living:

If you’re comparing possible cities for relocation, Tucson just looks better and better. Its hard not to consider a city with a low cost of living and affordable housing. The cost of living index for Tucson AZ is 105 which is well below the urban average of 117. According to research done by GOBankingRates, it costs $39,966 each year to comfortably live in Tucson AZ.  Therefore, Tucson ranks number 1 as most affordable city in the US.

  • Income needed: $39,966
  • 50 percent for necessities: $19,983
  • 30 percent for discretionary spending: $11,990
  • 20 percent for savings: $7,993

“With the lowest total needed to cover necessities out of the 50 biggest U.S. cities, Tucson residents can likely make do on the $37,149 median income, which is just $2,817 short of the amount needed to live well there.”

Affordable Housing:

Affordable housing attracts businesses and new businesses create new jobs and that is why affordable housing is so important.  Tucson’s medium home prices have always been among the lowest in the US.

On a side note: There is nothing like pride of ownership. When I purchased my first home in the North West area of Tucson, I felt like I had finally grown up. I remember how great it felt not having someone dictate what I could do in my own living space. Paying the mortgage felt so much better then paying the landlord. Most importantly, it was a new beginning that helped me focus more on career, finances and other long term goals. Everyone should be able to experience buying their first home.

Have a great day,
Tony Ray
(520) 631-TONY (8669)
Free relocation package and Tucson fun info

Download the Time Magazine / Money Best Cities for Millennials
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