Tucson Makes the Top 10 Hidden Gems Market

Hidden gem in a pile of rocksWe all know that Tucson is amazing but it’s always great to hear it mentioned by outside sources. This time Tucson made the top 10 list of hidden gems by the National Association of Realtors for 2022. Let’s look at what qualifies as a hidden gem market.

What is a Hidden Gems Market?

According to the NAR a hidden gem market has “strong underlying housing market fundamentals but where home prices are undervalue and relatively affordable. As such, these hidden gem markets are expected to experience stronger price appreciation in 2022.”

There’s a more technical definition with numbers, income indicators, technical jargon, etc. But the basics are Tucson is undervalued and still relatively affordable. Now some might argue that locals are getting priced out by cash buyers. Usually from other states looking for “investment properties.” That is indeed happening. But, the fact that Tucson is still a hidden gem is the important part for locals.

What They Said

“Tucson is very affordable in comparison to Phoenix. As of 2021 Q2, the median property value was $261,046. This is equivalent to 3 times the median family income in comparison to the median property value in Phoenix, $364,186, which is 4.3 times the median family income. Among the top 10 undervalued markets, Tucson had the third-largest net domestic migration in 2020, at 10,778 (next to Dallas and San Antonio). Due to strong population growth and net domestic migration, home prices rose at a 3-year cumulative rate from 2018 Q2—2021 Q2 of 23.6%, outpacing wage gains of 15.6%.”

What we heard was, Tucson is better than Phoenix! Tucson is more affordable than Phoenix. And Tucson is up and coming and ready for a population boom! Now is the time to think about your current home and what your needs might be in the future. Is it time to upgrade? If the answer is yes, or even a maybe, I can help make those dreams a reality.

Download a PDF of the Top 10 Hidden Gems of the Housing Market in 2022!

Have a great day!
Darren & Tony Ray 😎
🌵🏠☀️

 

Tucson Ranked the Coolest City in Arizona

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According to thediscoverer.com Tucson ranks as the coolest city in Arizona! While we aren’t surprised let’s take a look at what they think makes u the coolest city in the state.

Tucson is the Coolest City in Arizona
Tucson is the Coolest City in Arizona

Winery & Vineyards

Hannah's Hill Vineyards
Hannah’s Hill Vineyards
  1. Hannah’s Hill Vineyards – Hannah’s specializes in small batch and estate wines. The owners are always around and happy to chat with you while enjoying views of a sprawling vista.
  2. Charron Winery– Charron’s is famous in the area for it’s white and dry merlots. With over 16 craft wines available you’re sure to find something that pleases your pallet.
  3. Old Pueblo Cellars– This boutique vineyard thrives amongst the desert heat and monsoon gales. Their tasting room is open by appointment, and we highly recommend.

Craft Breweries

  1. Pueblo Vida Brewing– This company not only has amazing beers but it’s focused on sustainability and doing their best to be great brewers and great people for Tucson.
  2. Borderlands Brewing– Located downtown this taproom & brewery boasts an amazing selection. Grab a drink then take in the sights of beautiful downtown Tucson.
  3. 1912 Brewing– This place has a relaxed atmosphere and creative beers to drink. They also partner with the delicious local Tucson Tamale Company and you don’t want to miss those pairings!

Southwestern Cuisine

El Charro Steakhouse
El Charro Steakhouse
  1. El Charro Café– this quaint restaurant is a converted house located in downtown, the food is so good it spawned El Charro Steakhouse and El Charro del Rey.
  2. Guadalajara Grill– this restaurant has atmosphere to spare, everything on the menu is delicious and you must try their table side mole and custom salsas.
  3. Boca Taco y Tequila– this place is a must try. Not only do they have a rare meats day (if feel like trying kangaroo,) the main chef and founder Maria Mazon competed on Top Chef season 18 so you know it’s got to be great!

The Arts Scene

  1. Mural Mania– Tucson boasts one of the best mural games in the country. There are always new beautiful pieces going up and many contain a message as well. Toole Shed Studios on 6th and Toole have their entire East wall painted in BLM, 1st American, and Mexicana culture.
  2. 1st Saturday Art Walks– You guessed it, every 1st Saturday from 5-9 downtown galleries open up their studios and art spaces to the public. See cool art and maybe take some home.

