Low risk of decline for Tucson’s real estate market

By Elias DaSilva | September 13, 2024

Thanks to the latest analysis conducted by the company Attom, it was revealed that the real estate market in the Tucson, Arizona area is considered one of the least likely to experience a downturn. Their study evaluated 600 counties across the United States to determine which of them might experience potential drops in home values.

At the time the study was conducted, the real estate data company Attom took into account four factors throughout 2024: unemployment rates, housing affordability, foreclosure rates, and homes with negative equity, where the mortgage value exceeds the current home price.

Regarding the Arizona counties analyzed, Maricopa was the only one to rank higher, placing 533rd. Following this county were Pima in 524th place, Yavapai in 294th, Mohave in 288th, while Cochise County, another region in the southern part of the state, ranked 248th.

Despite this, the Arizona counties did not stand out in the report as high-risk. Pinal County ranked 132nd, Navajo 124th, and Yuma had the lowest position at 114th.

Nationally, the report indicated that the counties with the highest risk were mainly located in inland California and in the metropolitan areas of New York City and Chicago.