The typical owner-occupied home in Lake Havasu City is worth about $455,400, 15% above the Arizona median of $394,500 and 37% above the national median of $332,700. Owners pay a median $1,754 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 $70,148 a year, so the median home costs 6.5 times the median income (4.9 times for Arizona). 73% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Lake Havasu City at a glance
| Lake Havasu City | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $455,400 | $394,500 | $332,700 |
| Median property tax paid per year | $1,754 | $1,879 | $3,119 |
| Property tax as a share of value | 0.39% | 0.48% | 0.94% |
| Median household income | $70,148 | $79,964 | $80,734 |
| Homes lived in by their owners | 73% | 67% | 65% |
| Owner homes with a mortgage | 57% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,627 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 23.2% | 20.5% | 21.0% |
| Median rent | $1,320 | $1,543 | $1,413 |
| Rent as a share of renters' income | 30.7% | 30.8% | 30.6% |
| Median year homes were built | 1995 | 1992 | 1980 |
| Vacant homes | 19.6% | 10.5% | 10.1% |
| Population | 58,359 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Lake Havasu City
At this week's average 30-year rate of 7.11%, buying the median Lake Havasu City home of $455,400 with 20% down costs about $2,789 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,547, 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 $119,510 for the 20%-down payment. That payment is 48% of the median Lake Havasu City household income of $70,148; at that income and 20% down, the 28% guideline points to a home of about $267,000.
The median rent here is $1,320 a month, so owning the median home costs about $1,469 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $91,080 |
|---|---|
| Loan amount | $364,320 |
| Principal and interest | $2,451 |
| Property taxes (0.39% a year) | $148 |
| Homeowners insurance (our estimate, 0.5% a year) | $190 |
| PMI | $0 |
| Total per month | $2,789 |
Change the numbers in the calculator
| Down payment | $15,939 |
|---|---|
| Loan amount | $447,152 |
| Principal and interest | $3,008 |
| Property taxes (0.39% a year) | $148 |
| Homeowners insurance (our estimate, 0.5% a year) | $190 |
| FHA mortgage insurance | $201 |
| Total per month | $3,547 |
Change the numbers in the calculator
Questions about home buying in Lake Havasu City
What is the median home value in Lake Havasu City?
About $455,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lake Havasu City?
Homeowners pay a median $1,754 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 Lake Havasu City?
For the median home with 20% down at 7.11%, the payment is about $2,789 a month. Keeping that under 28% of gross income takes about $119,510 a year.
More about Lake Havasu City
- Mortgage Refinance in Lake Havasu City
- Debt Relief in Lake Havasu City
- Home Equity Loans in Lake Havasu City
- 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