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Key Takeaways for Arizona Home Buyers:

Here's what you need to know to get started if you’re looking at buying in the Grand Canyon State.

Average Home Prices in Arizona

As of April 2025, the median sale price for a single-family home in Arizona is $426,333.

Average home price:

  • Phoenix: $427,833
  • Tucson: $340,000
  • Scottsdale: $539,000
  • Mesa: $391,500
  • Flagstaff: $539,000

Source: zillow.com/home-values

Average Home Size in Arizona

The average size for a single-family home in Arizona is approximately 1,919 square feet.

Average home size:

  • Phoenix: 1,998 square feet
  • Tucson: 1,638 square feet
  • Scottsdale: 2,260 square feet
  • Mesa: 1,998 square feet
  • Flagstaff: 1,919 square feet

Source: https://fred.stlouisfed.org/

Arizona State Taxes

  • Arizona imposes a flat income tax rate of 2.5% as of 2025
  • The average effective property tax rate in Arizona is approximately 0.51% of a home's assessed value. 
  • Arizona has a base state sales tax rate of 5.6%, with local additions that can bring the total rate up to 11.2% depending on the county or city. 

How Much Can You Afford in Arizona?

Recommended
Monthly Payment:
$750.00

affordability graph legend
$750.00
$1050
$1350

Affordable Home Prices With Your Recommended Payment

$107,844.08 house with $9,804.01 down. (10%)

$117,648.09 house with $19,608.02 down. (20%)

$127,452.10 house with $29,412.02 down. (30%)

These examples use the loan term provided and assume a fixed-rate mortgage with an interest rate of 6%.

Arizona Down Payment Assistance Programs

Pima Tuscon Homebuyer's Solution Program

The Pima Tucson Homebuyer’s Solution offers up to 6% in down payment and closing cost assistance for eligible buyers in Pima County, including Tucson.

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More about this program
  • Available to both first-time and repeat homebuyers
  • Assistance amounts of 3%, 4%, or 6% based on qualifications
  • Minimum credit score of 640 (660 for maximum assistance)
  • Debt-to-income ratio must not exceed 45%
  • No purchase price limits; income limits apply
  • Must occupy the home as a primary residence within 60 days of closing
  • Completion of a HUD-approved homebuyer education course required

Essex + National Homebuyers Fund FHA Program

This down payment assistance program helps buyers get into a home with little to no upfront cost, offering up to 101.5% financing through an FHA first mortgage and a second lien.

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More about this program
  • FHA loan covers 96.5% of the purchase price
  • Second lien covers 3.5% or 5% for down payment or closing costs
  • Minimum credit score: 600 (660 for manual underwriting)
  • No first-time buyer requirement
  • No max DTI with DU/LP approval
  • Homebuyer education required (Fannie Mae HomeView – free online)
  • Non-occupant co-borrowers allowed
  • Eligible properties: Single-family homes, duplexes (2 units), PUDs, condos (agency approved), townhomes, manufactured homes allowed (except single-wides)

Lakeview National Community Lending Program

The Lakeview National program supports low- to moderate-income buyers with down payment assistance and flexible financing to make homeownership more accessible.

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More about this program
  • 30-year fixed-rate conventional mortgage
  • Second lien offers up to 4% for down payment assistance
  • Max LTV/CLTV: 97% / 105%
  • Income limit: Up to 140% of area median income (AMI)
  • Minimum credit score: 660
  • DTI: Lesser of 50% or AUS approval
  • First lien acquired by Lakeview; second lien from an approved DPA provider
  • Eligible properties: Single-family detached or attached homes, single-family homes with accessory units (must be zoned single-family), PUDs and condominiums, rural properties (must be residential in nature)

Churchill Mortgage is an approved lender for these down payment assistance programs. Contact us today to see if you qualify!

Frequently Asked Questions

Check our FAQs for responses to our most popular questions from Arizona Home Buyers.

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How Much Should I Budget for Closing Costs in Arizona?

Home buyers in Arizona should typically budget 2% to 5% of the home’s purchase price for closing costs. This range includes fees like lender charges, title insurance, appraisal, escrow fees, and prepaid taxes and insurance. On a $350,000 home, closing costs may range from $7,000 to $17,500.

