The typical owner-occupied home in Rock Point is worth about $42,500, 89% below the Arizona median of $394,500 and 87% below the national median of $332,700. The median household earns $33,438 a year, so the median home costs 1.3 times the median income (4.9 times for Arizona). 79% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Rock Point at a glance
| Rock Point | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $42,500 | $394,500 | $332,700 |
| Median property tax paid per year | – | $1,879 | $3,119 |
| Median household income | $33,438 | $79,964 | $80,734 |
| Homes lived in by their owners | 79% | 67% | 65% |
| Owner homes with a mortgage | 0% | 62% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,803 | $1,963 |
| Median rent | $475 | $1,543 | $1,413 |
| Rent as a share of renters' income | 13.4% | 30.8% | 30.6% |
| Median year homes were built | 1987 | 1992 | 1980 |
| Vacant homes | 13.4% | 10.5% | 10.1% |
| Population | 345 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Rock Point
At this week's average 30-year rate of 7.11%, buying the median Rock Point home of $42,500 with 20% down costs about $285 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $356, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $12,231 for the 20%-down payment. That payment is 10% of the median Rock Point household income of $33,438; at that income and 20% down, the 28% guideline points to a home of about $116,000.
The median rent here is $475 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $8,500 |
|---|---|
| Loan amount | $34,000 |
| Principal and interest | $229 |
| Property taxes (1.10% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $18 |
| PMI | $0 |
| Total per month | $285 |
Change the numbers in the calculator
| Down payment | $1,488 |
|---|---|
| Loan amount | $41,730 |
| Principal and interest | $281 |
| Property taxes (1.10% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $18 |
| FHA mortgage insurance | $19 |
| Total per month | $356 |
Change the numbers in the calculator
Questions about home buying in Rock Point
What is the median home value in Rock Point?
About $42,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Rock Point?
For the median home with 20% down at 7.11%, the payment is about $285 a month. Keeping that under 28% of gross income takes about $12,231 a year.
More about Rock Point
- Mortgage Refinance in Rock Point
- Debt Relief in Rock Point
- Home Equity Loans in Rock Point
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data