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Buying a home in Dragoon, Arizona

The typical owner-occupied home in Dragoon is worth about $136,300, 65% below the Arizona median of $394,500 and 59% below the national median of $332,700. The median household earns $53,304 a year, so the median home costs 2.6 times the median income (4.9 times for Arizona). 100% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.

Dragoon at a glance

Dragoon Arizona U.S.
Median home value $136,300 $394,500 $332,700
Median property tax paid per year – $1,879 $3,119
Median household income $53,304 $79,964 $80,734
Homes lived in by their owners 100% 67% 65%
Owner homes with a mortgage 0% 62% 61%
Median monthly costs, owners with a mortgage – $1,803 $1,963
Median rent – $1,543 $1,413
Median year homes were built 1977 1992 1980
Vacant homes 0.0% 10.5% 10.1%
Population 85 7,378,838 334,922,499

What a typical home costs per month in Dragoon

At this week's average 30-year rate of 7.11%, buying the median Dragoon home of $136,300 with 20% down costs about $915 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,142, 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 $39,225 for the 20%-down payment. That payment is 21% of the median Dragoon household income of $53,304; at that income and 20% down, the 28% guideline points to a home of about $185,000.

20% down, 30-year conventional loan
Down payment$27,260
Loan amount$109,040
Principal and interest$734
Property taxes (1.10% a year)$125
Homeowners insurance (our estimate, 0.5% a year)$57
PMI$0
Total per month$915

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3.5% down, 30-year FHA loan
Down payment$4,770
Loan amount$133,831
Principal and interest$900
Property taxes (1.10% a year)$125
Homeowners insurance (our estimate, 0.5% a year)$57
FHA mortgage insurance$60
Total per month$1,142

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Questions about home buying in Dragoon

What is the median home value in Dragoon?

About $136,300 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 Dragoon?

For the median home with 20% down at 7.11%, the payment is about $915 a month. Keeping that under 28% of gross income takes about $39,225 a year.

More about Dragoon

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