How Much House Can You Afford in Arizona?

Arizona property tax rate: 0.62%. Calculate your maximum affordable home price with Arizona-specific rates.

You can afford a home up to

$289,197

That's a 2-bedroom condo/townhome in Phoenix

Based on your $75,000 income with 20% down

3-bedroom home
$289K$11K more →

Your $289,197 budget buys

Phoenix2-bedroom condo/townhomeDenver1-bedroom condoSalt Lake City2-bedroom condo/townhomeAustin2-bedroom condo/townhomeNew York CityStudio in Upper Manhattan/BronxMiamiStudio apartmentPortland1-bedroom condoNashville2-bedroom condo/townhomeRaleigh3-bedroom homeCharlotte3-bedroom homeTampa3-bedroom homeMinneapolis3-bedroom homeChicago2-bedroom condoSan FranciscoNothing yetLos AngelesNothing yetSeattleNothing yet
/Phoenix
28%Recommended
$
%
%

Monthly payment breakdown

$1,750/mo

P&I$1,501
Tax$149
Insurance$100
Calculate your mortgage payment on $289,197Should you rent or buy at this price?

Home price

$289,197

Down payment

$57,839

Loan amount

$231,358

No PMI

Waived (20%+ down)

This is an estimate using Arizona's average property tax rate of 0.62%. Actual rates vary by county. Consult a local lender for a pre-approval.

How it works

This calculator uses the 28/36 rule — a widely used guideline for mortgage affordability. Your total housing costs (mortgage, taxes, insurance, PMI, HOA) should not exceed your chosen DTI ratio of gross monthly income.

The calculator works backwards from your income to find the maximum home price that keeps monthly costs within your DTI limit. It uses the standard amortization formula and Arizona's average property tax rate of 0.62%.

Arizona housing quick facts

Average property tax rate 0.62%
Monthly property tax on $400K home $207
Affordable home at $100K income (28% DTI) $391,438
Monthly payment at $100K income $2,333/mo

Cities in Arizona

City-specific affordability data with median home prices and local tax rates.

City Median price Property tax Insurance/yr
Phoenix $425K 0.63% $1,800

FAQ

How much house can I afford in Arizona?

On a $100,000 income with 20% down at 6.75% interest and Arizona's 0.62% property tax rate, you can afford approximately $391,438 using the recommended 28% DTI ratio. Your monthly payment would be about $2,333.

What is the property tax rate in Arizona?

The average effective property tax rate in Arizona is 0.62%. On a $400,000 home, that's approximately $207/month in property taxes. Actual rates vary by county and municipality.

Is Arizona expensive for homebuyers?

Arizona has below-average property taxes at 0.62%, which helps with affordability. On a $100,000 income, you can afford about $391,438 — more than many other states.

What is the 28/36 rule?

The 28/36 rule says your total housing costs should not exceed 28% of gross monthly income (front-end DTI), and total debt payments should not exceed 36% (back-end DTI). This calculator lets you adjust the DTI ratio from 20% to 40% to find your comfort level.

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