HomeRule

Cost of homeownership in Arizona

State averages from Census ACS, energy costs from DOE EIA, and appreciation from FHFA. County-level detail is below.

Avg home value
$217,293
Avg property tax
$1,295
Homeownership rate
69.7%
1yr appreciation
0.5%

Home price trend

FHFA House Price Index, quarterly.

Most expensive counties

  1. 1.Coconino County$379,400
  2. 2.Maricopa County$371,400
  3. 3.Yavapai County$354,300
  4. 4.Pinal County$268,900
  5. 5.Pima County$258,300
  6. 6.Mohave County$233,700
  7. 7.Gila County$222,500
  8. 8.Santa Cruz County$196,700
  9. 9.Cochise County$183,000
  10. 10.Graham County$178,300

Most affordable counties

  1. 1.Apache County9.0%
  2. 2.Greenlee County10.4%
  3. 3.Navajo County13.0%
  4. 4.La Paz County13.5%
  5. 5.Cochise County14.7%
  6. 6.Coconino County15.3%
  7. 7.Gila County15.4%
  8. 8.Graham County15.9%
  9. 9.Mohave County16.3%
  10. 10.Yuma County16.4%
Avg electricity
15.3¢/kWh

DOE EIA residential average.

Avg annual energy cost
$1,655

Residential baseline.

Avg mortgage interest deduction
Pending

IRS SOI, state-level avg.

All counties in Arizona

Frequently asked questions

How much does it cost to own a home in Arizona?

Based on Census ACS, the state average home value in Arizona is $217,293, with median annual property tax around $1,295. Your actual cost depends on county and property.

What is the property tax in Arizona?

Property tax rates vary by county. Arizona's state average sits at roughly $1,295 per year on a median home. See county-level pages for local rates.

How fast are home prices appreciating in Arizona?

FHFA House Price Index data shows Arizona appreciating 0.5% over the last year and 45.3% over the last five years.

Is homeownership high in Arizona?

Arizona's homeownership rate is 69.7% (Census ACS). The share of owner-occupied units varies widely across counties.

Data sources

Disclaimer. HomeRule is not a real estate agent, lender, appraiser, or financial advisor. This content is for educational and informational purposes only. Actual costs vary significantly by property, location, and individual circumstances. Consult qualified professionals for personalized advice.