Total monthly cost of ownership
Cost to Own a Home in Florence, Arizona
A $323,000 home here costs
$2,390per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,661. The real number is $729 higher every month — 44% more than the payment most buyers budget for.
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 $137 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
Common questions
How much does it cost to own a home in Florence?
A $323,000 home in Florence, Arizona costs approximately $2,390 per month with 20% down at 6.66%. That is $1,661 principal and interest, $187 property tax, $68 homeowners insurance, $205 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 $2,390 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
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.