Total monthly cost of ownership
Cost to Own a Home in Mohave Valley, Arizona
A $237,000 home here costs
$1,862per 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 $80,000 a year.
A standard mortgage calculator would have told you $1,292. The real number is $570 higher every month, 44% more than the payment most buyers budget for.
Compare Mohave County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Mohave Valley from a five-year rolling sample, and with about 2,585 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Mohave County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Mohave Valley against Mohave County and Arizona
| Measure | Mohave Valley | Mohave County |
|---|---|---|
| Median home value | $236,900 | $253,200 |
| Median property tax | $1,111 | $1,229 |
| Effective tax rate | 0.469% | 0.485% |
| Median gross rent | $1,663 | $1,047 |
| Population | 2,585 | 217,420 |
The weather behind that power bill
Mohave Valley 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 $162 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
Talk to someone who works this market
These are Mohave Valley 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 Mohave Valley every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Mohave Valley?
A $237,000 home in Mohave Valley, Arizona costs approximately $1,862 per month with 20% down at 7.24%. That is $1,292 principal and interest, $93 property tax, $50 homeowners insurance, $230 utilities and $198 set aside for maintenance.
What is the property tax rate in Mohave Valley?
Mohave Valley has an effective property tax rate of 0.469%, based on a median home value of $236,900 and median real estate taxes of $1,111. That is lower than the Mohave County average of 0.485%.
What is the average home price in Mohave Valley?
The median owner-occupied home value in Mohave Valley, Arizona is $236,900, against $253,200 across Mohave County.
Is it cheaper to rent or buy in Mohave Valley?
Median gross rent in Mohave Valley is $1,663 a month, against $1,862 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 Mohave Valley?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mohave Valley, Arizona at today's rate takes a household income of roughly $80,000 a year. That covers the full $1,862 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mohave Valley, 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.