Phoenix vs Tucson: Mortgage Cost Comparison
Thinking about buying in Phoenix or Tucson? Here's a side-by-side comparison of mortgage costs in both cities.
$2,432
Phoenix PITI
$1,892
Tucson PITI
$540/mo
Difference
-
? Monthly payment PITI with taxes & insurance included
-
? Bi-weekly payment PITI if paid every other week
-
-
-
-
-
-
Phoenix vs Tucson: Full Mortgage Comparison
Buying a home in Tucson is $540/month cheaper based on average home prices and local costs.
| Phoenix, AZ | Tucson, AZ | |
|---|---|---|
| Avg. Home Price | $410,000 | $310,000 |
| Down Payment (20%) | $82,000 | $62,000 |
| Loan Amount | $328,000 | $248,000 |
| Property Tax Rate | 0.61% | 0.74% |
| Annual Property Tax | $2,501 | $2,294 |
| Annual Insurance | $1,800 | $1,600 |
| Monthly P&I | $2,073 | $1,568 |
| Monthly PITI | $2,432 | $1,892 |
| Total Interest (30yr) | $418,346 | $316,310 |
What Drives the Difference?
Home prices are the biggest factor — Phoenix’s average home costs $100,000 more than Tucson’s.
Property taxes also favor Phoenix — Tucson’s 0.74% rate is higher than Phoenix’s 0.61%.
Insurance is $200/year more in Phoenix.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Phoenix | Tucson | |
|---|---|---|
| Monthly PITI | $2,432 | $1,892 |
| Income needed | $104,211 | $81,087 |
Try Your Own Numbers
The calculator above is pre-filled with Phoenix’s averages. Adjust the values to match your situation, or try the Tucson calculator for Tucson-specific numbers.