Armory Park

Tucson, AZ

Neighborhood Market Analysis

Q3 2025 Report
$441,500 (June 2025)
Median Home Price
76/100 (Walk Score); 99/100 (Bike Score); 64/100 (Transit Score)[3]
Walkability Score
Public schools are rated average to above average; magnet and charter options available.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by Broadway Blvd (north), 18th St (south), Stone Ave (west), and Park Ave (east).

Zip Codes

85701

Market Data Summary

Price Range$375,000–$600,000+ (varies by size, condition, and historic status)
Price per Sq Ft$375
Inventory LevelsInventory has increased compared to 2024, with more options for buyers and less bidding competition.[2]

Property Characteristics

Home Types & Architecture

Home Types

Single-family historic homesVictorian-era housesBungalowsTownhomesSmall multifamily

Architectural Styles

VictorianQueen AnneCraftsmanBungalowMission Revival

Property Details

Typical Lot SizesSmall to medium urban lots (0.08–0.20 acres)
Home Age RangeLate 1800s–early 1900s (historic core); some infill from 1980s–2000s
Construction QualityMany homes are restored/updated, but quality varies; historic preservation standards apply in much of the neighborhood.

Community Profile

Demographics & Lifestyle

Demographics

Population ~5,205; median age 38.5; median household income $75,478.[3]

Community Vibe

Eclectic, artsy, and historic with strong neighborhood identity. Active historic preservation and community events.

Typical Residents

  • Young professionals
  • Artists
  • Retirees
  • Families
  • Academics

Family Friendly

Moderately family-friendly; walkable to parks, museums, and schools. Some homes may have smaller yards.

Amenities & Lifestyle

Parks & Recreation

  • Armory Park
  • Children’s Museum Tucson
  • Armory Senior Center

Dining Options

  • Downtown Tucson restaurants
  • Local coffee shops
  • Ethnic eateries

Shopping Centers

  • Downtown Tucson retail
  • Small local markets

Local Businesses

  • Cafés
  • Boutique shops
  • Art galleries
  • Yoga studios

Education & Schools

Public schools are rated average to above average; magnet and charter options available.
Overall School Rating

Elementary Schools

  • Carrillo K-5 Magnet School

Middle Schools

  • Safford K-8 School

High Schools

  • Tucson High Magnet School

Private Schools

  • St. Augustine Catholic High School (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • Sun Link Streetcar
  • Sun Tran bus lines

Major Roads

  • Broadway Blvd
  • Stone Ave
  • Park Ave

Commute & Walkability

Commute Times5–10 minutes to downtown Tucson; 15–20 minutes to University of Arizona; 20–30 minutes to Tucson International Airport.
WalkabilityHigh—most errands can be accomplished on foot or bike.
ParkingOn-street parking is common; some homes have off-street parking or garages.

Marketing Intelligence

Target Buyer Types

  • History buffs
  • Downtown professionals
  • Artists/creatives
  • Investors (short-term rental)
  • Retirees

Key Selling Points

  • Historic charm
  • Walkable lifestyle
  • Access to downtown amenities
  • Active community events

Pricing Considerations

Price competitively given recent value declines; highlight upgrades and unique features to justify premium.

Common Objections & Response Strategies

Objection: Concerns about older home maintenance and repairs.

Response Strategy:

Provide inspection reports, highlight recent upgrades, and connect buyers with local contractors experienced in historic homes.

Objection: Worries about property crime.

Response Strategy:

Share neighborhood watch info, crime statistics, and security upgrade options.

Objection: Limited parking or small lot sizes.

Response Strategy:

Emphasize walkability, bike/transit options, and potential for off-street parking improvements.

Objection: Historic preservation restrictions.

Response Strategy:

Educate on benefits (tax incentives, community pride) and clarify what is and isn’t allowed.

Investment Insights

Investment Potential

Appreciation Potential

Modest appreciation forecast (1–2% annual); long-term value due to historic status and proximity to downtown.[4]

Rental Demand

Strong, especially for renovated historic homes and units near downtown/University.

Buyer Competition

Moderate—less intense than 2021–2022, but unique homes still attract multiple offers.

Best For

  • Buyers seeking historic character
  • Investors targeting short-term or executive rentals
  • Urban professionals
  • Retirees

Potential Concerns

  • Older home maintenance
  • Historic preservation restrictions
  • Property crime

Professional Recommendations

1

Highlight walkability, historic charm, and downtown access in all marketing.

2

Prepare buyers for the realities of historic homeownership (maintenance, restrictions).

3

Network with local preservation groups and contractors.

4

Use professional photography and staging to showcase unique features.

5

Monitor downtown development news for future value drivers.

Competitive Analysis

Comparable Markets

  • Barrio Viejo
  • Sam Hughes
  • West University

Market Positioning

Armory Park is positioned as Tucson’s premier historic urban neighborhood, appealing to buyers seeking character and walkability.

Competitive Advantages

  • Historic architecture
  • Proximity to downtown arts and culture
  • Active, engaged community

Price Comparison

Priced above Tucson median ($328K) but below luxury markets; more affordable than Sam Hughes, similar to Barrio Viejo.

Investment Metrics

4.5–5.5% for well-maintained rentals
Cap Rates
~5% gross yield for updated homes
Rental Yields
~18–20
Price-to-Rent
Positive cash flow possible with short-term or executive rentals; traditional long-term rentals may be break-even or slightly positive.
Cash Flow
1–2% annual appreciation expected over next 12 months.
Appreciation

Buyer Journey Insights

First-Time Buyers

May need education on historic homeownership and maintenance; can benefit from first-time buyer programs.

Move-Up Buyers

Attracted by larger historic homes and urban lifestyle; may seek upgraded kitchens/baths.

Downsizers

Drawn to walkability and low-maintenance lots; may prefer single-story bungalows.

Investors

Focus on unique properties for short-term rental or executive housing; must factor in preservation rules.

Relocators

Often attracted by Tucson’s culture and climate; virtual tours and relocation support recommended.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

Related Market Intelligence

Explore connected markets and opportunities