Total monthly cost of ownership
Cost to Own a Home in Springerville, Arizona
A $184,000 home here costs
$1,462per 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 $62,500 a year.
A standard mortgage calculator would have told you $1,003. The real number is $459 higher every month, 46% more than the payment most buyers budget for.
Compare Apache County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Springerville from a five-year rolling sample, and with about 1,847 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 Apache 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.
Springerville against Apache County and Arizona
| Measure | Springerville | Apache County |
|---|---|---|
| Median home value | $184,100 | $68,500 |
| Median property tax | $441 | $574 |
| Effective tax rate | 0.240% | 0.838% |
| Median gross rent | $1,199 | $647 |
| Population | 1,847 | 65,680 |
The weather behind that power bill
Springerville sits in Apache County, which averages a high of 90.4°F in its hottest month and a low of 18.9°F in its coldest, with 8.16" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 641 cooling and 5,275 heating degree days, which is what sets the $162 electricity line above.
See the full climate breakdown for Apache County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Apache County
Talk to someone who works this market
These are Springerville 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 Springerville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Springerville I already own here and may sell
Common questions
How much does it cost to own a home in Springerville?
A $184,000 home in Springerville, Arizona costs approximately $1,462 per month with 20% down at 7.24%. That is $1,003 principal and interest, $37 property tax, $39 homeowners insurance, $230 utilities and $153 set aside for maintenance.
What is the property tax rate in Springerville?
Springerville has an effective property tax rate of 0.240%, based on a median home value of $184,100 and median real estate taxes of $441. That is lower than the Apache County average of 0.838%.
What is the average home price in Springerville?
The median owner-occupied home value in Springerville, Arizona is $184,100, against $68,500 across Apache County.
Is it cheaper to rent or buy in Springerville?
Median gross rent in Springerville is $1,199 a month, against $1,462 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 Springerville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Springerville, Arizona at today's rate takes a household income of roughly $62,500 a year. That covers the full $1,462 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Springerville, 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.