The typical owner-occupied home in Elfrida is worth about $95,000, 76% below the Arizona median of $394,500 and 71% below the national median of $332,700. Owners pay a median $1,000 a year in property taxes, about 1.05% of their home's value, higher than the Arizona rate of 0.48%. 52% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Elfrida at a glance
| Elfrida | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $95,000 | $394,500 | $332,700 |
| Median property tax paid per year | $1,000 | $1,879 | $3,119 |
| Property tax as a share of value | 1.05% | 0.48% | 0.94% |
| Median household income | – | $79,964 | $80,734 |
| Homes lived in by their owners | 52% | 67% | 65% |
| Owner homes with a mortgage | 44% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $841 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 20.5% | 21.0% |
| Median rent | $563 | $1,543 | $1,413 |
| Rent as a share of renters' income | 34.8% | 30.8% | 30.6% |
| Median year homes were built | 1984 | 1992 | 1980 |
| Vacant homes | 44.4% | 10.5% | 10.1% |
| Population | 194 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Elfrida
At this week's average 30-year rate of 7.11%, buying the median Elfrida home of $95,000 with 20% down costs about $634 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $792, 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 $27,170 for the 20%-down payment.
The median rent here is $563 a month, so owning the median home costs about $71 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $19,000 |
|---|---|
| Loan amount | $76,000 |
| Principal and interest | $511 |
| Property taxes (1.05% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $634 |
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| Down payment | $3,325 |
|---|---|
| Loan amount | $93,279 |
| Principal and interest | $628 |
| Property taxes (1.05% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $42 |
| Total per month | $792 |
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Questions about home buying in Elfrida
What is the median home value in Elfrida?
About $95,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Elfrida?
Homeowners pay a median $1,000 a year, which is about 1.05% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Elfrida?
For the median home with 20% down at 7.11%, the payment is about $634 a month. Keeping that under 28% of gross income takes about $27,170 a year.
More about Elfrida
- Mortgage Refinance in Elfrida
- Debt Relief in Elfrida
- Home Equity Loans in Elfrida
- 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