Oro Valley, Arizona Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Oro Valley, Arizona rental market.
Oro Valley, Arizona
Average Apartment Rent
Y-o-Y Change in Average
Compared to a year ago, Oro Valley, Arizona apartments have recorded a 0% rent increase.
Oro Valley, Arizona |Average apartment rent trend
Oro Valley, Arizona| Average apartment rent
Oro Valley, Arizona | Apartment rent ranges
At 57.26%, apartments priced $1,000 - $1,500 represent the bulk of Oro Valley, Arizona rentals, while condos priced $500 - $700 hold the lowest share of the market – 0.18%.
Oro Valley, Arizona | Housing tenure**
Renters take up 26% of Oro Valley, Arizona real estate, occupying a total of 4,921 units, while homeowners live in 14,374 properties.
Median number of rooms of renter-occupied housing units**
Renter Median household income**
Average household size of renter occupied-housing units**
Rental vacancy rate**
Oro Valley, Arizona | Renter-occupied housing units by no. of bedrooms**
There are 1,979 rentals in Oro Valley, Arizona with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 112 units. Overall, the median number of rooms in Oro Valley, Arizona homes for rent is 4.2.
Oro Valley, Arizona |Renter-occupied units by age of householder**
Most condos for rent in Oro Valley, Arizona are occupied by residents in the 35 - 44 years age group (18%), followed by those in the 25 - 34 years age group (18%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 5%.
Oro Valley, Arizona | Renter-occupied housing units by family type**
Oro Valley, Arizona | Renter-occupied housing units by the presence of own children**
A total of 2,443 apartments for rent in Oro Valley, Arizona, or 50% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 1,381 units. All in all, the median size of a renter-occupied household in Oro Valley, Arizona is 2.19.
Oro Valley, Arizona | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 42% of the rental market. In contrast, residents with less than a high school degree reside in 1% of the homes for rent in Oro Valley, Arizona.
Oro Valley, Arizona | Renter-occupied units by year structure built**
The highest share of Oro Valley, Arizona apartment rentals, namely 35% or 1,734 units, were Built 1990 - 1999, followed by those Built 1980 - 1989 (21%, 1,032 units), and the ones Built 2000 - 2009 (20%, 976 units).
Oro Valley, Arizona | Renter-occupied units by year householder moved in**
Median year renter moved into unit2015
Most Oro Valley, Arizona renters (42%) moved in 2010 to 2014, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Oro Valley, Arizona condos for rent is 2015.
Oro Valley, Arizona | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Oro Valley, Arizona renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 8% have No vehicle available.
Oro Valley, Arizona | Means of transportation to work of householders living in renter-occupied housing units**
Oro Valley, Arizona |Geographical mobility in the past year for householders living in renter-occupies housing units**
Oro Valley, Arizona | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Oro Valley, Arizona apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates