The typical owner-occupied home in Fountain Hills is worth about $622,900, 58% above the Arizona median of $394,500 and 87% above the national median of $332,700. Owners pay a median $2,424 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 $112,654 a year, so the median home costs 5.5 times the median income (4.9 times for Arizona). 84% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Fountain Hills at a glance
| Fountain Hills | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $622,900 | $394,500 | $332,700 |
| Median property tax paid per year | $2,424 | $1,879 | $3,119 |
| Property tax as a share of value | 0.39% | 0.48% | 0.94% |
| Median household income | $112,654 | $79,964 | $80,734 |
| Homes lived in by their owners | 84% | 67% | 65% |
| Owner homes with a mortgage | 57% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $2,146 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 20.4% | 20.5% | 21.0% |
| Median rent | $1,890 | $1,543 | $1,413 |
| Rent as a share of renters' income | 31.3% | 30.8% | 30.6% |
| Median year homes were built | 1994 | 1992 | 1980 |
| Vacant homes | 16.3% | 10.5% | 10.1% |
| Population | 23,789 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Fountain Hills
At this week's average 30-year rate of 7.11%, buying the median Fountain Hills home of $622,900 with 20% down costs about $3,814 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,852, 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 $163,466 for the 20%-down payment. That payment is 41% of the median Fountain Hills household income of $112,654; at that income and 20% down, the 28% guideline points to a home of about $429,000.
The median rent here is $1,890 a month, so owning the median home costs about $1,924 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $124,580 |
|---|---|
| Loan amount | $498,320 |
| Principal and interest | $3,352 |
| Property taxes (0.39% a year) | $202 |
| Homeowners insurance (our estimate, 0.5% a year) | $260 |
| PMI | $0 |
| Total per month | $3,814 |
Change the numbers in the calculator
| Down payment | $21,802 |
|---|---|
| Loan amount | $611,618 |
| Principal and interest | $4,114 |
| Property taxes (0.39% a year) | $202 |
| Homeowners insurance (our estimate, 0.5% a year) | $260 |
| FHA mortgage insurance | $276 |
| Total per month | $4,852 |
Change the numbers in the calculator
Questions about home buying in Fountain Hills
What is the median home value in Fountain Hills?
About $622,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fountain Hills?
Homeowners pay a median $2,424 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 Fountain Hills?
For the median home with 20% down at 7.11%, the payment is about $3,814 a month. Keeping that under 28% of gross income takes about $163,466 a year.
More about Fountain Hills
- Mortgage Refinance in Fountain Hills
- Debt Relief in Fountain Hills
- Home Equity Loans in Fountain Hills
- 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