Rent vs Buy in Tucson, AZ
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Tucson, AZ
Price-to-rent ratio is 19.8 (under 15 favors buying, over 21 favors renting). Renting costs $1,373/mo; owning runs about $2,434/mo — $1,061/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $1,728 |
| Property tax | $299 |
| Home insurance | $136 |
| Maintenance | $272 |
| Total to own | $2,434 |
| Average 2BR rent | $1,373 |
Based on a median home value of $326,242 with a $65,248 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.