Mortgage payment estimates, closing cost breakdowns, and homebuying data for San Luis, Arizona.
Median Home Price
$225K
Population
35K
Avg Monthly Rent
$950
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 San Luis.
San Luis vs Arizona Median
The median home price in San Luis is $225,000, which is 41% below the Arizona state median of $380,000.
Mortgage Calculator — San Luis, AZ
Pre-filled with San Luis median home price and Arizona tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $225K home using Arizona's 0.62% tax rate and $2,100/yr insurance.
5% Down
$1,767/mo
Down: $11,250
Loan: $214K
P&I: $1,351
Tax: $116
Insurance: $175
PMI: $125
10% Down
$1,689/mo
Down: $22,500
Loan: $203K
P&I: $1,280
Tax: $116
Insurance: $175
PMI: $118
20% Down (No PMI)
$1,429/mo
Down: $45,000
Loan: $180K
P&I: $1,138
Tax: $116
Insurance: $175
Income needed (28% rule): $61K/year with 20% down, $72K/year with 10% down.
Rent vs Buy in San Luis
Rent
$950/mo
vs
Buy (10% down)
$1,689/mo
Price-to-rent ratio: 19.7 — A ratio between 15-20 means the rent vs buy decision in San Luis depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in San Luis is $225,000, 41% below the Arizona state median of $380,000. With a population of 35,257, San Luis is a smaller market where home prices tend to be more accessible than in many parts of Arizona.
Property taxes in Arizona average 0.62% annually. This low property tax rate is a significant advantage for San Luis 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 San Luis is $950/month. The price-to-rent ratio in San Luis is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
San Luis offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Arizona's Home Plus AZ program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in San Luis.