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Tucson vs Phoenix: Housing

TucsonPhoenix
Median Home Value$266,200$420,700
Median Gross Rent$1,145/mo$1,582/mo
Homeownership Rate51.8%57.3%
Rent as Share of Income24.1%23.3%

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.