Total monthly cost of ownership
Cost to Own a Home in Flagstaff, Arizona
A $503,000 home here costs
$3,724per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $159,500 a year.
A standard mortgage calculator would have told you $2,786. The real number is $938 higher every month, 34% more than the payment most buyers budget for.
Compare Coconino County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Flagstaff against Coconino County and Arizona
| Measure | Flagstaff | Coconino County |
|---|---|---|
| Median home value | $503,400 | $413,200 |
| Median property tax | $2,155 | $2,008 |
| Effective tax rate | 0.428% | 0.486% |
| Median gross rent | $1,555 | $1,406 |
| Population | 76,333 | 144,643 |
The weather behind that power bill
Flagstaff sits in Coconino County, which averages a high of 84.9°F in its hottest month and a low of 14.1°F in its coldest, with 13.36" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 162 cooling and 6,799 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Coconino County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Coconino County
Full Coconino County cost breakdown · Every county in Arizona
Talk to someone who works this market
These are Flagstaff averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Flagstaff every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Flagstaff I already own here and may sell
Common questions
How much does it cost to own a home in Flagstaff?
A $503,000 home in Flagstaff, Arizona costs approximately $3,724 per month with 20% down at 7.4%. That is $2,786 principal and interest, $179 property tax, $106 homeowners insurance, $233 utilities and $419 set aside for maintenance.
What is the property tax rate in Flagstaff?
Flagstaff has an effective property tax rate of 0.428%, based on a median home value of $503,400 and median real estate taxes of $2,155. That is lower than the Coconino County average of 0.486%.
What is the average home price in Flagstaff?
The median owner-occupied home value in Flagstaff, Arizona is $503,400, against $413,200 across Coconino County.
Is it cheaper to rent or buy in Flagstaff?
Median gross rent in Flagstaff is $1,555 a month, against $3,724 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Flagstaff?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Flagstaff, Arizona at today's rate takes a household income of roughly $159,500 a year. That covers the full $3,724 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Flagstaff, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Arizona.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.