Total monthly cost of ownership
Cost to Own a Home in Thatcher, Arizona
A $274,000 home here costs
$2,132per 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 $91,500 a year.
A standard mortgage calculator would have told you $1,494. The real number is $638 higher every month, 43% more than the payment most buyers budget for.
Compare Graham 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.
Thatcher against Graham County and Arizona
| Measure | Thatcher | Graham County |
|---|---|---|
| Median home value | $274,400 | $202,700 |
| Median property tax | $1,471 | $1,094 |
| Effective tax rate | 0.536% | 0.540% |
| Median gross rent | $967 | $890 |
| Population | 5,354 | 38,860 |
The weather behind that power bill
Thatcher sits in Graham County, which averages a high of 100.9°F in its hottest month and a low of 33.6°F in its coldest, with 7.98" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 2,715 cooling and 2,175 heating degree days, which is what sets the $162 electricity line above.
See the full climate breakdown for Graham County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Graham County
Talk to someone who works this market
These are Thatcher 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 Thatcher every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Thatcher I already own here and may sell
Common questions
How much does it cost to own a home in Thatcher?
A $274,000 home in Thatcher, Arizona costs approximately $2,132 per month with 20% down at 7.24%. That is $1,494 principal and interest, $122 property tax, $58 homeowners insurance, $230 utilities and $228 set aside for maintenance.
What is the property tax rate in Thatcher?
Thatcher has an effective property tax rate of 0.536%, based on a median home value of $274,400 and median real estate taxes of $1,471. That is in line with the Graham County average of 0.540%.
What is the average home price in Thatcher?
The median owner-occupied home value in Thatcher, Arizona is $274,400, against $202,700 across Graham County.
Is it cheaper to rent or buy in Thatcher?
Median gross rent in Thatcher is $967 a month, against $2,132 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 Thatcher?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Thatcher, Arizona at today's rate takes a household income of roughly $91,500 a year. That covers the full $2,132 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Thatcher, 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.