Mortgage payment estimates, closing cost breakdowns, and homebuying data for Tucson, Arizona.
Median Home Price
$315K
Population
543K
Avg Monthly Rent
$1,220
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 Tucson.
Tucson vs Arizona Median
The median home price in Tucson is $315,000, which is 17% below the Arizona state median of $380,000.
Mortgage Calculator — Tucson, AZ
Pre-filled with Tucson median home price and Arizona tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $315K home using Arizona's 0.62% tax rate and $2,100/yr insurance.
5% Down
$2,404/mo
Down: $15,750
Loan: $299K
P&I: $1,891
Tax: $163
Insurance: $175
PMI: $175
10% Down
$2,295/mo
Down: $31,500
Loan: $284K
P&I: $1,792
Tax: $163
Insurance: $175
PMI: $165
20% Down (No PMI)
$1,931/mo
Down: $63,000
Loan: $252K
P&I: $1,593
Tax: $163
Insurance: $175
Income needed (28% rule): $83K/year with 20% down, $98K/year with 10% down.
Rent vs Buy in Tucson
Rent
$1,220/mo
vs
Buy (10% down)
$2,295/mo
Price-to-rent ratio: 21.5 — At a ratio above 20, renting may be more economical in Tucson for shorter stays. Buying costs $1,075 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 Tucson is $315,000, 17% below the Arizona state median of $380,000. With a population of 542,629, Tucson is a major metro area 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 Tucson 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 Tucson is $1,220/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.
Tucson presents moderate affordability. The $315K 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 Tucson.