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 Ranked the Coolest City in Arizona

jamesportis
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Tucson Ranked the Coolest City in Arizona

According to thediscoverer.com Tucson ranks as the coolest city in Arizona! While we aren’t surprised let’s take a look at what they think makes u the coolest city in the state.

Tucson is the Coolest City in Arizona
Tucson is the Coolest City in Arizona

Winery & Vineyards

Hannah's Hill Vineyards
Hannah’s Hill Vineyards
  1. Hannah’s Hill Vineyards – Hannah’s specializes in small batch and estate wines. The owners are always around and happy to chat with you while enjoying views of a sprawling vista.
  2. Charron Winery– Charron’s is famous in the area for it’s white and dry merlots. With over 16 craft wines available you’re sure to find something that pleases your pallet.
  3. Old Pueblo Cellars– This boutique vineyard thrives amongst the desert heat and monsoon gales. Their tasting room is open by appointment, and we highly recommend.

Craft Breweries

  1. Pueblo Vida Brewing– This company not only has amazing beers but it’s focused on sustainability and doing their best to be great brewers and great people for Tucson.
  2. Borderlands Brewing– Located downtown this taproom & brewery boasts an amazing selection. Grab a drink then take in the sights of beautiful downtown Tucson.
  3. 1912 Brewing– This place has a relaxed atmosphere and creative beers to drink. They also partner with the delicious local Tucson Tamale Company and you don’t want to miss those pairings!

Southwestern Cuisine

El Charro Steakhouse
El Charro Steakhouse
  1. El Charro Café– this quaint restaurant is a converted house located in downtown, the food is so good it spawned El Charro Steakhouse and El Charro del Rey.
  2. Guadalajara Grill– this restaurant has atmosphere to spare, everything on the menu is delicious and you must try their table side mole and custom salsas.
  3. Boca Taco y Tequila– this place is a must try. Not only do they have a rare meats day (if feel like trying kangaroo,) the main chef and founder Maria Mazon competed on Top Chef season 18 so you know it’s got to be great!

The Arts Scene

  1. Mural Mania– Tucson boasts one of the best mural games in the country. There are always new beautiful pieces going up and many contain a message as well. Toole Shed Studios on 6th and Toole have their entire East wall painted in BLM, 1st American, and Mexicana culture.
  2. 1st Saturday Art Walks– You guessed it, every 1st Saturday from 5-9 downtown galleries open up their studios and art spaces to the public. See cool art and maybe take some home.
Download the PDF of TheDiscoverer.com’s Top Cities in Each State

The 10 Cheapest Places for Millennials to Live

Tony Ray Baker
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The 10 Cheapest Places for Millennials to Live
The Hub - Downtown Hot Spot for Millenials, Cheapest Places for Millennials to Live
The Hub - Downtown Hot Spot for Millenials

10 Cheapest Places for Millennials to Live

Housely.com published an article, The 10 Cheapest Places for Millennials to Live in the U.S. where they considered data about cheap housing, availability of jobs, and social + cultural advantages.

In the past, New York City and Silicon Valley were enticing millennials in groves with fast paced tech jobs and other business opportunities; unfortunately, housing prices were so high (and they still are!) that millennials had trouble finding affordable housing and those with dreams of home ownership had a difficult decision to make and the opportunity cost was high. But now people are saying that Tucson may be the next Silcon Valley.

On the flip side, Florida is known to have an abundant affordable rental housing market, but the retiree demographic and job availability makes it a less desirable long-term destination for millennials.

Young people today are being challenged to think-outside-the-box and find destinations that will offer a more complete package and Tucson definitely does.

