Cost of Ownership · Arizona
The true cost of owning a home in Arizona
For a median $394,500 home in Arizona, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$2,652/mo
PITI + PMI
True monthly cost
$2,981/mo
everything, incl. upkeep
The gap
+$329/mo
what approval leaves out
Effective property-tax rate
0.48%
Avg. homeowners premium
$1,018/yr
NFIP flood claims on record
5,323
Closing costs in Arizona
Median closing costs and lender origination charges on real home-purchase loans in Arizona, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$8,286
Typically $5,483–$12,860
Median origination charges
$3,979
Typically $1,698–$7,031
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $5,483 | $8,286 | $12,860 | 82,469 |
| All | $5,356 | $8,426 | $12,835 | 81,557 |
| < $250k | $4,292 | $5,580 | $7,935 | 13,129 |
| < $250k | $4,180 | $5,823 | $8,209 | 14,866 |
| $250k–$500k | $5,750 | $9,370 | $13,271 | 50,087 |
| $250k–$500k | $5,642 | $9,373 | $13,379 | 50,418 |
| $500k–$750k | $5,841 | $9,303 | $15,103 | 12,960 |
| $500k–$750k | $5,827 | $8,330 | $14,645 | 13,787 |
| > $750k | $7,008 | $9,351 | $16,111 | 5,466 |
| > $750k | $7,248 | $10,523 | $18,675 | 3,313 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Arizona
- What are the median closing costs in Arizona?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Arizona are about $8,286, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Arizona?
- The effective property-tax rate in Arizona is about 0.48%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Arizona?
- A median $394,500 home in Arizona costs about $2,981 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $2,652. Every figure is from public data.
These figures use Arizona's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Arizona ranks on property tax and insurance, or browse every state.