Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for Arizona homebuyers.
Pre-filled with Arizona medians. Adjust for your property.
Estimated closing costs based on Arizona tax rates and fees.
The median home price in Arizona is $380,000, with property taxes averaging 0.62% annually. Arizona's low property tax rate is a major advantage for buyers, keeping monthly costs well below what you'd pay in high-tax states.
Closing costs in Arizona average $6K (1.6%% of purchase price). Arizona does not charge a transfer tax, which helps keep closing costs lower. Homeowners insurance runs approximately $2,100 per year. This is within the normal range nationally.
Arizona offers the Home Plus AZ for first-time buyers: Up to 5% DPA grant. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
Arizona presents moderate affordability. The $380K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.