Rent vs. Buy in Tucson Arizona: A 10-Year Financial Forecast

If you're weighing the decision to rent or buy a home in Tucson, Arizona, you're not alone. With home prices and rental rates shifting and economic uncertainty on the horizon, it’s more important than ever to understand what your decision will look like financially over the long term.

Let’s break down a 10-year forecast to help you determine what makes the most sense for your future.

Tucson’s Real Estate Snapshot

Tucson has long been known for its desert beauty, low cost of living, and a relaxed lifestyle that appeals to everyone from retirees to young professionals. As of 2025, the median home price in Tucson sits around $325,000, while the average rent for a two-bedroom apartment hovers around $1,450 per month.

Now, let’s see how these figures stack up when projected over a decade.

10-Year Financial Forecast: Renting vs. Buying

Scenario 1: Renting

• Initial rent: $1,450/month

• Annual rent increase: 3%

• 10-year total cost: ~$203,000

Pros of Renting:

• Flexibility to move

• No property maintenance costs

• Lower upfront costs

Cons of Renting:

• No equity build-up

• Rent increases annually

• Limited control over your living space

Scenario 2: Buying

• Home price: $325,000

• Down payment (10%): $32,500

• Monthly mortgage (approx.): $2,000 (including taxes & insurance)

• Annual home appreciation: 3%

• Estimated home value after 10 years: ~$436,000

• Equity gained (excluding loan balance): ~$150,000

• Total out-of-pocket cost (including mortgage, maintenance, property tax): ~$275,000

Pros of Buying:

• Build equity over time

• Stable monthly payments (if fixed-rate mortgage)

• Tax benefits

• Freedom to renovate and personalize

Cons of Buying:

• Higher upfront costs

• Responsible for maintenance

• Less flexibility to relocate

Key Takeaways

While renting may seem more affordable in the short term, buying a home in Tucson offers the long-term advantage of equity, appreciation, and stability. After 10 years, the average homeowner could build over $150,000 in equity, while renters will have paid over $200,000 without owning an asset.

Of course, the right choice depends on your lifestyle, career goals, and financial situation. But if you're planning to stay in Tucson for the long haul, buying could be a powerful investment in your future.

Thinking About Making a Move?

If you’re ready to explore your options in Tucson, Ryan Comstock is here to help you make the right move with expert guidance and local insight.

📞 Call/Text: (520) 261-4669
🌐 Visit: www.ryancomstock.com

Whether you're buying your first home or transitioning from renting, Ryan can walk you through the numbers and help you find the perfect home that fits your lifestyle and budget.