Tourism in Tucson, Arizona is growing. Visitors around the world are making trips to experience the Gem, Mineral & Fossil Showcase, the PGA Colorguard Classic, the Arizona Bowl, and outdoor attractions like Saguaro National Park.
Travelers flock to Tucson to enjoy the area’s mild winter, but continue to plan trips there throughout spring, fall, and sometimes even into summer to experience all the city has to offer.
More owners are beginning to host guests in their properties by converting them into short-term vacation rentals. They’re finding that it’s a great way to cover the costs of a second home, and in some cases, earn a second income.
Our Vacation Rental Performance Report contains key data on rental income, occupancy rates, booking windows, and vacation rental inventory to show why this is a great place to start a vacation rental.
How Much Can You Make With a Vacation Rental in Tucson?
If you’re thinking about using your home as a vacation rental or investing in a rental property, it’s important to understand your earning potential and see how that compares to projected expenses.
A two-bedroom property in Tucson generates $10,977 in rental revenue per year if you perform at the median of the market.
You can expect to bring in $16,552 per year at the 75th percentile, meaning you’re in the top 25% of the market.
Compare that to a four-bedroom home which brings in $25,717 at the median and $38,910 at the 75th percentile.
The earning potential jumps up significantly, likely because four-bedroom properties are a minority in Tucson, representing just 6% of all vacation rentals in the area.
If you have more money to invest, it might be worthwhile to purchase a larger property because standalone homes with higher bedroom counts typically outperform smaller condos.
How to Become A Top Performer in Tucson
The difference between the 50th and the 75th percentile depends on a number of factors, including the quality of the property, the location, and the amenities you offer.
If you own a home and you’re thinking about using it as a vacation rental or you’re looking to purchase a rental property in this area, here are some of the amenities guests expect in Tucson:
- Hot Tub
In the desert climate where temperatures soar during the day and sink at night, travelers want a home with indoor and outdoor spaces that allow them to enjoy the landscape at both ends of the spectrum.
Download our full report for more details
Want to explore more stats about the vacation rental in Tucson? Download the full report and learn:
● Rental income potential by property size
● Average occupancy by property size
● Average daily rate by property size
● Average days booked in advance
● Average length of stay
● Vacation rental inventory by property size
● Occupancy rate by month
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Vacation Rental Performance Reports
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