Tuscon AZ or Houston TX?

[Mary Ainsworth]

Hello,

I'm currently analyzing the markets in Tuscon and Houston and they both seem like pretty good options in terms of job growth, population growth, house price, median price to list sale, and days on market.

What factors would you look at do determine which of these 2 markets you would invest in? Which would you recommend?

I'm in San Diego and I'm looking for a ~330,000 house (their media house prices are 320k and 340k respectively) Thanks!

[Dan H.]

Quote from @Mary Ainsworth:

Houston	Tuscon
University of Houston 38,000 students Median home price: 340,000 +0.03% YoY 28 days on market +13 YoY Competitiveness: 56/100 Sale to list price: 98.1% -1.9% YoY Pop growth 2021: 1.73% 2022: 1.58% strong presence in the energy, healthcare, and aerospace industries. Aerospace & engineering, manufacturing, energy, life sciences, fortune 500 HQs	University of arizona 38,000 students Median home price: 322,500 -2.8% YoY 49 days on market +17 YoY Competitiveness: 48/100 Sale to list price: 98.7% -3.1% YoY Pop growth 2021: 1.01% 2022: 1.10% aerospace and defense, education, and healthcare. aerospace and defense, photonics and optics, and renewable energy and natural resources.

 You should add

- property Tax.  Houston: 1.11%, tucson: 0.12%

- Reliability of power grid: Houston: poor, Tucson: good

- Natural disaster probability: Houson: slightly high, Tuscon: low

- Long term appreciation (since 2000): Houston: 188% (good), Tucson: 175% (good, but not as good as Houston)

Both markets can work.  Do you know someone in either market?  If those are your two choices, I would choose the market where you already have a connection.  In the absence of a connection, I would choose the market you more would desire to visit.

Good luck