Mortgage Calculator & Closing Costs: Scottsdale, AZ
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Scottsdale, Arizona.
Median Home Price
$725K
Population
241K
Avg Monthly Rent
$2,150
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 Scottsdale.
Scottsdale vs Arizona Median
The median home price in Scottsdale is $725,000, which is 91% above the Arizona state median of $380,000.
Mortgage Calculator — Scottsdale, AZ
Pre-filled with Scottsdale median home price and Arizona tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $725K home using Arizona's 0.62% tax rate and $2,100/yr insurance.
5% Down
$5,305/mo
Down: $36,250
Loan: $689K
P&I: $4,353
Tax: $375
Insurance: $175
PMI: $402
10% Down
$5,054/mo
Down: $72,500
Loan: $653K
P&I: $4,124
Tax: $375
Insurance: $175
PMI: $381
20% Down (No PMI)
$4,216/mo
Down: $145,000
Loan: $580K
P&I: $3,666
Tax: $375
Insurance: $175
Income needed (28% rule): $181K/year with 20% down, $217K/year with 10% down.
Rent vs Buy in Scottsdale
Rent
$2,150/mo
vs
Buy (10% down)
$5,054/mo
Price-to-rent ratio: 28.1 — At a ratio above 20, renting may be more economical in Scottsdale for shorter stays. Buying costs $2,904 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 Scottsdale is $725,000, 91% above the Arizona state median of $380,000. With a population of 241,361, Scottsdale is a mid-size city 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 Scottsdale 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 Scottsdale is $2,150/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.
Scottsdale is a higher-cost market. At $725K 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 Scottsdale.