Housing

Policies that help improve housing affordability are legally required in the 10-year plan. Residents are concerned about OV’s housing prices, specifically having options to for families and workers.  

• Resident Guidance: According to a statistically projectable survey, 60% of residents are personally concerned with housing costs, 40% of residents live with family because of rental costs, 47% agree there is a lack of financially attainable housing for teachers, police, first responders, retail or service employees, or entry level professionals and 42% agree there is a lack of financially attainable housing for seniors, veterans, or people with disabilities. Common phrases heard over the past year at events and online lower rent, affordable housing options, especially for families and workers.  

• Existing Conditions: In 2023, 16.3% of owner-occupied homes and 39.8% of renter-occupied homes are cost burdened, meaning more than 30% of their income is spent on housing related costs. A housing affordability gap is the difference between the rents or housing values in a community and the ability of households to afford those rents or values. Oro Valley’s housing affordability gap is 4,561 units, or 22% of total households. Oro Valley’s median household income is $92,548. The average home price in OV is $169K. This requires a household income of $104K-136K.

A component that identifies programs that promote home ownership is legally required in the 10-year plan.

• Resident Guidance: According to a statistically projectable survey, 60% of residents are personally concerned with housing costs, 40% of residents live with family because of rental costs, 47% agree there is a lack of financially attainable housing for teachers, police, first responders, retail or service employees, or entry level professionals and 42% agree there is a lack of financially attainable housing for seniors, veterans, or people with disabilities. Common phrases heard over the past year at events and online lower rent, affordable housing options, especially for families and workers.  

• Existing Conditions: In 2023, 16.3% of owner-occupied homes and 39.8% of renter-occupied homes are cost burdened, meaning more than 30% of their income is spent on housing related costs. A housing affordability gap is the difference between the rents or housing values in a community and the ability of households to afford those rents or values. Oro Valley’s housing affordability gap is 4,561 units, or 22% of total households. Oro Valley’s median household income is $92,548. The average home price in OV is $169K. This requires a household income of $104K-136K.

For example, the state legislature is considering mandating all new SFR subdivisions have at least 10% of units be “affordable.”

• Resident Guidance: According to a statistically projectable survey, 60% of residents are personally concerned with housing costs and 63% think more single-family homes are needed. 
• Existing Conditions: In 2023, 16.3% of owner-occupied homes and 39.8% of renter-occupied homes are cost burdened, meaning more than 30% of their income is spent on housing related costs. A housing affordability gap is the difference between the rents or housing values in a community and the ability of households to afford those rents or values. Oro Valley’s housing affordability gap is 4,561 units, or 22% of total households. Oro Valley’s median household income is $92,548. The average home price in OV is $169K. This requires a household income of $104K-136K.

Policies that help improve housing variety are legally required in the 10-year plan.

• Resident Guidance: According to statistically projectable surveys, 37% prefer the remaining land to be used to provide more housing options and 40% think townhomes or duplexes are needed. Common phrases included mix of density, more housing options, variety, and having all types of housing.
• Existing conditions: Most of Oro Valley’s housing is single-family residential (73%) and 13% of the housing stock is traditional apartment units.

Policies that help improve housing variety are legally required in the 10-year plan. Residents want to limit construction of new apartments, however, 24% recognized a need for apartments, 40% agree they should be located along major roadways and 60% agreed they should be located near shops.

• Resident Guidance: According to statistically projectable surveys,24% of residents think apartments are needed, 60% of residents agree high-density should be in areas with easy access to shops, services, and facilities, and 40% agree that high-density should be along arterials or major roadways. Common phrases heard were mix-developments, housing above businesses, more multi-family, more apartments. 
• Existing conditions: Only 13% of the housing stock is traditional apartment units, which have low vacancies. Low vacancies indicate a demand for rentals in Oro Valley. The OV Housing Study shows high-density supports more retail than single-family.

Policies that provide assistance for improving the appearance of neighborhoods and promote maintenance of buildings are legally required in the 10-year plan. 

• Resident Guidance: Over the past year, 2-3% of event and online comments valued OV's well planned, cohesive, design and that everything blends with the landscape.
• Existing conditions: Approximately 79% of OV’s housing stock was built between 1980-2009.