Mortgage Calculator & Closing Costs: Flagstaff, AZ
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Flagstaff, Arizona.
Median Home Price
$525K
Population
72K
Avg Monthly Rent
$1,680
Property Tax Rate
0.62% *
* Property tax shown is the Arizona state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Flagstaff.
Flagstaff vs Arizona Median
The median home price in Flagstaff is $525,000, which is 38% above the Arizona state median of $380,000.
Mortgage Calculator — Flagstaff, AZ
Pre-filled with Flagstaff median home price and Arizona tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $525K home using Arizona's 0.62% tax rate and $2,100/yr insurance.
5% Down
$3,890/mo
Down: $26,250
Loan: $499K
P&I: $3,152
Tax: $271
Insurance: $175
PMI: $291
10% Down
$3,708/mo
Down: $52,500
Loan: $473K
P&I: $2,987
Tax: $271
Insurance: $175
PMI: $276
20% Down (No PMI)
$3,101/mo
Down: $105,000
Loan: $420K
P&I: $2,655
Tax: $271
Insurance: $175
Income needed (28% rule): $133K/year with 20% down, $159K/year with 10% down.
Rent vs Buy in Flagstaff
Rent
$1,680/mo
vs
Buy (10% down)
$3,708/mo
Price-to-rent ratio: 26.0 — At a ratio above 20, renting may be more economical in Flagstaff for shorter stays. Buying costs $2,028 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Flagstaff is $525,000, 38% above the Arizona state median of $380,000. With a population of 72,463, Flagstaff is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Arizona average 0.62% annually. This low property tax rate is a significant advantage for Flagstaff buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Arizona runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Flagstaff is $1,680/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Flagstaff is a higher-cost market. At $525K median, buyers need significant savings or strong income. Down payment assistance through Arizona's Home Plus AZ program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Flagstaff.