Quick Answer: How Much Does It Cost To Buy A Home In Arizona?

How much does it cost to buy a house in Arizona?

The average size home in Arizona is 1,879 square feet, according to GOBankingRates.

Nationwide, the median list price is $285,000 and the average cost per square foot is $152.51..

How much is a downpayment on a house in Arizona?

Conventional Loan Calculator in Arizona Conventional loans typically require a 5% down payment. However, there are flexible conventional loans programs designed for to help Arizona first time home buyers that only require 3% down.

Where is the cheapest place to buy a house in Arizona?

10 Most Affordable Places to Live in ArizonaOro Valley. One of the most attractive suburbs of Tucson, Oro Valley is a fast-growing community in the heart of the breathtaking Sonoran Desert. … Gilbert. Gilbert, Arizona is a young, vibrant community fueled by a strong economy. … Ahwatukee Foothills. … Flagstaff. … Avondale. … Chandler. … Prescott. … Coolidge.More items…•

What are the requirements to buy a house in Arizona?

What credit score is needed to buy a house?FHA Loan – 580+ (500-579 is possible but unlikely)VA Loan – 620+ (some lenders require 580)USDA Loan – 640+Conventional Loan – 620+

Who typically pays closing costs in Arizona?

The Seller generally will pay: Real estate agent’s commission; Escrow fee, one half; Any loan fees required by Buyer’s lender per contract; All loans in Seller’s name (unless existing loan balance is being assumed by Buyer);

What is the richest city in Arizona?

Paradise ValleyDetailed List Of The Richest Cities In ArizonaRankCityMedian Income1Paradise Valley$204,1452Queen Creek$98,2143Gilbert$92,3504Fountain Hills$81,53750 more rows