CALCMONEY // HOME AFFORDABILITY // AZ // SCOTTSDALE
How much house can you afford in Scottsdale? Based on local median home prices, current AZ mortgage rates, and Scottsdale property tax data.
$720,000
$4,484/mo
$192,152/yr
$320,756
Monthly housing costs of $4,484 represent 52.7% of Scottsdale's median gross monthly income ($8,500/mo). At 52.7%, median-income buyers in Scottsdale are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $720,000 |
| Down Payment (20%) | $144,000 |
| Loan Amount | $576,000 |
| Monthly PI Payment | $3,794 |
| Monthly Property Tax | $390 |
| Monthly Insurance Est. | $300 |
| Total Monthly PITI | $4,484 |
| Housing Cost % of Income | 52.7% |
| Required Income (28% rule) | $192,152/yr |
| Max Affordable Home | $320,756 |
$25,200
$5,758/mo
Scottsdale Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $720,000 | Scottsdale city median |
| Down Payment (20%) | $144,000 | Conventional loan |
| Monthly PITI | $4,484 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $192,152 | Annual gross |
| Max Affordable Home | $320,756 | Based on median income |
| FHA Down (3.5%) | $25,200 | Minimum FHA |
| Housing Cost % of Income | 52.7% | Median income: $102,000/yr |
| Property Tax Rate | 0.65% | $4,680/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Scottsdale is $720,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $576,000, generating a monthly P&I payment of $3,794. Adding property taxes ($390/mo) and homeowners insurance ($300/mo) brings total monthly PITI to $4,484.
Scottsdale's property tax rate of 0.65% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Scottsdale median home, that is $390/month, or $4,680 per year.
Arizona levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Scottsdale should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Scottsdale's median income of $102,000/year can afford up to $2,380/month in total housing costs. Based on Scottsdale's mortgage rate of 6.9% and property tax rate of 0.65%, that translates to a maximum affordable home price of approximately $320,756 with 20% down on a 30-year loan.
To afford the median Scottsdale home priced at $720,000, you need an annual gross income of approximately $192,152. Total monthly housing costs (principal and interest of $3,794, property taxes of $390, and insurance of $300) come to $4,484/month, which equals 28% of the required income.
At the median home price of $720,000 and median household income of $102,000, the total monthly housing cost of $4,484 represents 52.7% of gross monthly income. This is well above the standard 28% threshold, making Scottsdale a challenging market for buyers at median income.
A conventional 20% down payment on the median Scottsdale home of $720,000 is $144,000. An FHA loan requires just 3.5% down — $25,200 — but adds mortgage insurance of roughly $492/month, bringing total FHA payments to $5,758/month.