Total monthly cost of ownership
Cost to Own a Home in Lake Havasu City, Arizona
A $412,000 home here costs
$2,896per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,118. The real number is $778 higher every month — 37% 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.
Lake Havasu City against Mohave County and Arizona
| Measure | Lake Havasu City | Mohave County |
|---|---|---|
| Median home value | $411,500 | $253,200 |
| Median property tax | $1,720 | $1,229 |
| Effective tax rate | 0.418% | 0.485% |
| Median gross rent | $1,269 | $1,047 |
| Population | 58,037 | 217,420 |
The weather behind that power bill
Lake Havasu City sits in Mohave County, which averages a high of 98.7°F in its hottest month and a low of 30.2°F in its coldest, with 8" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,174 cooling and 3,012 heating degree days, which is what sets the $137 electricity line above.
See the full climate breakdown for Mohave County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mohave County
Common questions
How much does it cost to own a home in Lake Havasu City?
A $412,000 home in Lake Havasu City, Arizona costs approximately $2,896 per month with 20% down at 6.66%. That is $2,118 principal and interest, $144 property tax, $87 homeowners insurance, $205 utilities and $343 set aside for maintenance.
What is the property tax rate in Lake Havasu City?
Lake Havasu City has an effective property tax rate of 0.418%, based on a median home value of $411,500 and median real estate taxes of $1,720. That is lower than the Mohave County average of 0.485%.
What is the average home price in Lake Havasu City?
The median owner-occupied home value in Lake Havasu City, Arizona is $411,500, against $253,200 across Mohave County.
Is it cheaper to rent or buy in Lake Havasu City?
Median gross rent in Lake Havasu City is $1,269 a month, against $2,896 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 Lake Havasu City — 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.