AZ

Arizona Home Buying Guide

West Region · Non-Judicial Foreclosure State

Homestead ExemptionNo Transfer Tax

Key Facts at a Glance

Median Home Price
$410,000
Property Tax Rate
0.62%
Transfer Tax
None
Attorney Required
No
Foreclosure Type
Non-Judicial

What Makes Arizona Unique

No real estate transfer tax

Fast 30-day non-judicial foreclosure process

Home Plus offers up to 5% down payment assistance

First-Time Buyer Programs in Arizona

1

AzHFA Home Plus

Contact your state housing finance agency for current eligibility and rates

2

Pathway to Purchase

Contact your state housing finance agency for current eligibility and rates

3

HOME Plus Program

Contact your state housing finance agency for current eligibility and rates

Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.

Closing Costs in Arizona

1%
Avg Closing Costs
of purchase price
$4,100
Estimated Closing Costs
on median-priced home
None
Transfer Tax
no transfer tax!

Attorney at Closing

Attorney Not Required

Arizona does not require an attorney at closing. A title company typically handles the transaction. Consider hiring one anyway for complex deals.

Local Tips for Arizona Buyers

1

Phoenix metro is competitive — get pre-approved before shopping.

2

Arizona has no transfer tax, lowering closing costs.

3

Homestead exemption protects primary residence equity.

Estimated Annual Ownership Cost in Arizona

Based on the median home price of $410,000 with a 10% down payment and 7% mortgage rate.

Annual Mortgage Payment$29,446
Annual Property Taxes$2,542
Homeowners Insurance (est.)$2,050
Maintenance (est. 1%/yr)$4,100

Ready to Calculate Your Numbers?

Use our free calculators to estimate your monthly payment, affordability, and closing costs in Arizona.