How Much Does It Cost to Buy a House in Arizona?

Kristy Snyder


Kristy Snyder

December 3rd, 2022
Updated December 3rd, 2022


Costs to buy a house in Arizona | Arizona closing costs | Arizona house buying calculator | Homeownership costs | How to save when buying a home in Arizona

If you're buying a home in Arizona at the median price of $432,850, you'll like spend anywhere from $33,350 to $119,038.

These costs of buying a home in Arizona don't include your ongoing costs after closing. These are likely to range from $1,332 to $1,781 a month.

Are these costs more than you expected? One way to make your home purchase more affordable is by working with Clever Real Estate. We can match you with a top-rated Clever agent from well-known brokerages like Century 21, Keller Williams, and more. You'll receive excellent service and could also be eligible for up to 0.5% cash back after you close! If you buy an average-priced home in Arizona that equals about $2,164!

💰Buying a home is expensive💰

Put money back in your pocket with Clever Cash Back. Clever will connect you with a top, local agent and send you a check after closing.

✅ Eligible buyers receive 0.5% cash back

✅ Work with a full-service realtor from a top broker

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Average cost to buy a house in Arizona

$4,329 to $12,986
$15,150 to $86,570
$3,941 to $5,911
$1,250 to $4,890
$33,350 to $119,038

Buyer closing costs in Arizona

While the other costs to buy a house in Arizona are pretty transparent, Arizona closing costs are a bit more nuanced. They're actually a series of smaller costs lumped together into one total. Here's a breakdown of all of the Arizona closing costs you'll likely pay when buying a home.

Closing cost
Closing fee
Recording fee
Title service fees
Origination fee
Underwriting fee
Discount points
$3,463 per point
Lender's title insurance
Owner's title insurance
Typically paid by seller
Prorated property tax
Transfer fee
No transfer tax in Arizona

Keep in mind, closing costs are often negotiable. However, to win the negotiation battle, you'll need a great agent who can work out a deal with the seller. Clever can match you with a top agent in your area that can get the seller to shoulder more of the above costs.

Contact us at Clever for top agent recommendations.

Cost to buy a house in Arizona calculator

Ongoing costs of homeownership in Arizona

Unfortunately, the cost to buy a house is just the beginning. After closing, you'll officially own the home and begin paying for the ongoing costs of homeownership.

Average monthly cost
Mortgage (principle and interest)
Homeowners insurance
Varies but averages $232 statewide
Note: All numbers are estimates based on state averages and a median home value of $432,850 and a down payment of 20%.

Besides the expenses outlined above, you'll also want to consider private mortgage insurance (PMI) and homeowner's association (HOA) fees.

  • If you pay less than 20% as a down payment on your house, you'll probably have to pay PMI monthly until you get to 20% equity. For the average Arizona homeowner, this is between $188 to $637 a month.
  • Some neighborhoods have HOA fees for the care and maintenance of common areas. The national average is around $250 per month.

» MORE: The true cost of homeownership

Top ways to save money when buying a house in Arizona

1. Look into better financing options

Paying off debts and getting your credit in the best shape possible before applying for a loan will help you get a better interest rate, which will lower your monthly payments for the life of the loan.

You can also shop around to compare lenders so you get the lowest fees and interest rates available. It may be a good idea to enlist the help of a mortgage broker if you're not sure how to go about vetting lenders.

Get Pre-approved Today!

Get matched with a lender who can tell you how much house you can afford. To get started, where do you plan on buying?

2. Participate in home buyer programs Arizona

Arizona has programs for home buyers that will make entry to homeownership easier. For instance, the Arizona Industrial Development Authority’s HOME Plus program offers down payment assistance for buyers with an annual income not exceeding $122,100 and a credit score of 640 or better. Low- and very-low-income applicants can apply for the Section 502 Direct Loan Program, which can reduce the mortgage payment for a short time.

There are also a number of programs that are dependent on the city you’re buying in — check out the HUD website for more information.

» MORE: First-time home buyer programs everyone should know about

3. Partner with an expert agent

Some real estate companies, like Clever, offer home buyers a percentage of their home's price back after the sale finalizes.

That means if you work with a Clever agent, you'll not only get the expertise that helps you get the best deal possible — you could also get up to 0.5% of your home price back after closing!

Get rewarded for buying a home with Clever Cash Back

Working with Clever connects you with top agents in your area, but you also may qualify for 0.5% back on your purchase. For a $350,000 home, you could get up to $1,750.

You could use this money for home repairs, new furniture, or even a vacation!

Fill out the form below and get started now.

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If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.