Oro Valley, Arizona Real Estate & Housing Market

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Oro Valley Housing Information

Index	Oro Valley	Arizona	National
Median home price	$281,700	$176,900	$184,700
Median rent asked	$1,068	$937	$949
Avg. people per household	2.3	2.7	2.6
Owner occupied households	74.6%	62.6%	63.6%
Renter occupied households	25.4%	37.4%	36.4%

A general overview of the Oro Valley, AZ real estate market is displayed above. The median home price for homes in Oro Valley, AZ is $281,700, which is 59% higher than the Arizona average. This means that real estate in the Oro Valley, AZ area is generally less affordable than the rest of Arizona. The median rent price in Oro Valley, AZ is $1,068 which is 14% higher than the Arizona average. In Oro Valley, AZ, 74.6% of people are home owners and an average of 2.3 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Oro Valley, AZ. We make it easy to find Oro Valley, AZ real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Oro Valley Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Oro Valley, AZ. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Oro Valley, AZ is $281,700 and the median household income is $75,966. This results in a home price to income ratio of 3.7x, which is 8% higher than the Arizona average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Oro Valley, AZ are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Oro Valley, AZ.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Rillito, AZ	53	$0	100%
Summerhaven, AZ	167	$0	100%
Flowing Wells, AZ	15,601	$60,900	67%
South Tucson, AZ	5,627	$74,100	60%
Tucson Estates, AZ	11,747	$104,000	44%
Oro Valley, AZ	42,379	$281,700	53%

Cities with similar population

City, State	Population	Home Price	National Avg.
Danville, VA	42,360	$90,800	51%
Rancho Palos Verdes, CA	42,412	$1,003,300	443%
Burke, VA	42,290	$497,900	170%
Bentonville, AR	42,499	$184,800	0%
Burlington, VT	42,556	$264,300	43%
Oro Valley, AZ	42,379	$281,700	53%

Source: The Oro Valley, AZ housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).