Arizona variant. This is a Arizona-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $425,000 and an effective property tax rate of 0.51%, a typical Arizona mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a Arizona mortgage payment
On the $425,000 median home with 20% down ($85,000), you'd finance about $340,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $2,149/month.
Arizona's 0.51% effective property tax adds about $181/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in Arizona
Arizona uses a flat individual income tax of 2.5%, one of the lowest flat rates in the nation.
Arizona keeps property taxes relatively low and limits how much a primary residence's taxable value can rise each year.
Arizona's economy is driven by technology, tourism, and rapid population growth, with a warm climate that attracts retirees and remote workers.
Worked example: $425,000 home in Arizona
Price $425,000, 20% down ($85,000), loan $340,000 at 6.5% for 30 years → P&I ≈ $2,149/mo. Add property tax ≈ $181/mo (0.51% of value ÷ 12). Total before insurance ≈ $2,330/mo.
Quick reference
- State income tax: Flat 2.5% as of 2023
- State sales tax: 5.6% (plus 2.80% avg local)
- Median home value: $425,000
- Median household income: $74,568
- Effective property tax rate: 0.51%
- Avg auto insurance: $1,812/yr
Frequently Asked Questions
How much is a mortgage on a $425,000 Arizona home?
With 20% down at 6.5% over 30 years, principal and interest run about $2,149/month, before Arizona's 0.51% property tax and insurance.
What is the property tax rate in Arizona?
Arizona's effective property tax rate is about 0.51% of home value per year.