The typical owner-occupied home in Arizona City is worth about $244,100, 38% below the Arizona median of $394,500 and 27% below the national median of $332,700. Owners pay a median $944 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 $66,420 a year, so the median home costs 3.7 times the median income (4.9 times for Arizona). 79% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Arizona City at a glance
| Arizona City | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $244,100 | $394,500 | $332,700 |
| Median property tax paid per year | $944 | $1,879 | $3,119 |
| Property tax as a share of value | 0.39% | 0.48% | 0.94% |
| Median household income | $66,420 | $79,964 | $80,734 |
| Homes lived in by their owners | 79% | 67% | 65% |
| Owner homes with a mortgage | 59% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,255 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 18.7% | 20.5% | 21.0% |
| Median rent | $990 | $1,543 | $1,413 |
| Rent as a share of renters' income | 28.4% | 30.8% | 30.6% |
| Median year homes were built | 2001 | 1992 | 1980 |
| Vacant homes | 15.6% | 10.5% | 10.1% |
| Population | 9,543 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Arizona City
At this week's average 30-year rate of 7.11%, buying the median Arizona City home of $244,100 with 20% down costs about $1,495 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,901, 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 $64,059 for the 20%-down payment. That payment is 27% of the median Arizona City household income of $66,420; at that income and 20% down, the 28% guideline points to a home of about $253,000.
The median rent here is $990 a month, so owning the median home costs about $505 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,820 |
|---|---|
| Loan amount | $195,280 |
| Principal and interest | $1,314 |
| Property taxes (0.39% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| PMI | $0 |
| Total per month | $1,495 |
Change the numbers in the calculator
| Down payment | $8,544 |
|---|---|
| Loan amount | $239,679 |
| Principal and interest | $1,612 |
| Property taxes (0.39% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| FHA mortgage insurance | $108 |
| Total per month | $1,901 |
Change the numbers in the calculator
Questions about home buying in Arizona City
What is the median home value in Arizona City?
About $244,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Arizona City?
Homeowners pay a median $944 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 Arizona City?
For the median home with 20% down at 7.11%, the payment is about $1,495 a month. Keeping that under 28% of gross income takes about $64,059 a year.
More about Arizona City
- Mortgage Refinance in Arizona City
- Debt Relief in Arizona City
- Home Equity Loans in Arizona 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