Omaha Mortgage Calculator for Phoenix, Arizona (85016)

Free omaha mortgage calculator for residents of Phoenix, Arizona. Calculate your monthly mortgage payment in Omaha, NE. Includes Nebraska property tax and insurance rates so you know your true housing cost.

MEDIAN HOUSEHOLD INCOME
$65,177
per year in Phoenix
MEDIAN HOME VALUE
$528,283
in Phoenix, AZ
HOUSING AFFORDABILITY: VERY EXPENSIVE

Home prices far exceed what local incomes can comfortably support.

Local Context for Phoenix, Arizona

In Phoenix, Arizona (Maricopa County, ZIP area), the median household income is $65,177 per year and the median home value is $528,283. Use this free calculator for accurate, instant results tailored to your needs. No sign-up or account required.

About Phoenix, Arizona (ZIP 85016)

City Phoenix, Arizona
County Maricopa County
ZIP Code 85016
State Arizona
Time Zone Phoenix
Median Household Income $65,177/year
Median Home Value $528,283

Housing & Cost of Living — Phoenix, Arizona

Affordability Tier Moderately Expensive
Price-to-Income Ratio 4.9x
Est. Monthly Mortgage (20% down, 6.65%) $1,637/mo
Mortgage as % of Monthly Income 30.1%
Income vs. National Median near the national median
Income Tier Middle Income
Home Value vs. National Median near the national median
Housing Market Tier Mid-Range Market
Cost of Living Index 107 (Near National Average)

With a price-to-income ratio of 4.9x — above the national average of 4.1x — buyers in this area need to stretch further relative to their income.

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