Total monthly cost of ownership
Cost to Own a Home in Tanque Verde, Arizona
A $573,000 home here costs
$4,324per 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 $185,500 a year.
A standard mortgage calculator would have told you $3,174. The real number is $1,150 higher every month, 36% more than the payment most buyers budget for.
Compare Pima 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.
Tanque Verde against Pima County and Arizona
| Measure | Tanque Verde | Pima County |
|---|---|---|
| Median home value | $573,000 | $286,900 |
| Median property tax | $3,827 | $2,248 |
| Effective tax rate | 0.668% | 0.784% |
| Median gross rent | $2,145 | $1,154 |
| Population | 15,531 | 1,049,947 |
The weather behind that power bill
Tanque Verde sits in Pima County, which averages a high of 80.3°F in its hottest month and a low of 33.6°F in its coldest, with 19.91" of precipitation a year and 54% of it in a single three-month stretch. That climate drives 616 cooling and 3,992 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Pima County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pima County
Talk to someone who works this market
These are Tanque Verde 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 Tanque Verde 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 Tanque Verde?
A $573,000 home in Tanque Verde, Arizona costs approximately $4,324 per month with 20% down at 7.4%. That is $3,174 principal and interest, $319 property tax, $120 homeowners insurance, $233 utilities and $478 set aside for maintenance.
What is the property tax rate in Tanque Verde?
Tanque Verde has an effective property tax rate of 0.668%, based on a median home value of $573,000 and median real estate taxes of $3,827. That is lower than the Pima County average of 0.784%.
What is the average home price in Tanque Verde?
The median owner-occupied home value in Tanque Verde, Arizona is $573,000, against $286,900 across Pima County.
Is it cheaper to rent or buy in Tanque Verde?
Median gross rent in Tanque Verde is $2,145 a month, against $4,324 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 Tanque Verde?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Tanque Verde, Arizona at today's rate takes a household income of roughly $185,500 a year. That covers the full $4,324 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Tanque Verde, 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.