Arizona is the Best State for Retirement

Tucson has plenty of reasons for you to love it, the amazing Mexican food, the spectacular sunsets, and the low-key winters just to name a few. But did you know that being in Arizona puts us in one of the top 7 tax-friendly states? That’s great news for people looking to relocate and especially good for retirees on a fixed income. Here’s why Arizona is the best state for retirement.

Tucson For the Retired

We’ve assembled a list of tax-free items so you can see, at a glance, the biggest tax reasons Tucson, Arizona is the place to be and the best state for the retired.

Arizona is a Top 7 Tax-Friendly State
Arizona is a Top 7 Tax-Friendly State

Tax-free:

  1. Estate and inheritance 
  2. Groceries
  3. Military retirement income
  4. Prescription drugs
  5. Railroad retirement income
  6. Social-Security benefits

Tax-Breaks:

  1. Up to $2,500 of income from federal government, designated Arizona state government, and Arizona local government retirement plans is exempt.
  2. Senior residents could qualify for a property tax refund of $502.
  3. Seniors of 70 and older can qualify to defer their property taxes if they’ve lived in their home for 6 years and in Arizona for 10.
  4. For AZ state government, and AZ local government up to $2,500 in retirement plans are exempt.

Tax-Basics:

  1. Arizona has a 5.6% state levy
  2. Cities can add up to 5.6% but the states median is 8.4%
  3. Low end income tax is 2.5%, the high is 5.7%
  4. There is a 3.5% surtax on (taxable) income over $250,000 for single filers and $500,00 for joint filers.

Ok so technically all this information applies to the entire state of Arizona as a whole, however… We really believe that once you’ve looked around at what AZ has to offer you will find that Tucson is not only economically feasible but it’s also the warmest and welcoming city you will find on our stretch of the Sonoran Desert. When you’re done with the rest, come back to the best!

Time Magazine Crowns Tucson in World’s Greatest Places 2023

Time Magazine Crowns Tucson in World's Greatest Places 2023
Time Magazine Crowns Tucson in World's Greatest Places 2023

Time Magazine has crowned Tucson as one of the World’s Greatest Places in 2023, and for good reason. The city stands as a testament to the evolving narratives of travel, embodying authenticity, sustainability, and vibrant cultural exchanges.

A Sustainable HavenTime Magazine Calls Tucson a Sustainable Haven in the World's Greatest Places 2023

In a world rekindling its love for travel, Tucson emerges as a destination aligning with the modern-day ethos of sustainability and genuine experiences. The city’s commitment to preserving its natural beauty while fostering responsible tourism is a call to the conscious traveler.

Moreover, Tucson’s efforts in promoting sustainable tourism extend to supporting local businesses and artisans. The city thrives on a community-centric ethos that not only boosts its local economy but also provides visitors with a unique, authentic experience. The array of farmer’s markets, locally-owned eateries, and artisan shops exemplify Tucson’s dedication to sustainability, offering a green retreat amidst the desert landscape.

Tucson’s rich tapestry of culture, history, and culinary excellence offer a genuine taste of the Southwestern spirit. From the award-winning loaves of Barrio Bread to the stunning vistas of the Sonoran Desert, Tucson is a haven for those seeking authenticity in their adventures.

Invitation to ExploreYou Have An Invitation To Explore Tucson, one of Time Magazine's World's Greatest Places 2023

As travel horizons expand, Tucson warmly extends an invitation to individuals across America to come and revel in its unique blend of tradition and modernity. The accolade from Time Magazine is not just a badge of honor; it’s a promise of enriching experiences awaiting in the heart of Southern Arizona.

There’s more to Tucson than meets the eye. Beyond the known landmarks, the city harbors hidden gems waiting to be discovered. Whether it’s the rhythmic beats of Native American drum circles or the serene escape of botanical gardens, every corner of Tucson is a gateway to new experiences. The invitation to explore is also an invitation to connect – with the land, the people, and the age-old traditions that make Tucson a realm of endless exploration and discovery.

The recognition from Time Magazine underscores Tucson’s allure as a destination where every nook and cranny tells a story. So, pack your bags and set your compass towards Tucson, where the heart of Arizona awaits to share tales of its glorious past and present, one authentic experience at a time.