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 😎
🌵🏠☀️

 

The Most Underrated City: Tucson

Tony Ray Baker
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The Most Underrated City: Tucson
underrated cities

 Most Underrated City: Tucson!

Tucson made Travel & Leisure’s List of the Most Underrated Cities. In fact, Tucson was ranked #3 on a list of 31 underrated cities.

It’s not all wild, wild west culture and year-round golf in this laid-back, nature lover’s paradise; With a population of 500,000+, Tucson has much to offer residents and vacationers alike.

Tucson’s natural beauty is enhanced by the magical weather patterns. Monsoon rain storms, rainbows, breath-taking sunrise and sunsets that always astonish locals and tourists alike.

Surrounded by mountains and The Saguaro National Park, Tucson attracts all kinds of outdoor enthusiasts. The Tucson mountains bring together hikers, cyclists, rock climbers, bird watchers, storm chasers; all thrilled with what Tucson has to offer.

Downtown Tucson has an amazing list of attractions. Decade-long efforts to redevelop the area have resulted in top-rated restaurants for one. Tucson was also named UNESCO’s City of Gastronomy for one reason; the restaurants. Restaurants like The Downtown Kitchen + Cocktails and Poca Cosa.

In 2015, Tucson was even given this prestigious award for being a foodie’s paradise. Tucson was the first city in America to receive this honor. The city was also rated as most playable city for kids and families.

Download Travel and Leisure's Most Underrated Cities

Arizona is the Best State for Retirement

Tony Ray Baker
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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!

Catalina Foothills Unified School District is #1 in Arizona

jamesportis
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Catalina Foothills Unified School District is #1 in Arizona

We’ve got a lot of great things going on in Tucson, but I’m here to tell you about one specifically, the Catalina Foothills Unified School District. You might not be aware but birth rates in the USA are declining

Catalina Foothills High School Student Plaza
Catalina Foothills High School Student Plaza

And in our beloved home state of Arizona, that number has declined almost 22% in the last decade. While that figure may sound shocking to you, I’m here to tell you that it’s actually not a bad thing. It’s common knowledge that our teachers are burdened with disproportionate class sizes to what a single teacher can effectively handle. 

Where am I going with this? I’m so glad you asked. Kids need teachers, teachers need schools, schools have districts, and some are better than others. This is why we are so very happy to inform you that one of ours has been ranked the TOP school district in all of Arizona.

Drumroll, please! If you live in Tucson you may have already guessed but for those of you looking to move here with kids, pay attention. The Catalina Foothills Unified School District has been rated #1 in Arizona according to Newsweek!

Catalina Foothills School District
Catalina Foothills School District

Let’s look at some of the statistics.

What You Need To Know

  1. It’s located in Tucson, obviously the best city in Arizona by far. 
  2. CFUSD has a teacher to student ratio of 1:19, while not ideal it’s comparatively better than the competition. The next jump in other districts is 1 teacher to 23 or more students. Sometimes even 35 students are being wrangled by 1 teacher.
  3. Catalina also boasts a 98% graduation rate, that’s the highest in the state!
  4. According to Zip Recruiter, “As of July 2021 the average annual pay for a teacher in AZ is $26,553 a year.” For Catalina Unified they pay their teachers an average of $45,311 a year. That’s an extra $18,000 for our educators and we believe they deserve every penny and then some.

So, there you have it. If you live in Arizona and have children, you might want to consider relocating to Tucson. Parents should always want the best for their children, Catalina Foothills Unified School District is the best in Arizona, hands down.

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