How your housing costs change when you relocate. Based on 2026 data with 10% down, 6.5% rate, 30-year fixed.
Your housing costs will increase by approximately $157 per month ($1,884/year) when you move from Minnesota to Arizona.
If you sell your median-priced Minnesota home ($335K) and buy in Arizona ($380K):
Your Minnesota equity covers the 20% down payment on a median Arizona home with $25K left over. That surplus can cover closing costs, moving expenses, or go into savings.
Over 10 years, this move costs you approximately $19K in housing costs alone.
Housing costs more in Arizona. The median home is 12% higher than in Minnesota — a $45K jump. You may need to adjust your expectations on square footage or location, or come with a larger down payment to keep your monthly costs manageable.
Good news on taxes: Arizona's 0.62% property tax rate is significantly lower than Minnesota's 1.12%. You'll save approximately $1,396 per year on property taxes, which adds up to $14K over a decade.
When you buy in Arizona, expect about $6K in closing costs (1.6% of purchase price). Arizona has no transfer tax, which helps keep your upfront costs lower. Budget for this amount on top of your down payment.
Arizona's Home Plus AZ offers Up to 5% DPA grant. If you haven't owned a home in three years (or are buying in Arizona for the first time), you may qualify. Check eligibility requirements and income limits on Arizona's housing finance agency website.