The typical owner-occupied home in Clifton is worth about $66,000, 83% below the Arizona median of $394,500 and 80% below the national median of $332,700. Owners pay a median $503 a year in property taxes, about 0.76% of their home's value, higher than the Arizona rate of 0.48%. The median household earns $78,480 a year, so the median home costs 0.8 times the median income (4.9 times for Arizona). 38% of occupied homes here are lived in by their owners, and 31% of those owners still have a mortgage.
Clifton at a glance
| Clifton | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $66,000 | $394,500 | $332,700 |
| Median property tax paid per year | $503 | $1,879 | $3,119 |
| Property tax as a share of value | 0.76% | 0.48% | 0.94% |
| Median household income | $78,480 | $79,964 | $80,734 |
| Homes lived in by their owners | 38% | 67% | 65% |
| Owner homes with a mortgage | 31% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,091 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 25.4% | 20.5% | 21.0% |
| Median rent | $607 | $1,543 | $1,413 |
| Rent as a share of renters' income | 10.6% | 30.8% | 30.6% |
| Median year homes were built | 1979 | 1992 | 1980 |
| Vacant homes | 19.5% | 10.5% | 10.1% |
| Population | 3,822 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Clifton
At this week's average 30-year rate of 7.11%, buying the median Clifton home of $66,000 with 20% down costs about $424 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $534, 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 $18,192 for the 20%-down payment. That payment is 6% of the median Clifton household income of $78,480; at that income and 20% down, the 28% guideline points to a home of about $285,000.
The median rent here is $607 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,200 |
|---|---|
| Loan amount | $52,800 |
| Principal and interest | $355 |
| Property taxes (0.76% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $424 |
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| Down payment | $2,310 |
|---|---|
| Loan amount | $64,805 |
| Principal and interest | $436 |
| Property taxes (0.76% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $29 |
| Total per month | $534 |
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Questions about home buying in Clifton
What is the median home value in Clifton?
About $66,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Clifton?
Homeowners pay a median $503 a year, which is about 0.76% 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 Clifton?
For the median home with 20% down at 7.11%, the payment is about $424 a month. Keeping that under 28% of gross income takes about $18,192 a year.
More about Clifton
- Mortgage Refinance in Clifton
- Debt Relief in Clifton
- Home Equity Loans in Clifton
- 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