The typical owner-occupied home in Mohave Valley is worth about $256,900, 35% below the Arizona median of $394,500 and 23% below the national median of $332,700. Owners pay a median $1,098 a year in property taxes, about 0.43% of their home's value, lower than the Arizona rate of 0.48%. The median household earns $60,134 a year, so the median home costs 4.3 times the median income (4.9 times for Arizona). 83% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Mohave Valley at a glance
| Mohave Valley | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $256,900 | $394,500 | $332,700 |
| Median property tax paid per year | $1,098 | $1,879 | $3,119 |
| Property tax as a share of value | 0.43% | 0.48% | 0.94% |
| Median household income | $60,134 | $79,964 | $80,734 |
| Homes lived in by their owners | 83% | 67% | 65% |
| Owner homes with a mortgage | 65% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,388 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 22.7% | 20.5% | 21.0% |
| Median rent | $1,299 | $1,543 | $1,413 |
| Rent as a share of renters' income | 19.3% | 30.8% | 30.6% |
| Median year homes were built | 1996 | 1992 | 1980 |
| Vacant homes | 13.4% | 10.5% | 10.1% |
| Population | 2,555 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Mohave Valley
At this week's average 30-year rate of 7.11%, buying the median Mohave Valley home of $256,900 with 20% down costs about $1,582 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,010, 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 $67,785 for the 20%-down payment. That payment is 32% of the median Mohave Valley household income of $60,134; at that income and 20% down, the 28% guideline points to a home of about $228,000.
The median rent here is $1,299 a month, so owning the median home costs about $283 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $51,380 |
|---|---|
| Loan amount | $205,520 |
| Principal and interest | $1,383 |
| Property taxes (0.43% a year) | $92 |
| Homeowners insurance (our estimate, 0.5% a year) | $107 |
| PMI | $0 |
| Total per month | $1,582 |
Change the numbers in the calculator
| Down payment | $8,992 |
|---|---|
| Loan amount | $252,247 |
| Principal and interest | $1,697 |
| Property taxes (0.43% a year) | $92 |
| Homeowners insurance (our estimate, 0.5% a year) | $107 |
| FHA mortgage insurance | $114 |
| Total per month | $2,010 |
Change the numbers in the calculator
Questions about home buying in Mohave Valley
What is the median home value in Mohave Valley?
About $256,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mohave Valley?
Homeowners pay a median $1,098 a year, which is about 0.43% 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 Mohave Valley?
For the median home with 20% down at 7.11%, the payment is about $1,582 a month. Keeping that under 28% of gross income takes about $67,785 a year.
More about Mohave Valley
- Mortgage Refinance in Mohave Valley
- Debt Relief in Mohave Valley
- Home Equity Loans in Mohave Valley
- 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