You will receive your closing costs from your Home Loan Specialist in a Loan Estimate that you will receive after you apply for your home loan and in the Closing Disclosure document that is provided before your official closing day.

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What Are the Most Popular Home Loan Types in Arizona?

Home buyers in Arizona have access to a variety of mortgage options tailored to different financial situations and homeownership goals. The most commonly utilized loan types include:

  • Conventional Loans: Ideal for buyers with good credit. Requires at least 3% down and offers competitive rates.

  • FHA Loans: Great for first-time buyers or those with lower credit scores. Requires 3.5% down and has flexible credit guidelines.

  • VA Loans: Available to eligible veterans and active-duty military. No down payment or PMI required.

  • USDA Loans: For rural and some suburban areas. Offers 100% financing with income and location limits.

  • Jumbo Loans: For homes above conforming loan limits. Requires strong credit and larger down payments.

Collaboration
How Can I Find a Trusted Local Arizona Realtor to Work With?

Churchill Mortgage's experienced Home Loan Specialists work closing with a network of trusted, local real estate agents across the state of Arizona. Just ask for a referral and we'll provide you with a professional who is committed to finding the right home for you.

 
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How Do Schools Rank in Arizona?

Arizona offers a diverse range of public and charter school options, including several that consistently earn top marks nationally. The state uses an A–F grading scale to evaluate schools based on student achievement, growth, and college and career readiness.

  • Top-performing districts include Chandler Unified, Scottsdale Unified, and Gilbert Public Schools.

  • Highly ranked schools like BASIS Scottsdale, BASIS Oro Valley, and University High School in Tucson are nationally recognized for academic excellence.

  • Arizona also has a strong network of charter schools, offering specialized programs and alternative education options.

For detailed school ratings, graduation rates, and test scores, check the Arizona School Report Cards.

For more information, visit the Arizona Department of Education.

Reviews from Arizona Home Buyers

★ ★ ★ ★ ★

"I really appreciate the time spent to educate me on the topics and the attention even after hours or during the weekends."

Jose G.
Tucson, AZ
★ ★ ★ ★ ★

"We first heard about Churchill from The Ramsey Show and they truly delivered. From start to finish, the team was there for us every step of the way. We had their support any time needed and they were there to answer any questions, even late evenings. We couldn't have asked for a better first-time home buying experience. Thank you."

Mariana T.
Casa Grande, AZ
★ ★ ★ ★ ★

"I had a ton of questions and feel like I got a personalized answer to my situation, not a sales pitch for a new product."

Matthew L.
Buckeye, AZ

4.9 / 5

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Top Rated Mortgage Lender

Served over 100,000+ happy homeowners!

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Arizona Branch Locations

Tucson, AZ

(503) 906-1671

Visit the Branch Website

Tucson, AZ

Scottsdale, AZ

602-315-6565

Visit the Branch Website

Scottsdale, AZ

Phoenix, AZ

602-800-6811

Visit the Branch Website

Phoenix, AZ

Churchill Loan Officers in Arizona

Conforming and high balance allowed. Cooperative housing not eligible. Not all applicants will qualify. Not a commitment to lend. Other restriction or limitations to any program may apply.

This calculator is being provided for educational purposes only. The provided values for interest rates are examples only and do not reflect Churchill Mortgage Product terms & offers. The results are estimates that are based on information you provided and may not reflect Churchill Mortgage Product terms. The information cannot be used by Churchill Mortgage to determine a customer's eligibility for a specific product or service. All financial calculators are provided by a third-party and are not controlled by or under the control of Churchill Mortgage. Churchill Mortgage is not responsible for the content, results, or the accuracy of information.

These calculations are hypothetical examples designed to for illustration purposes only. Consult a Home Loan Specialist for more specific information regarding payments, terms, etc.

As a responsible lender, Churchill Mortgage is committed to the principles outlined in federal and state lending laws ensuring all potential borrowers have access to the same information, services, and opportunities throughout the home loan process.