Mortgage Calculator & Closing Costs: Lake Havasu City, AZ
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Lake Havasu City, Arizona.
Median Home Price
$385K
Population
57K
Avg Monthly Rent
$1,350
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 Lake Havasu City.
Lake Havasu City vs Arizona Median
The median home price in Lake Havasu City is $385,000, which is roughly in line with the Arizona state median of $380,000.
Mortgage Calculator — Lake Havasu City, AZ
Pre-filled with Lake Havasu City median home price and Arizona tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $385K home using Arizona's 0.62% tax rate and $2,100/yr insurance.
5% Down
$2,899/mo
Down: $19,250
Loan: $366K
P&I: $2,312
Tax: $199
Insurance: $175
PMI: $213
10% Down
$2,766/mo
Down: $38,500
Loan: $347K
P&I: $2,190
Tax: $199
Insurance: $175
PMI: $202
20% Down (No PMI)
$2,321/mo
Down: $77,000
Loan: $308K
P&I: $1,947
Tax: $199
Insurance: $175
Income needed (28% rule): $99K/year with 20% down, $119K/year with 10% down.
Rent vs Buy in Lake Havasu City
Rent
$1,350/mo
vs
Buy (10% down)
$2,766/mo
Price-to-rent ratio: 23.8 — At a ratio above 20, renting may be more economical in Lake Havasu City for shorter stays. Buying costs $1,416 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 Lake Havasu City is $385,000, roughly in line with the Arizona state median of $380,000. With a population of 57,301, Lake Havasu City 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 Lake Havasu City 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 Lake Havasu City is $1,350/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.
Lake Havasu City presents moderate affordability. The $385K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Lake Havasu City.