Tuesday, March 31, 2015

THE GOOD NEWS IS THAT TUCSON ISN'T LAST

(h/t Tucson Sentinel)

The National Association of Realtors has released a report on rents & income over the past 5 years and Tucson is merely 4th from the bottom in income change for 25-44 year olds:

Detroit-Warren-Livonia, MI Metro Area 32.6
Dayton, OH Metro Area 32.22
Salt Lake City, UT Metro Area 32.03
Oklahoma City, OK Metro Area 25.80
Denver-Aurora-Broomfield, CO Metro Area 20.79
Charlotte-Gastonia-Rock Hill, NC-SC Metro Area 19.63
Knoxville, TN Metro Area 19.59
Portland-Vancouver-Hillsboro, OR-WA Metro Area 19.53
Minneapolis-St. Paul-Bloomington, MN-WI Metro Area 19.09
San Francisco-Oakland-Fremont, CA Metro Area 19.00
Cincinnati-Middletown, OH-KY-IN Metro Area 18.89
Lexington-Fayette, KY Metro Area 17.97
Colorado Springs, CO Metro Area 17.94
Washington-Arlington-Alexandria, DC-VA-MD-WV Metro Area 17.41
Wichita, KS Metro Area 17.08
Tulsa, OK Metro Area 17.05
Dallas-Fort Worth-Arlington, TX Metro Area 15.39
Seattle-Tacoma-Bellevue, WA Metro Area 15.30
Buffalo-Niagara Falls, NY Metro Area 15.26
Baltimore-Towson, MD Metro Area 14.92
Sacramento--Arden-Arcade--Roseville, CA Metro Area 14.75
Austin-Round Rock-San Marcos, TX Metro Area 14.75
Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area 14.24
Memphis, TN-MS-AR Metro Area 14.13
Trenton-Ewing, NJ Metro Area 14.09
Columbia, SC Metro Area 13.79
Houston-Sugar Land-Baytown, TX Metro Area 13.30
Columbus, OH Metro Area 12.78
Louisville/Jefferson County, KY-IN Metro Area 12.62
Boston-Cambridge-Quincy, MA-NH Metro Area 12.59
Chicago-Joliet-Naperville, IL-IN-WI Metro Area 12.20
Bridgeport-Stamford-Norwalk, CT Metro Area 11.81
Indianapolis-Carmel, IN Metro Area 11.56
Pittsburgh, PA Metro Area 11.27
San Antonio-New Braunfels, TX Metro Area 10.74
Greensboro-High Point, NC Metro Area 10.56
Cleveland-Elyria-Mentor, OH Metro Area 10.16
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metro Area 10.05
Little Rock-North Little Rock-Conway, AR Metro Area 9.97
St. Louis, MO-IL Metro Area 9.58
Orlando-Kissimmee-Sanford, FL Metro Area 9.48
Atlanta-Sandy Springs-Marietta, GA Metro Area 8.89
San Diego-Carlsbad-San Marcos, CA Metro Area 8.51
San Jose-Sunnyvale-Santa Clara, CA Metro Area 8.36
Jacksonville, FL Metro Area 8.11
New York-Northern New Jersey-Long Island, NY-NJ-PA Metro Area 8.02
Riverside-San Bernardino-Ontario, CA Metro Area 7.61
Charleston-North Charleston-Summerville, SC Metro Area 7.37
Richmond, VA Metro Area 7.23
Hartford-West Hartford-East Hartford, CT Metro Area 6.25
Tampa-St. Petersburg-Clearwater, FL Metro Area 6.14
Chattanooga, TN-GA Metro Area 5.26
Virginia Beach -Norfolk -Newport News, VA-NC Metro Area 5.06
Raleigh-Cary, NC Metro Area 4.88
Birmingham-Hoover, AL Metro Area 4.77
New Haven-Milford, CT Metro Area 4.68
Rochester, NY Metro Area 4.66
Los Angeles-Long Beach-Santa Ana, CA Metro Area 4.17
Phoenix-Mesa-Glendale, AZ Metro Area 2.00
Milwaukee-Waukesha-West Allis, WI Metro Area 2.00
Greenville-Mauldin-Easley, SC Metro Area 2.00
Miami-Fort Lauderdale-Pompano Beach, FL Metro Area 0.71
Las Vegas-Paradise, NV Metro Area -0.32
Kansas City, MO-KS Metro Area -0.68
New Orleans-Metairie-Kenner, LA Metro Area -1.50
Tucson, AZ Metro Area -3.47
Omaha-Council Bluffs, NE-IA Metro Area -6.74
Syracuse, NY Metro Area -7.27
Providence-New Bedford-Fall River, RI-MA Metro Area -7.51
Albuquerque, NM Metro Area -12.28

