How much house can I afford on $40,000 in Arizona?
About $149,000 with 20% down ($118,000 with an FHA loan), using Arizona's 0.44% property tax rate.
That is $267,418 less than the typical Arizona home ($416,733), so on $40,000 you'd look at cheaper areas or a smaller home. The payment of $933 covers $804 principal and interest, $55 property tax and $75 insurance.
Counties in Arizona you can afford on $40,000
On $40,000 the typical home is out of reach in every Arizona county tracked by Zillow — the cheapest is Greenlee County at $158,270.
Assumes a 30-year fixed loan at 7.11%, property tax of 0.44% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Arizona
Frequently asked questions
How much house can I afford on $40,000 in Arizona?
About $149,000 with 20% down at 7.11%, keeping the payment (with Arizona's 0.44% property tax and insurance) under $933 a month.
Is $40,000 enough to buy a house in Arizona?
Not the typical home: the typical Arizona home is worth $416,733 (Zillow, September 2026) and $40,000 supports about $149,000. 0 of 15 counties are within budget.