The typical owner-occupied home in Oracle is worth about $239,900, 39% below the Arizona median of $394,500 and 28% below the national median of $332,700. Owners pay a median $969 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 $63,774 a year, so the median home costs 3.8 times the median income (4.9 times for Arizona). 86% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Oracle at a glance
| Oracle | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $239,900 | $394,500 | $332,700 |
| Median property tax paid per year | $969 | $1,879 | $3,119 |
| Property tax as a share of value | 0.40% | 0.48% | 0.94% |
| Median household income | $63,774 | $79,964 | $80,734 |
| Homes lived in by their owners | 86% | 67% | 65% |
| Owner homes with a mortgage | 47% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,017 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 32.5% | 20.5% | 21.0% |
| Median rent | $839 | $1,543 | $1,413 |
| Rent as a share of renters' income | 29.9% | 30.8% | 30.6% |
| Median year homes were built | 1985 | 1992 | 1980 |
| Vacant homes | 5.2% | 10.5% | 10.1% |
| Population | 3,146 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Oracle
At this week's average 30-year rate of 7.11%, buying the median Oracle home of $239,900 with 20% down costs about $1,471 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,871, 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 $63,042 for the 20%-down payment. That payment is 28% of the median Oracle household income of $63,774; at that income and 20% down, the 28% guideline points to a home of about $243,000.
The median rent here is $839 a month, so owning the median home costs about $632 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $47,980 |
|---|---|
| Loan amount | $191,920 |
| Principal and interest | $1,291 |
| Property taxes (0.40% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| PMI | $0 |
| Total per month | $1,471 |
Change the numbers in the calculator
| Down payment | $8,396 |
|---|---|
| Loan amount | $235,555 |
| Principal and interest | $1,585 |
| Property taxes (0.40% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| FHA mortgage insurance | $106 |
| Total per month | $1,871 |
Change the numbers in the calculator
Questions about home buying in Oracle
What is the median home value in Oracle?
About $239,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oracle?
Homeowners pay a median $969 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 Oracle?
For the median home with 20% down at 7.11%, the payment is about $1,471 a month. Keeping that under 28% of gross income takes about $63,042 a year.
More about Oracle
- Mortgage Refinance in Oracle
- Debt Relief in Oracle
- Home Equity Loans in Oracle
- 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