Total monthly cost of ownership
Cost to Own a Home in Somerton, Arizona
A $206,000 home here costs
$1,694per 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 $72,500 a year.
A standard mortgage calculator would have told you $1,141. The real number is $553 higher every month, 48% more than the payment most buyers budget for.
Compare Yuma 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.
Somerton against Yuma County and Arizona
| Measure | Somerton | Yuma County |
|---|---|---|
| Median home value | $206,100 | $195,700 |
| Median property tax | $1,262 | $1,281 |
| Effective tax rate | 0.612% | 0.655% |
| Median gross rent | $909 | $983 |
| Population | 14,383 | 207,685 |
The weather behind that power bill
Somerton sits in Yuma County, which averages a high of 109.2°F in its hottest month and a low of 36.4°F in its coldest, with 3.79" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 4,176 cooling and 1,190 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Yuma County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Yuma County
Talk to someone who works this market
These are Somerton 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 Somerton 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 Somerton?
A $206,000 home in Somerton, Arizona costs approximately $1,694 per month with 20% down at 7.4%. That is $1,141 principal and interest, $105 property tax, $43 homeowners insurance, $233 utilities and $172 set aside for maintenance.
What is the property tax rate in Somerton?
Somerton has an effective property tax rate of 0.612%, based on a median home value of $206,100 and median real estate taxes of $1,262. That is lower than the Yuma County average of 0.655%.
What is the average home price in Somerton?
The median owner-occupied home value in Somerton, Arizona is $206,100, against $195,700 across Yuma County.
Is it cheaper to rent or buy in Somerton?
Median gross rent in Somerton is $909 a month, against $1,694 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 Somerton?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Somerton, Arizona at today's rate takes a household income of roughly $72,500 a year. That covers the full $1,694 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Somerton, 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.