The typical owner-occupied home in Central is worth about $480,000, 22% above the Arizona median of $394,500 and 44% above the national median of $332,700. Owners pay a median $2,320 a year in property taxes, about 0.48% of their home's value, close to the Arizona rate of 0.48%. The median household earns $97,365 a year, so the median home costs 4.9 times the median income (4.9 times for Arizona). 71% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Central at a glance
| Central | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $480,000 | $394,500 | $332,700 |
| Median property tax paid per year | $2,320 | $1,879 | $3,119 |
| Property tax as a share of value | 0.48% | 0.48% | 0.94% |
| Median household income | $97,365 | $79,964 | $80,734 |
| Homes lived in by their owners | 71% | 67% | 65% |
| Owner homes with a mortgage | 62% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $2,021 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 16.3% | 20.5% | 21.0% |
| Median rent | – | $1,543 | $1,413 |
| Median year homes were built | 1979 | 1992 | 1980 |
| Vacant homes | 0.0% | 10.5% | 10.1% |
| Population | 657 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Central
At this week's average 30-year rate of 7.11%, buying the median Central home of $480,000 with 20% down costs about $2,975 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,775, 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 $127,508 for the 20%-down payment. That payment is 37% of the median Central household income of $97,365; at that income and 20% down, the 28% guideline points to a home of about $367,000.
| Down payment | $96,000 |
|---|---|
| Loan amount | $384,000 |
| Principal and interest | $2,583 |
| Property taxes (0.48% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $200 |
| PMI | $0 |
| Total per month | $2,975 |
Change the numbers in the calculator
| Down payment | $16,800 |
|---|---|
| Loan amount | $471,306 |
| Principal and interest | $3,171 |
| Property taxes (0.48% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $200 |
| FHA mortgage insurance | $212 |
| Total per month | $3,775 |
Change the numbers in the calculator
Questions about home buying in Central
What is the median home value in Central?
About $480,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Central?
Homeowners pay a median $2,320 a year, which is about 0.48% 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 Central?
For the median home with 20% down at 7.11%, the payment is about $2,975 a month. Keeping that under 28% of gross income takes about $127,508 a year.
More about Central
- Mortgage Refinance in Central
- Debt Relief in Central
- Home Equity Loans in Central
- 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