The typical owner-occupied home in Litchfield Park is worth about $577,000, 46% above the Arizona median of $394,500 and 73% above the national median of $332,700. Owners pay a median $2,308 a year in property taxes, about 0.40% of their home's value, lower than the Arizona rate of 0.48%. The median household earns $126,250 a year, so the median home costs 4.6 times the median income (4.9 times for Arizona). 85% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Litchfield Park at a glance
| Litchfield Park | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $577,000 | $394,500 | $332,700 |
| Median property tax paid per year | $2,308 | $1,879 | $3,119 |
| Property tax as a share of value | 0.40% | 0.48% | 0.94% |
| Median household income | $126,250 | $79,964 | $80,734 |
| Homes lived in by their owners | 85% | 67% | 65% |
| Owner homes with a mortgage | 62% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $2,449 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 20.1% | 20.5% | 21.0% |
| Median rent | $1,922 | $1,543 | $1,413 |
| Rent as a share of renters' income | 38.2% | 30.8% | 30.6% |
| Median year homes were built | 2003 | 1992 | 1980 |
| Vacant homes | 7.3% | 10.5% | 10.1% |
| Population | 6,916 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Litchfield Park
At this week's average 30-year rate of 7.11%, buying the median Litchfield Park home of $577,000 with 20% down costs about $3,538 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,499, 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 $151,627 for the 20%-down payment. That payment is 34% of the median Litchfield Park household income of $126,250; at that income and 20% down, the 28% guideline points to a home of about $480,000.
The median rent here is $1,922 a month, so owning the median home costs about $1,616 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $115,400 |
|---|---|
| Loan amount | $461,600 |
| Principal and interest | $3,105 |
| Property taxes (0.40% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $240 |
| PMI | $0 |
| Total per month | $3,538 |
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| Down payment | $20,195 |
|---|---|
| Loan amount | $566,549 |
| Principal and interest | $3,811 |
| Property taxes (0.40% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $240 |
| FHA mortgage insurance | $255 |
| Total per month | $4,499 |
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Questions about home buying in Litchfield Park
What is the median home value in Litchfield Park?
About $577,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Litchfield Park?
Homeowners pay a median $2,308 a year, which is about 0.40% 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 Litchfield Park?
For the median home with 20% down at 7.11%, the payment is about $3,538 a month. Keeping that under 28% of gross income takes about $151,627 a year.
More about Litchfield Park
- Mortgage Refinance in Litchfield Park
- Debt Relief in Litchfield Park
- Home Equity Loans in Litchfield Park
- 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