Have you set your eyes on Tucson real estate as an investment option?
Tucson’s ideal location is one that’s made it a target for real estate investors. It’s located just about two hours southeast of Phoenix and an hour from the US-Mexico border. Many professionals have chosen to live in Tucson and make the commute to Phoenix on a daily basis due to the affordable housing available.
This Arizona city is also easy on the eyes. Tucson lies along the Santa Cruz River on the hilly plains of the Sonoran Desert. Coupled with good weather all year round, Tucson’s climate is dry and sunny, a favorable climate to most people.
Households have been drawn to Tucson thanks to the approach by corporations and state agencies to work from home there. This has created a shift where people move from the metro areas such as New York City to areas like Tucson.
Tourists are another common sight in Tucson. During the peak season, you will find thousands of local and international tourists enjoying the desert wildlife and vegetation found in the foothills of the Tucson Mountains. Other famous destinations include the Saguaro National Park and the Arizona Sonora Desert Museum.
The Tucson real estate market boom has also been heavily influenced by the educational sector, specifically colleges and universities. Real estate investors have tapped into the large number of students studying at the University of Arizona, Pima Community College and Brookline College.
These factors are promising, but where do you look for the best investment options in Tucson? No worries! In this article, we here at Foothills Properties will go over the areas in Tucson that you could consider for your next property investment. You’ll learn about the neighborhoods that are most appealing for real estate investors in the region.
The Best Neighborhoods in Tucson
Barrio Historico
Barrio Historico is located in Downtown Tuscon, south of Cushing St. and between Main and Stone Avenues. As the name suggests, it’s known as one of the oldest neighborhoods in the area. The neighborhood is quite stunning, comprising of Sonoran-style row houses painted in assorted colors of yellow, purple and more.
Additionally, plans are underway to convert the unused downtown buildings into lofts and new single and multifamily homes that are built in the old Spanish style. There are also plans to build a new museum and science center, making the area one sure to boom.
Sam Hughes
With turn-of-the-century style houses, Sam Hughes is a neighborhood that outsiders are surprised to find because of its remarkable appearance. Located in the center of Tucson, it’s comprised of mission-style bungalows of purples and browns. The houses are on tree-lined streets and are a walking distance from restaurants, parks and shops.
Most recently, the neighborhood has been experiencing revitalization, as new homeowners restore older houses to modern-looking homes. The homes are also affordable, attracting a large number of people.
Close to the University of Arizona and the cultural center, prospective investors can choose to target the student population in Sam Hughes. The University offers a steady stream of tenants all year long.
Blenman Elm
Blenman has been named as one of the best neighborhoods in Tucson, Arizona. The area gives both an urban and suburban feel. There are a number of social amenities such as bars, restaurants coffee shops and parks.
This neighborhood is located east of the University of Arizona Medical center. Despite the modern developments in other areas, Blenman Elm has stuck to its roots, staying faithful to the original L-shaped architectural style of its Swiss-born Tucson architect, Josias Joesler.
A breakdown of the demographics reveals that the residents here consist of doctors, university professors and young professionals. Given these demographics, it’s not surprising that the public schools in the area are also highly rated.
Dove Mountains
Found at the base of the Tortolito Mountains, and in the suburb of Marana, is Dove Mountains. It's a high-end golf course development that has gained popularity in the past few years. Its home prices range is on the higher side, making it a stand-out option on this list.
The population is comprised of a mix of families, retirees, professionals and golfers. The southwest-style stucco houses are designed in a way that complements the desert landscape with its muted streets. The houses are spread out in the hills and valleys.
Dove Mountain comes alive during the major professional tournaments held on its 27-hole golf course grounds. One notable mention is the Accenture Match Play Championship which is held every February. Notable golfers, such as Tiger Woods, have played on the championship golf course on top of the hill.
Catalina Foothills
Located at the base of the Santa Catalina Mountains, the foothills offer some of the best views of downtown. The area has a minimalist feel with narrow streets and few sidewalks that weave between the hills.
The houses are a mix of southwestern custom style and those painted in muted tones to meld with the natural desert landscape. It’s known for its top schools, one of the best restaurants in the city and its shopping centers.
Bottom Line
Tucson, Arizona is an ideal choice for investment. Its favorable climate, locality and availability of amenities make it a region of great potential. With a rental property, you can get stable revenue on a monthly basis and, considering its trajectory, your property might appreciate in value as well.
If you are looking to make a property purchase in the area, please consider Dove Mountains, Catalina Foothills, Barrio Historico, Sam Hughes and Blenman Elm. Contact the property experts at Foothills Properties for any questions or inquiries regarding investment properties in Tucson and their management.
