The typical owner-occupied home in Wellton is worth about $55,600, 86% below the Arizona median of $394,500 and 83% below the national median of $332,700. Owners pay a median $686 a year in property taxes, about 1.23% of their home's value, higher than the Arizona rate of 0.48%. The median household earns $58,470 a year, so the median home costs 1.0 times the median income (4.9 times for Arizona). 88% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
Wellton at a glance
| Wellton | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $55,600 | $394,500 | $332,700 |
| Median property tax paid per year | $686 | $1,879 | $3,119 |
| Property tax as a share of value | 1.23% | 0.48% | 0.94% |
| Median household income | $58,470 | $79,964 | $80,734 |
| Homes lived in by their owners | 88% | 67% | 65% |
| Owner homes with a mortgage | 26% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,205 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 17.9% | 20.5% | 21.0% |
| Median rent | $1,517 | $1,543 | $1,413 |
| Rent as a share of renters' income | 28.0% | 30.8% | 30.6% |
| Median year homes were built | 2002 | 1992 | 1980 |
| Vacant homes | 37.1% | 10.5% | 10.1% |
| Population | 2,527 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Wellton
At this week's average 30-year rate of 7.11%, buying the median Wellton home of $55,600 with 20% down costs about $379 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $472, 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 $16,259 for the 20%-down payment. That payment is 8% of the median Wellton household income of $58,470; at that income and 20% down, the 28% guideline points to a home of about $200,000.
The median rent here is $1,517 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,120 |
|---|---|
| Loan amount | $44,480 |
| Principal and interest | $299 |
| Property taxes (1.23% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| PMI | $0 |
| Total per month | $379 |
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| Down payment | $1,946 |
|---|---|
| Loan amount | $54,593 |
| Principal and interest | $367 |
| Property taxes (1.23% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| FHA mortgage insurance | $25 |
| Total per month | $472 |
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Questions about home buying in Wellton
What is the median home value in Wellton?
About $55,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wellton?
Homeowners pay a median $686 a year, which is about 1.23% 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 Wellton?
For the median home with 20% down at 7.11%, the payment is about $379 a month. Keeping that under 28% of gross income takes about $16,259 a year.
More about Wellton
- Mortgage Refinance in Wellton
- Debt Relief in Wellton
- Home Equity Loans in Wellton
- 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