Total monthly cost of ownership
Cost to Own a Home in Vail, Arizona
A $368,000 home here costs
$2,896per 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 $124,000 a year.
A standard mortgage calculator would have told you $2,038. The real number is $858 higher every month, 42% 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.
Vail against Pima County and Arizona
| Measure | Vail | Pima County |
|---|---|---|
| Median home value | $367,500 | $286,900 |
| Median property tax | $2,886 | $2,248 |
| Effective tax rate | 0.785% | 0.784% |
| Median gross rent | $1,854 | $1,154 |
| Population | 15,722 | 1,049,947 |
The weather behind that power bill
Vail 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 Vail 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 Vail every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Vail?
A $368,000 home in Vail, Arizona costs approximately $2,896 per month with 20% down at 7.4%. That is $2,038 principal and interest, $241 property tax, $77 homeowners insurance, $233 utilities and $307 set aside for maintenance.
What is the property tax rate in Vail?
Vail has an effective property tax rate of 0.785%, based on a median home value of $367,500 and median real estate taxes of $2,886. That is in line with the Pima County average of 0.784%.
What is the average home price in Vail?
The median owner-occupied home value in Vail, Arizona is $367,500, against $286,900 across Pima County.
Is it cheaper to rent or buy in Vail?
Median gross rent in Vail is $1,854 a month, against $2,896 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 Vail?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Vail, Arizona at today's rate takes a household income of roughly $124,000 a year. That covers the full $2,896 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Vail, 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.