The typical owner-occupied home in Gadsden is worth about $155,800, 61% below the Arizona median of $394,500 and 53% below the national median of $332,700. Owners pay a median $1,170 a year in property taxes, about 0.75% of their home's value, higher than the Arizona rate of 0.48%. The median household earns $43,535 a year, so the median home costs 3.6 times the median income (4.9 times for Arizona). 20% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Gadsden at a glance
| Gadsden | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $155,800 | $394,500 | $332,700 |
| Median property tax paid per year | $1,170 | $1,879 | $3,119 |
| Property tax as a share of value | 0.75% | 0.48% | 0.94% |
| Median household income | $43,535 | $79,964 | $80,734 |
| Homes lived in by their owners | 20% | 67% | 65% |
| Owner homes with a mortgage | 0% | 62% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,803 | $1,963 |
| Median rent | $482 | $1,543 | $1,413 |
| Median year homes were built | 1976 | 1992 | 1980 |
| Vacant homes | 0.0% | 10.5% | 10.1% |
| Population | 493 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Gadsden
At this week's average 30-year rate of 7.11%, buying the median Gadsden home of $155,800 with 20% down costs about $1,001 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,260, 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 $42,889 for the 20%-down payment. That payment is 28% of the median Gadsden household income of $43,535; at that income and 20% down, the 28% guideline points to a home of about $158,000.
The median rent here is $482 a month, so owning the median home costs about $519 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,160 |
|---|---|
| Loan amount | $124,640 |
| Principal and interest | $838 |
| Property taxes (0.75% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $1,001 |
Change the numbers in the calculator
| Down payment | $5,453 |
|---|---|
| Loan amount | $152,978 |
| Principal and interest | $1,029 |
| Property taxes (0.75% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,260 |
Change the numbers in the calculator
Questions about home buying in Gadsden
What is the median home value in Gadsden?
About $155,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gadsden?
Homeowners pay a median $1,170 a year, which is about 0.75% 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 Gadsden?
For the median home with 20% down at 7.11%, the payment is about $1,001 a month. Keeping that under 28% of gross income takes about $42,889 a year.
More about Gadsden
- Mortgage Refinance in Gadsden
- Debt Relief in Gadsden
- Home Equity Loans in Gadsden
- 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