2026 data · 0.60% property tax · Median home $318,000
Arizona Mortgage Calculator
A median-priced home in Arizona ($318,000) costs roughly $1,984 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Arizona's effective property tax rate is 0.60% — well below the US average of about 1.0%.
Arizona median-home monthly payment
$1,984/mo
P&I $1,693 · Tax $159 · Insurance $133
@ $318,000 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Arizona
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $100 | $83 | $1,248 |
| $300,000 | $60,000 | $1,597 | $150 | $125 | $1,872 |
| $318,000 (state median) | $63,600 | $1,693 | $159 | $133 | $1,984 |
| $400,000 | $80,000 | $2,129 | $200 | $167 | $2,496 |
| $500,000 | $100,000 | $2,661 | $250 | $208 | $3,120 |
| $750,000 | $150,000 | $3,992 | $375 | $313 | $4,679 |
Calculations use Arizona's 0.60% effective property tax rate, estimated homeowners insurance at 0.50%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Arizona property tax
Effective rate
0.60%
Median home value
$318,000
Median property tax
$1,898/yr
Arizona limits annual property tax increases to 5% via Proposition 117. Homestead exemption protects $150,000 of home equity from creditors. Property tax is split between primary (state) and secondary (local) levies.
See our property tax calculator for a state-by-state property tax breakdown, and our Arizona paycheck calculator to estimate take-home pay against this monthly housing cost.
Arizona vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Arizona (this page) | 0.60% | $318,000 | $1,898 | |
| California | 0.71% | $659,300 | $4,665 | California mortgage → |
| Nevada | 0.53% | $394,000 | $2,062 | Nevada mortgage → |
| Utah | 0.58% | $420,200 | $2,450 | Utah mortgage → |
| Colorado | 0.51% | $479,900 | $2,470 | Colorado mortgage → |
FAQs about Arizona mortgages
What is the property tax rate in Arizona?
Arizona's effective property tax rate is 0.60%, meaning the average homeowner pays roughly 0.60% of their home's value in property tax annually. On a $318,000 home (the state median), that's about $1,898 per year, or $158 per month added to your mortgage payment.
What is the average monthly mortgage payment in Arizona?
For a home at Arizona's median value of $318,000, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Arizona's 0.60% property tax + estimated insurance, the typical monthly PITI payment is approximately $1,984. This includes $1,693 principal & interest, $159 property tax, and $133 homeowners insurance.
How much income do I need to buy a house in Arizona?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $85,029 to comfortably afford Arizona's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $55,367 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Arizona a good state to buy a house?
Arizona's combination of 0.60% property tax (well below the national average of ~1.0%) and median home value of $318,000 place it in the mid-range of state housing markets nationally. Arizona limits annual property tax increases to 5% via Proposition 117.
How does Arizona property tax compare to neighboring states?
Arizona's 0.60% rate compares to: California at 0.71%, Nevada at 0.53%, Utah at 0.58%, Colorado at 0.51%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Arizona have a homestead exemption?
Arizona limits annual property tax increases to 5% via Proposition 117. Homestead exemption protects $150,000 of home equity from creditors. Property tax is split between primary (state) and secondary (local) levies.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Arizona mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,693, Property Tax $159, Homeowners Insurance $133. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.