Here are the changes in rents over the last 5 years:

Las Vegas-Paradise, NV Metro Area 6.16
Providence-New Bedford-Fall River, RI-MA Metro Area 9.11
New Orleans-Metairie-Kenner, LA Metro Area 9.33
Greensboro-High Point, NC Metro Area 9.49
Cleveland-Elyria-Mentor, OH Metro Area 9.68
Lexington-Fayette, KY Metro Area 9.75
Phoenix-Mesa-Glendale, AZ Metro Area 9.84
Jacksonville, FL Metro Area 10.01
Albuquerque, NM Metro Area 10.03
Riverside-San Bernardino-Ontario, CA Metro Area 10.03
St. Louis, MO-IL Metro Area 10.12
Little Rock-North Little Rock-Conway, AR Metro Area 10.16
Dayton, OH Metro Area 10.34
Los Angeles-Long Beach-Santa Ana, CA Metro Area 10.46
Detroit-Warren-Livonia, MI Metro Area 10.83
Atlanta-Sandy Springs-Marietta, GA Metro Area 10.83
Trenton-Ewing, NJ Metro Area 10.87
New Haven-Milford, CT Metro Area 10.96
Tulsa, OK Metro Area 11.03
Milwaukee-Waukesha-West Allis, WI Metro Area 11.08
Tucson, AZ Metro Area 11.09
Buffalo-Niagara Falls, NY Metro Area 11.24
Columbia, SC Metro Area 11.36
Sacramento--Arden-Arcade--Roseville, CA Metro Area 11.39
Virginia Beach -Norfolk -Newport News, VA-NC Metro Area 11.52
Wichita, KS Metro Area 11.73
Bridgeport-Stamford-Norwalk, CT Metro Area 11.73
Hartford-West Hartford-East Hartford, CT Metro Area 11.76
Richmond, VA Metro Area 11.79
Memphis, TN-MS-AR Metro Area 11.84
Syracuse, NY Metro Area 11.87
Knoxville, TN Metro Area 11.92
Orlando-Kissimmee-Sanford, FL Metro Area 12.41
Cincinnati-Middletown, OH-KY-IN Metro Area 12.43
Kansas City, MO-KS Metro Area 12.62
Colorado Springs, CO Metro Area 12.71
Salt Lake City, UT Metro Area 12.88
Tampa-St. Petersburg-Clearwater, FL Metro Area 12.89
Chicago-Joliet-Naperville, IL-IN-WI Metro Area 12.92
Birmingham-Hoover, AL Metro Area 12.99
Pittsburgh, PA Metro Area 13.15
San Diego-Carlsbad-San Marcos, CA Metro Area 13.21
Louisville/Jefferson County, KY-IN Metro Area 13.31
Omaha-Council Bluffs, NE-IA Metro Area 13.70
Oklahoma City, OK Metro Area 13.73
Rochester, NY Metro Area 13.80
Indianapolis-Carmel, IN Metro Area 14.13
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metro Area 14.18
Chattanooga, TN-GA Metro Area 14.26
Columbus, OH Metro Area 15.03
Charlotte-Gastonia-Rock Hill, NC-SC Metro Area 15.58
Baltimore-Towson, MD Metro Area 15.82
Washington-Arlington-Alexandria, DC-VA-MD-WV Metro Area 15.98
Greenville-Mauldin-Easley, SC Metro Area 16.21
Dallas-Fort Worth-Arlington, TX Metro Area 16.28
Raleigh-Cary, NC Metro Area 16.30
Miami-Fort Lauderdale-Pompano Beach, FL Metro Area 16.47
Boston-Cambridge-Quincy, MA-NH Metro Area 16.51
San Antonio-New Braunfels, TX Metro Area 16.67
Minneapolis-St. Paul-Bloomington, MN-WI Metro Area 17.85
Charleston-North Charleston-Summerville, SC Metro Area 18.70
Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area 19.28
Houston-Sugar Land-Baytown, TX Metro Area 19.41
Austin-Round Rock-San Marcos, TX Metro Area 19.97
Portland-Vancouver-Hillsboro, OR-WA Metro Area 20.45
Seattle-Tacoma-Bellevue, WA Metro Area 22.26
Denver-Aurora-Broomfield, CO Metro Area 24.14
San Francisco-Oakland-Fremont, CA Metro Area 25.60
San Jose-Sunnyvale-Santa Clara, CA Metro Area 32.38
New York-Northern New Jersey-Long Island, NY-NJ-PA Metro Area 50.07

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