Without further ado, The Cheapest Places for Millennials to Live:

10. Austin, TX

9. Dallas, TX

8. Louisville, KY

7. Columbus, OH

6. Dayton, OH

5. Wichita, KS

4. TUCSON, ARIZONA

3. New Bedford, MA

2. Sioux Falls, SD

1. Cape Canaveral, FL

“With a median one bedroom apartment price of $540, it’s no wonder that Money rated Tucson number 4 of their best places for millennials. The article credits the city’s revitalized downtown area and ethnic restaurants as a draw for young renters. Tucson’s job growth is expected to rise 11% over the next five years.”
We’ve done the research and this isn’t an all-encompassing description of why Tucson is one the cheapest places for millennials to live. Did you know we have one the lowest point of entry housing markets in the country? Boasting many programs to help first time home buyers and some the lowest homeowners insurance prices making Tucson a great place for someone just starting out to start their life.
Tucson also has an abundance of art, culture, and a very fun and hip downtown. There’s an abundance of nature– to hike, climb, ski and explore and there are a lot of other amazing places that are a short road trip away like: Las Vegas — 4 hours, Phoenix– 1.5 hours, Rocky Point, Mexico (Where you can rent entire beach front houses for the weekend for a couple hundred dollars)– 4 hours, San Diego, CA– 6 hours, and Showlow, AZ (home of Arizona’s biggest ski & snowboard mountain)– 4 hours.
This is only the tip of the iceberg… If you have questions about art, culture, or housing in Tucson please contact me– I’d be happy to help you however I can.
Download the 10 Cheapest Places for Millennials to Live

Cities with the Fastest Job Growth

Tony Ray Baker
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Cities with the Fastest Job Growth
We Love Tucson's Playful Architecture, Cities with the Fastest Job Growth

Cities with the Fastest Job Growth

Via an article published August 16, 2016 in Bloomberg.com, an economist, Jed Kolko, “who specializes in U.S. cities and the future of work, points out that mid-sized cities, such as Tucson, Arizona and Seattle, Washington, continue to see fast job growth, but the San Francisco Bay area has fallen out of the top 10.” Tucson ranks number 3 overall on the list, beating out Austin, TX and Seattle, WA.

You can see the Bloomberg article of The Cities With the Fastest Job Growth, and let me know if I can assist you in finding a home in Tucson, so you can get in on this amazing opportunity. I specialize in the downtown area but I can certainly help you find a home anywhere in town, central, northwest, east, and south sides.”Better job security is fueling real estate demand in the south, and a corresponding pick-up in home-builder sentiment. This new construction boom in Tucson has already begun, especially with the revitalization and expansion of Tucson’s booming downtown.”

To give you an idea of the expected job growth in Tucson I was recently at a Downtown Growth and Development seminar (October 2016) and theses were the reported statistics relating to jobs coming to Tucson and below this chart of innovative companies who are or will be headquartered in Tucson.

Prospective Employers Shortlisted or Serious Consideration
Industry Employees Average Wage
Engineering / Manufacturing 1,975 $110,000
Engineering 170 $150,000
Manufacturing 40 $60,000
Professional Services 75 – 100 $75,000
Aerospace and Defense 1,000 $40,000
Manufacturing 60 $46,000
Advanced Services 192 $50,000
Manufacturing 31 $102,000
Total Jobs / Average Wage 3,543 $79,100

Awesome Tucson Companies

Accelerate 120 jobs

Taken from Accelerate’s website: “Accelerate Diagnostics is headquartered in Tucson, Arizona. Set at the base of the majestic Catalina mountain range, Tucson is called “science city” and was recently named one of America’s most innovative cities by Forbes Magazine. The community is quickly becoming a biotech and diagnostics hub, with companies such as Roche, Sanofi Aventis, Syncardia, and HTG Molecular, among others, driving biotech job growth of over 33%.”

Home Goods 900 jobs

ADP 450 jobs

Caterpillar 1,000 jobs

Caterpillar moving it’s headquarters to Tucson will not only provide many new job opportunities, but will also ensure lots of new construction for an overall economic boom! Get ready. Their new office will be located right downtown.

Comcast 1,100 job

World View 400 jobs

You’ve got to check out this innovative company. Here’s just one sentence from their website. “World View is leading the way in the emerging stratospheric economy, offering an innovative and affordable high-altitude flight platform that is transforming access to space.”

I hope you enjoyed discovering a bit more about Tucson. It’s no surprise that Tucson is ranked as one of the Cities with the Fastest Job Growth because many many exciting plans are underway and what I shared with here, is only the tip of the iceberg.

Download the PDF of Bloomberg's The Cities With the Fastest Job Growth
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