Tucson Ranked in Top 10 Cities Best Positioned for Pandemic Recovery

According to Forbes magazine, Tucson is one of the top 10 cities in the best position for a post pandemic recovery. Using data collected from Moody’s Analytics they predict the top 10 and the 10 worst cities. “Note that they are sorted alphabetically in order to avoid assigning false precision to our calculations,” Kamins tells Forbes Women.

Tucson is a Top City That Will Recover From Coronavirus
Tucson is a Top City That Will Recover From Coronavirus

Pandemic Recovery Ranking Method

Moodys examines the density of population and compares it against the number of jobs that require a higher degree. They also take into consideration the density of cases across different counties. Those 2 factors alone could indicate why Tucson makes it into the top 10. Because it’s a college town Tucson is overflowing with smart people and has an abundance of open spaces

Some of the other top contenders are Denver (CO), San Jose (CA), and Washington DC. Noticeably these places are also university towns and have beautiful natural resources. Surprisingly Austin, TX did not make this list. Austin is frequently set side by side to Tucson as another blue city in a red state.

Now that the gloating is over we will look at a few of the cities that did not make it. Some of the results may surprise you.

The Have-nots

What do Honolulu (HI), Los Angeles (CA), New York City (NY), and Tampa (FL) all have in common? Aside from being on the top 10 worst recovery cities list? High density, overcrowding tourist traps. Yup, the higher your tourism the more likely you’re in an area heavily afflicted with Coronavirus. They predict that there will be mass out-migration from these densely populous areas towards more sprawling towns. 

Covid 19 is going to loom large in the public consciousness for years to come. For the very young and impressionistic pandemic recovery may always haunt them, much like children of the Great Depression often stockpile non-perishables or hideaway cash money. 

We are certainly fortunate to be in a position where, not only are we poised to recover well, but it’s such a beautiful, and delicious, place to be till then. But, for the foreseeable future, we still have to be vigilant. We have to be willing to do our parts for the greater good. Yes, we are all sick of wearing masks, but for a better future, we must do better now.

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

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.

Arizona is the Best State for Retirement

Tucson has plenty of reasons for you to love it, the amazing Mexican food, the spectacular sunsets, and the low-key winters just to name a few. But did you know that being in Arizona puts us in one of the top 7 tax-friendly states? That’s great news for people looking to relocate and especially good for retirees on a fixed income. Here’s why Arizona is the best state for retirement.

Tucson For the Retired

We’ve assembled a list of tax-free items so you can see, at a glance, the biggest tax reasons Tucson, Arizona is the place to be and the best state for the retired.

Arizona is a Top 7 Tax-Friendly State
Arizona is a Top 7 Tax-Friendly State

Tax-free:

  1. Estate and inheritance 
  2. Groceries
  3. Military retirement income
  4. Prescription drugs
  5. Railroad retirement income
  6. Social-Security benefits

Tax-Breaks:

  1. Up to $2,500 of income from federal government, designated Arizona state government, and Arizona local government retirement plans is exempt.
  2. Senior residents could qualify for a property tax refund of $502.
  3. Seniors of 70 and older can qualify to defer their property taxes if they’ve lived in their home for 6 years and in Arizona for 10.
  4. For AZ state government, and AZ local government up to $2,500 in retirement plans are exempt.

Tax-Basics:

  1. Arizona has a 5.6% state levy
  2. Cities can add up to 5.6% but the states median is 8.4%
  3. Low end income tax is 2.5%, the high is 5.7%
  4. There is a 3.5% surtax on (taxable) income over $250,000 for single filers and $500,00 for joint filers.

Ok so technically all this information applies to the entire state of Arizona as a whole, however… We really believe that once you’ve looked around at what AZ has to offer you will find that Tucson is not only economically feasible but it’s also the warmest and welcoming city you will find on our stretch of the Sonoran Desert. When you’re done with the rest, come back to the best!