CALCMONEY // MORTGAGE // AZ // PEORIA
Calculate your monthly mortgage payment using Peoria-specific property tax rates and local market data.
$450,000
6.9%
0.66%
105
| Principal & Interest | $2,371 |
| Property Tax | $248 |
| Homeowners Insurance (est.) | $150 |
| Total Monthly Payment (PITI) | $2,768 |
$90,000
$493,546
$118,648/yr
The median home price in Peoria is $450,000, above the national median of $420,000. With a median household income of $78,000, the price-to-income ratio is 5.8x — meaning buyers typically spend 5.8 years of gross income on the purchase price.
Property taxes in Peoria run 0.66% of assessed value. On the median home, that is $2,970 per year, or $248 per month added to your mortgage payment. This is well below the national average of 1.1%, giving Peoria homeowners a meaningful property tax advantage.
Arizona has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Peoria is 105 (national average = 100). Day-to-day expenses beyond housing are close to the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $360,000 loan saves $16,200 in interest over 30 years.
Compare Top Peoria Mortgage Lenders