Home Affordability in Scottsdale, AZ
The median home price in Scottsdale is $700,000 with a median household income of $92,298. Housing is significantly stretched relative to local incomes.
Median Home Price
$700,000
Median Income
$92,298
Price-to-Income Ratio
7.6x
Est. Affordable Home
$359,000
Property Tax Rate
0.50%
Annual Property Tax
$3,500
Sales Tax Rate
8.05%
Cost of Living Index
128
Buying a Home in Scottsdale
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $92,298 in Scottsdale can afford a monthly housing payment of approximately $2,154. This translates to a home price of roughly $359,000, which is below the median home price of $700,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Scottsdale would be approximately $3,500 per year ($292/month) at the effective rate of 0.50%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $21,000 | $679,000 | Yes |
| 5% | $35,000 | $665,000 | Yes |
| 10% | $70,000 | $630,000 | Yes |
| 20% | $140,000 | $560,000 | No |
Use Our Home Affordability Calculator
Get a personalized estimate based on your income, debts, down payment, and credit score.
Calculate Now