The typical owner-occupied home in Tonto Basin is worth about $269,100, 32% below the Arizona median of $394,500 and 19% below the national median of $332,700. Owners pay a median $1,319 a year in property taxes, about 0.49% of their home's value, close to the Arizona rate of 0.48%. The median household earns $50,762 a year, so the median home costs 5.3 times the median income (4.9 times for Arizona). 91% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Tonto Basin at a glance
| Tonto Basin | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $269,100 | $394,500 | $332,700 |
| Median property tax paid per year | $1,319 | $1,879 | $3,119 |
| Property tax as a share of value | 0.49% | 0.48% | 0.94% |
| Median household income | $50,762 | $79,964 | $80,734 |
| Homes lived in by their owners | 91% | 67% | 65% |
| Owner homes with a mortgage | 25% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,194 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 30.5% | 20.5% | 21.0% |
| Median rent | – | $1,543 | $1,413 |
| Median year homes were built | 1997 | 1992 | 1980 |
| Vacant homes | 35.2% | 10.5% | 10.1% |
| Population | 1,750 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Tonto Basin
At this week's average 30-year rate of 7.11%, buying the median Tonto Basin home of $269,100 with 20% down costs about $1,670 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,118, 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 $71,580 for the 20%-down payment. That payment is 39% of the median Tonto Basin household income of $50,762; at that income and 20% down, the 28% guideline points to a home of about $191,000.
| Down payment | $53,820 |
|---|---|
| Loan amount | $215,280 |
| Principal and interest | $1,448 |
| Property taxes (0.49% a year) | $110 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| PMI | $0 |
| Total per month | $1,670 |
Change the numbers in the calculator
| Down payment | $9,418 |
|---|---|
| Loan amount | $264,226 |
| Principal and interest | $1,777 |
| Property taxes (0.49% a year) | $110 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| FHA mortgage insurance | $119 |
| Total per month | $2,118 |
Change the numbers in the calculator
Questions about home buying in Tonto Basin
What is the median home value in Tonto Basin?
About $269,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Tonto Basin?
Homeowners pay a median $1,319 a year, which is about 0.49% 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 Tonto Basin?
For the median home with 20% down at 7.11%, the payment is about $1,670 a month. Keeping that under 28% of gross income takes about $71,580 a year.
More about Tonto Basin
- Mortgage Refinance in Tonto Basin
- Debt Relief in Tonto Basin
- Home Equity Loans in Tonto Basin
- 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