Arizona Mortgage Rates & Home Prices (2026)
Median price: $412,000 · Avg. rate: 6.82%
Arizona Market Overview
$412,000
Median Home Price
6.82%
Avg. 30-Yr Rate
0.62%
Property Tax Rate
66.1%
Homeownership Rate
Arizona's rapid population growth has driven home prices up significantly, particularly in the Phoenix metro area. The state offers multiple down payment assistance programs, and the relatively low property tax rate helps offset higher purchase prices.
Estimated Monthly Payment
Median home in Arizona (20% down, 30-yr fixed)
$2,538/mo
Principal & Interest$2,153
Property Taxes$213
Home Insurance (est.)$172
Total Monthly (PITI)$2,538
Based on a $412,000 home with 20% down ($329,600 loan) at 6.82%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Arizona
- Home Plus Program
- Home in Five Advantage Program
- Pathway to Purchase
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: AZ Rates
30-Year Fixed6.82%
15-Year Fixed6.05%
5/1 ARM (est.)6.07%
FHA 30-Year6.67%
VA 30-Year6.57%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: AZ
FHA Loan Limit$472,030
Median Income$72,581
Cost Index1.05x