CALCMONEY // HOME AFFORDABILITY // AZ // TUCSON
How much house can you afford in Tucson? Based on local median home prices, current AZ mortgage rates, and Tucson property tax data.
$295,000
$1,854/mo
$79,466/yr
$173,363
Monthly housing costs of $1,854 represent 42.8% of Tucson's median gross monthly income ($4,333/mo). At 42.8%, median-income buyers in Tucson are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $295,000 |
| Down Payment (20%) | $59,000 |
| Loan Amount | $236,000 |
| Monthly PI Payment | $1,554 |
| Monthly Property Tax | $177 |
| Monthly Insurance Est. | $123 |
| Total Monthly PITI | $1,854 |
| Housing Cost % of Income | 42.8% |
| Required Income (28% rule) | $79,466/yr |
| Max Affordable Home | $173,363 |
$10,325
$2,376/mo
Tucson Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $295,000 | Tucson city median |
| Down Payment (20%) | $59,000 | Conventional loan |
| Monthly PITI | $1,854 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $79,466 | Annual gross |
| Max Affordable Home | $173,363 | Based on median income |
| FHA Down (3.5%) | $10,325 | Minimum FHA |
| Housing Cost % of Income | 42.8% | Median income: $52,000/yr |
| Property Tax Rate | 0.72% | $2,124/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Tucson is $295,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $236,000, generating a monthly P&I payment of $1,554. Adding property taxes ($177/mo) and homeowners insurance ($123/mo) brings total monthly PITI to $1,854.
Tucson's property tax rate of 0.72% 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 Tucson median home, that is $177/month, or $2,124 per year.
Arizona levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Tucson 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 Tucson's median income of $52,000/year can afford up to $1,213/month in total housing costs. Based on Tucson's mortgage rate of 6.9% and property tax rate of 0.72%, that translates to a maximum affordable home price of approximately $173,363 with 20% down on a 30-year loan.
To afford the median Tucson home priced at $295,000, you need an annual gross income of approximately $79,466. Total monthly housing costs (principal and interest of $1,554, property taxes of $177, and insurance of $123) come to $1,854/month, which equals 28% of the required income.
At the median home price of $295,000 and median household income of $52,000, the total monthly housing cost of $1,854 represents 42.8% of gross monthly income. This is well above the standard 28% threshold, making Tucson a challenging market for buyers at median income.
A conventional 20% down payment on the median Tucson home of $295,000 is $59,000. An FHA loan requires just 3.5% down — $10,325 — but adds mortgage insurance of roughly $202/month, bringing total FHA payments to $2,376/month.