Total monthly cost of ownership
Cost to Own a Home in Florence, Arizona
A $323,000 home here costs
$2,515per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $108,000 a year.
A standard mortgage calculator would have told you $1,761. The real number is $754 higher every month, 43% more than the payment most buyers budget for.
Compare Pinal 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.
Florence against Pinal County and Arizona
| Measure | Florence | Pinal County |
|---|---|---|
| Median home value | $322,600 | $312,100 |
| Median property tax | $2,241 | $1,615 |
| Effective tax rate | 0.695% | 0.517% |
| Median gross rent | $1,163 | $1,417 |
| Population | 25,961 | 449,219 |
The weather behind that power bill
Florence sits in Pinal County, which averages a high of 104.9°F in its hottest month and a low of 41.3°F in its coldest, with 8.64" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 3,877 cooling and 1,157 heating degree days, which is what sets the $162 electricity line above.
See the full climate breakdown for Pinal County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pinal County
Talk to someone who works this market
These are Florence 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 Florence every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Florence I already own here and may sell
Common questions
How much does it cost to own a home in Florence?
A $323,000 home in Florence, Arizona costs approximately $2,515 per month with 20% down at 7.24%. That is $1,761 principal and interest, $187 property tax, $68 homeowners insurance, $230 utilities and $269 set aside for maintenance.
What is the property tax rate in Florence?
Florence has an effective property tax rate of 0.695%, based on a median home value of $322,600 and median real estate taxes of $2,241. That is higher than the Pinal County average of 0.517%.
What is the average home price in Florence?
The median owner-occupied home value in Florence, Arizona is $322,600, against $312,100 across Pinal County.
Is it cheaper to rent or buy in Florence?
Median gross rent in Florence is $1,163 a month, against $2,515 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 Florence?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Florence, Arizona at today's rate takes a household income of roughly $108,000 a year. That covers the full $2,515 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Florence, 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.