The typical owner-occupied home in Flagstaff is worth about $552,900, 40% above the Arizona median of $394,500 and 66% above the national median of $332,700. Owners pay a median $2,181 a year in property taxes, about 0.39% of their home's value, lower than the Arizona rate of 0.48%. The median household earns $71,512 a year, so the median home costs 7.7 times the median income (4.9 times for Arizona). 42% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Flagstaff at a glance
| Flagstaff | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $552,900 | $394,500 | $332,700 |
| Median property tax paid per year | $2,181 | $1,879 | $3,119 |
| Property tax as a share of value | 0.39% | 0.48% | 0.94% |
| Median household income | $71,512 | $79,964 | $80,734 |
| Homes lived in by their owners | 42% | 67% | 65% |
| Owner homes with a mortgage | 65% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,999 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 20.0% | 20.5% | 21.0% |
| Median rent | $1,645 | $1,543 | $1,413 |
| Rent as a share of renters' income | 34.6% | 30.8% | 30.6% |
| Median year homes were built | 1992 | 1992 | 1980 |
| Vacant homes | 10.8% | 10.5% | 10.1% |
| Population | 76,445 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Flagstaff
At this week's average 30-year rate of 7.11%, buying the median Flagstaff home of $552,900 with 20% down costs about $3,386 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,307, 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 $145,096 for the 20%-down payment. That payment is 57% of the median Flagstaff household income of $71,512; at that income and 20% down, the 28% guideline points to a home of about $273,000.
The median rent here is $1,645 a month, so owning the median home costs about $1,741 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $110,580 |
|---|---|
| Loan amount | $442,320 |
| Principal and interest | $2,976 |
| Property taxes (0.39% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $230 |
| PMI | $0 |
| Total per month | $3,386 |
Change the numbers in the calculator
| Down payment | $19,352 |
|---|---|
| Loan amount | $542,886 |
| Principal and interest | $3,652 |
| Property taxes (0.39% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $230 |
| FHA mortgage insurance | $245 |
| Total per month | $4,307 |
Change the numbers in the calculator
Questions about home buying in Flagstaff
What is the median home value in Flagstaff?
About $552,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Flagstaff?
Homeowners pay a median $2,181 a year, which is about 0.39% 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 Flagstaff?
For the median home with 20% down at 7.11%, the payment is about $3,386 a month. Keeping that under 28% of gross income takes about $145,096 a year.
More about Flagstaff
- Mortgage Refinance in Flagstaff
- Debt Relief in Flagstaff
- Home Equity Loans in Flagstaff
- 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