Phoenix, AZ variant. This is a Phoenix, AZ-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.
Phoenix's $445,000 median home and 0.59% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Phoenix
On the $445,000 median home with 20% down ($89,000), you'd finance $356,000. At 6.5% over 30 years, P&I ≈ $2,250/month.
Add Phoenix's 0.59% property tax (≈ $219/month) plus insurance for the all-in payment.
About Phoenix, AZ
Phoenix has no city income tax, and residents pay only Arizona state income tax on their earnings.
Phoenix has seen rapid growth in home prices and rents as a fast-growing Sun Belt city attracting new residents and businesses.
Phoenix is one of the fastest-growing major metros in the country, with expanding technology, healthcare, and manufacturing sectors.
Worked example: $445,000 Phoenix home
Loan $356,000 at 6.5% for 30 years → $2,250/mo P&I. Property tax ≈ $219/mo. Total before insurance ≈ $2,469/mo.
Quick reference
- Median home value: $445,000
- Median rent: $1,750/mo
- Median household income: $72,092
- Local sales tax: 8.6%
- Effective property tax rate: 0.59%
- Cost of living index: 109 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Phoenix?
About $2,250/month P&I on the $445,000 median home with 20% down at 6.5%.
What is the property tax rate in Phoenix?
About 0.59% of home value per year.