Market brief · Parallax Listings

Tucson's 55+ and golf buyers

Why the 55-plus and golf communities around Tucson, Oro Valley, Marana and Green Valley are a billion-dollar-a-year lending market, and why the lenders who serve them now need to be findable in AI search.

US · Arizona · Pima County · Tucson communities
Data 2023 – 2026
Prepared Oct 15, 2026 for NOVA Home Loans
2:21

Narrated by an AI voice. About two and a half minutes; keeps playing while you scroll.

$1.09B
of home-purchase loans to borrowers 55+ in Pima County, 2024
#1
NOVA Home Loans' rank for home-purchase loans in Pima County, 2024
36,000
homes in 15 Tucson-area 55+ communities
86%
of borrowers over 65 applied to only one lender

Tucson's 55-plus and golf communities are large, growing, and still borrowing: many buyers pay cash, but those who finance took more than a billion dollars of purchase loans in Pima County in one year. Older borrowers and veterans tend to take the first lender they find, and they are starting to ask AI where to find one. Being the biggest lender in town is not the same as being the lender the AI names.

From the country to the community

Each level narrows the market and raises its share of older borrowers.

United States
$247.9 billion
home-purchase mortgages to borrowers 55+ in 2025, 19% of all loans
Pima County
$1.09 billion
home-purchase mortgages to borrowers 55+ in 2024, 28% of all loans
Tucson 55+ communities
36,000 homes
in the largest, 49–59% of sales are cash; the rest need a loan

The country: older buyers still borrow

Purchase mortgages to borrowers 55+
691,722 in 2025, 19.3%

Up 6.1% from 2024 while all loans grew 1.6%. HMDA loan-level files, our calculation; 2025 data preliminary.

Buyers who financed
61% at 61–70, 54% at 71–79

Against 74% of all buyers. NAR 2026 Generational Trends.

Veterans aged 55+
2 in 3 US veterans

10.6 million, 67.5%. Census ACS 2024.

VA purchase loans
323,832 in FY2025

74% with no down payment; 60% to repeat buyers. VA Annual Benefits Report.

Home equity, owners 62+
$15.3 trillion

A record. NRMLA / RiskSpan, Q2 2026.

Golf communities
About 3,200 US golf facilities

Nearly 23% of golf supply has a real estate component; homes on courses carry about a 15% premium. National Golf Foundation.

Arizona and Pima County: retirees and veterans

Income brought in by movers 55+
$1.78 billion, 3rd among states

IRS migration data, tax year 2022.

Pima County residents 65+
262,121, up 15.6% since 2020

Total population grew 3.0%. Census, Jul 2025.

Pima owners 65+ with no mortgage
60%

82% of households 65+ own their home. Census ACS 2024.

Veterans 55+ in Pima County
51,014

Of 74,859 veterans. Census ACS 2024.

Military retirees near Davis-Monthan
13,271

Within 50 miles of the base. 2023 economic impact study.

Arizona's golf industry
$6 billion, 66,200 jobs

2021. Arizona Alliance for Golf; Tucson has over 40 courses.

The lending market NOVA already leads

Originated home-purchase mortgages, Pima County. HMDA 2024; age is the primary applicant's.

BorrowersLoansShareNOVA's rank
All home-purchase loans12,435100%#1
Borrowers 55+3,44527.7%#2
Borrowers 65+1,71113.8%–
VA loans1,93715.6%#5
VA loans to borrowers 55+5134.1%–
US share to borrowers 55+ (2025)–19.3%–
NOVA Home Loans, Pima County
979 purchase loans in 2024

#1 by 10 loans; also #1 in 2023 with 1,056. HMDA by lender ID.

NOVA among borrowers 55+
#2 in 2024, #1 in 2023

247 loans in 2024; 284 in 2023. HMDA.

NOVA for VA purchase loans
#5 in Pima County

118 VA purchase loans in 2024. HMDA.

The communities: older, richer in equity, often cash

Census ACS 2024 (5-year). Cash shares from MLS-based market reports, last 12 months.

PlaceResidents 65+Owners with no mortgageCash sales
Green Valley80.5%56.9%49%
SaddleBrooke71.5%52.5%59%
Quail Creek area (ZIP 85622)83.7%59.3%52%
Oro Valley35.7%43.8%38%
Catalina Foothills34.3%48.7%–
Marana21.5%31.7%–
Pima County21.6%40.8%–
United States17.2%39.4%–
Homes in 15 Tucson 55+ communities
About 36,000

Our calculation, no double counting (Canoa Ranch and Las Campanas sit inside Green Valley).

Green Valley home sales, 2025
918

Green Valley Recreation's own count, up from 833.

SaddleBrooke resales, last 12 months
509 at a $507,000 median

MLS-based market report.

Why a lender is at risk now

Older borrowers take the first lender they find

86% of borrowers over 65 applied to only one lender, and 60% seriously considered only one. Today 72% of mortgage buyers submit a single application.

FHFA/CFPB National Survey of Mortgage Originations (2013 loans, the newest age table published); Zillow 2026.

Buyers are using AI to pick lenders

28% of prospective buyers used AI to compare lender reviews and 30% to shop for the best rate. Veterans trust AI mortgage information more than other buyers.

Lender-published surveys, 2025–2026.

The buyers are reaching AI

ChatGPT use among people 65+ went from 4% to 19% in three years. When Google shows an AI summary, people click a result on 8% of visits instead of 15%.

Pew Research, 2025–2026.

Reaching borrowers early pays

Borrower satisfaction is 32 points higher when the lender connects before the borrower starts shopping, and 64 points lower when first contact is at application.

J.D. Power 2025 Mortgage Origination study.

The lenders the AI names will win these borrowers. Parallax Listings measures who the AI names, community by community, and helps local lenders become the answer.